BTC Update
The price of Bitcoin is hovering aorund $7720, with 24 hour trading volume leveling around 4.9 billion USD. Bit coin has risen over 3% in the past 24 hours and positive sentiment has been echoing in the market. Volume has increase from weekend lows which is usually the case and has picked up steadily.
Bitcoin is currently facing diagonal and horizontal resistance at the $7800-7900 range. The current sentiment is fundamentally bullish on Bitcoin based on the current state of the market
This does not mean that $BTC could eventually best these levels, but it is never wise to long into heavy resistance, The better option would be to sideline some fiat here to hedge against a rejection.
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