The recent upward movement seems to be repeating what happened a few weeks ago: especially by looking at RSI
is noticeable how both times it has been climbing up in an upward channel - and last time it broke down of it, the price also broke down the ascending channel
to find a higher low. It seems that we are in the exact same situation, and that we may find support at $7000 but most likely lower, at $6800, that is also the bottom line of the yellow channel.
is currently flirting with 50 MA and it seems that it has ran out of fuel.
Mid-term view stays as stated in previous analysis, with main target at $8000 but possibly higher, $8500. This is still just a bear market rally that could end in a very nasty way.