Yesterday price dropped by at least 3% as Bitcoin major ETF was denied by the SEC. Today price recovered quickly, pushing above $8000. Now price is approaching resistance as seen in the chart.
Scenario one (Bullish Breakout): Price breaks key resistance, look for consolidation above $8500.
Scenario two: Price falls back to support.
Scenario one (Bullish Breakout): Price breaks key resistance, look for consolidation above $8500.
Scenario two: Price falls back to support.