Bitcoin (BTC) Takes an Intraday Bullish Toll; Trades Above $7.1k

• Bitcoin, at the time of writing this analysis, was drawing an uptrend after it spiked above $7k after two days of price accumulation below $7k
• BTC retains support from the daily 200-day MA after a complex intraday movement of the coin against the US Dollar
• Moreover, Bitcoin price has notably hit above $7k after three days of downward consolidation with a price accumulation around $7.1k
• The technical appear bullish as the MACD crosses above the signal line after candlestick trend revision, today
• The price trend of BTC is already breaching above the 20-day upper Bollinger Band as the coin gains the intraday rush of momentum

Bitcoin Price Analysis

On the intraday chart, Bitcoin is drawing a bullish wedge as the green candlesticks hit above $7.1k for the second time in the day after plummeting around $7k. The market is for sure, a volatile space at present, and BTC is exhibiting a bullish picture, laying an influential effect on the altcoins as well. After a price accumulation in the second half of the trading session, BTC price

Additionally, Bitcoin began a bullish move above $7k in yesterday’s trading session marking gains for the intraday traders. This would have been probably the first time that BTC price would have been so volatile just a month before halving and every bullish move now, is just a hope to spike and fetch gains for the investors. Based on technical as well as Bitcoin price predictions, the coin might cross $7.2k in the upcoming days.