Bitcoin rejected from $8,000 level again making recovery an uphill task for the already exhausted bulls.
BTC/USD is likely to stay within the range limit between 7,400 and $8,000.
It is clear that Bitcoin lacks a catalyst to support the reversal that it has staged since yesterday from the support at 7,400. Moreover, the bulls must have confidence in Bitcoin’s ability to touch $9,000 again and even move closer to $10,000 before the end of June.
BTC/USD is likely to stay within the range limit between 7,400 and $8,000.
It is clear that Bitcoin lacks a catalyst to support the reversal that it has staged since yesterday from the support at 7,400. Moreover, the bulls must have confidence in Bitcoin’s ability to touch $9,000 again and even move closer to $10,000 before the end of June.