In the longer term, Bitcoin will increase sharply.
Short-term: After Bitcoin failed to break the $ 6,620 resistance against the dollar, it began to consolidate. The BTC / USD pair mainly trades above the $ 6,300 support level with swing motion. The final low of $ 6,302 before prices moved above $ 6,400 and the 100-simple moving average. Prices also broke the 50% retracement threshold of the last drop from a high of $ 6,618 to $ 6,302.