I really dont have that price as anything that big, your 6740 I have as 6500 and already beat it if that makes any sense.  Sure I can see how it can be pencilled in as some significance but what we did in the recent past to run out a downtrend was the more significant move, after that it was reasonable to expect us to continue to the 50 day average at the very least.   Probably or normally BTC rises up, hits it head and maybe sits back down again (if we bearish) , we barely even stood up yet so not that surprised tbh.

Every resistance to me, or what I say from experience is resistance has a kind of magnetised effect to it.  So its resistance but also the price will be drawn to that ceiling and react to it, hence we get the sharp pin candles and people count those as confirmation to support or res I think.   So we are at 50 DMA again, its the 3rd tap and maybe it counts or not.  I dont think it should personally, I think at least 7,200 or so

There is some argument for this area as something of a speed bump, it was lowest price in May and we went sideways here momentarily early August again but I've not noted it as anything.  7200 to 7700 area I think is an area of res or proper ceiling I got on the daily bars so I expect that unless the market is determined we rewind and repeat because this beat so good