Well, the bitcoin pattern is showing strong resistance to break new gains. I was a little surprised, when most of last week showed down direction, and a lot of speculation the price fell at $ 6000. now bitcoin is breaking patterns and speculation. I hope that bitcoin can penetrate at $ 8,000 until the end of this year.
There is a resistance between $7000-$8000, when the price became near in that area; we will see that the price will bounce there because that area have a lot of sellers and that is why it called resistance. If the buyer overcome the seller in that area it means that the price breakout in the resistance and it can be a good sign of a market reversal.