Bitcoin dropped to lower 7500 USD price range which is what I predicted in my private chart for my followers and came really close to hit one of its uptrend channel and we should be expecting a bounce and get close to 8k value however I expect a big resistance at this price level so we might stop at 7950 USD.
STOCH RSI oversold area bullish signal And please take a look on the 2h and 1h chart as we can see the STOCH RSI in oversold area too which is bullish and it is already started to turn back on which means a bounce to 8k area is really close.
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