Bitcoin Price Analysis: BTC is still in an upward trajectory and 7K is the next target for the bulls

Bitcoin is trading nearly 8% higher on Monday as crypto sentiment remains positive.
The main resistance is now 7K and short term the price has moved lower.

BTC/USD 1-hour chart

The price of BTC/USD has pushed higher on the first trading day of the week as sentiment improves. There is a large consolidation area at the moment and every time the price breaks out it moves back in pretty swiftly. The triangle pattern has now been broken to the upside and sometimes the pattern is tested before the continuation takes place. The blue horizontal like could be the next support if the price breaks lower.

On the topside, the main level is 7K, if the bulls gain control of the market that will be the biggest hurdle and a break would make a higher high higher low pattern. The price is also above the 55 and 200 moving averages which is also bullish but the key level will still be 7K.

Additional levels

BTC/USD

Overview
Today last price	6314.92
Today Daily Change	494.92
Today Daily Change %	8.50
Today daily open	5820

Trends
Daily SMA20	6879.63
Daily SMA50	8503.39
Daily SMA100	8232.1
Daily SMA200	8427.04

Levels
Previous Daily High	6416.83
Previous Daily Low	5741.99
Previous Weekly High	6951.22
Previous Weekly Low	4437.02
Previous Monthly High	10511.86
Previous Monthly Low	8431.17
Daily Fibonacci 38.2%	5999.78
Daily Fibonacci 61.8%	6159.04
Daily Pivot Point S1	5569.05
Daily Pivot Point S2	5318.11
Daily Pivot Point S3	4894.22
Daily Pivot Point R1	6243.89
Daily Pivot Point R2	6667.78
Daily Pivot Point R3	6918.73

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