Last week price of Bitcoin had been bearish. On July 8, the bulls took the price of Bitcoin to the high of $6,719.30. Then the bears took control of the market and gradually brought price to the low of $6.176.19. This has been the scenario for the previous month where price fluctuates between the levels of $7,000 and $6,000. This week price of Bitcoin has resumed its bullish movement and it is likely to reach the high of $6,700. Traders are to look out for buy setups to enable them to initiate long trades.However, the MACD line and the signal line are below the zero line which indicates a sell signal. But the price ... (full story)