Bitcoin's Trading Range

Updated
Bitcoin is trading in a range between $7450-$7600, being very close to the resistance line.

The price is expected to break out towards $8000.

All explanations are given in the chart.

Please leave a like and comment if you like my analysis.
Note
The price has broken out and is on it's way to $8000. Expecting the target to be reached within 1-3 days. Going to post a longer-term analysis soon.
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