Our recent Bitcoin price forecast more than justified itself as the price overpassed the $8,200 marks and fixed above $8,500. On the 4H chart, Bitcoin has increased by more than 10% over the last two days. The short-term scenario remains bullish, as MACD is moving upward. However, there is a high chance to see BTC trading in a sideways trend due to the fact that the RSI indicator is located in the overbought area. All in all, the rate of the leading crypto is likely to locate in the yellow range as it is outlined on the chart.