Daily Analysis of Bitcoin's Price: Will bull Pattern Starts Soon

Bitcoin is trading around $7,000 and above $6,950 for most of the time and price is stable since the last dip that ended at $6,892. Support around $6,950 is not allowing the traders to buy below $6,950 which is a good news.

Asian market remained silent for most of the part of the day but at the closing time or we can say that when the bigger player were at rest there was some uptrend that pushed the price beyond $7,000.

In bitcoin trading market never closes some day trader keep their eyes open for the whole day or they uses some kind of bots. Majority however sleeps at night so when Asians sleeps Europeans and Americans get active at this time both are active.

If we want to see the price above $7,000 for a longer period of time then we have to break the $7,100 resistance once price will go beyond $7,100 there are less chances that price will fall below $7,000 unless there will be a bad news.