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Bitcoin (BTC) Long Squeeze or End of Bear Leg?

Bitcoin price action in the hourly chart of the BTC/USD pair is splitting opinion as candlestick arrangements send mix signals. BTC price is suppressed and in a temporary bear trend. While prices are levitating above the $6,500-$7,000 support zone, the sharp spike in trading volumes that temporarily lifted prices above $7,250 in the hourly chart

Bitcoin price action in the hourly chart of the BTC/USD pair is splitting opinion as candlestick arrangements send mix signals. BTC price is suppressed and in a temporary bear trend. While prices are levitating above the $6,500-$7,000 support zone, the sharp spike in trading volumes that temporarily lifted prices above $7,250 in the hourly chart