Bitcoin predictions for short term
Just as I previously indicated only after passing 10k USD line we can expect BTC moving up further, and failure to do so will result in BTC moving below 8200.
That's exactly what happened - the market wasn't ready for another bull run and bulls were shy to make serious moves.
Are we in the bull trap? Not necessary. There is a possibility that we might enter consolidation period with a low market volume
If BTC will stay for the next day over 7800 then we shouldn't move further down.
Inability to stay over 7800 will push us down to 7000 - 7150 price level with an opened opportunity to move down below 6580 resistance level.