Bitcoin expected to see a short rise past the $7,100 USD level but the near term prospects look gloomy for the top crypto, top trader wrote on Thursday. Following the current trend in the equity markets, which is reacting to a possible increase in jobless claims – expected to hike towards 1 million to 4 million – BTC sentiments signal a bearish momentum towards the $5,800 level. “BTC/USD set to test $7,100 before bearish reversal” A popular crypto trader on Twitter, Crypto Michael, expects the price of BTC/USD to breach the ever evading $7,000 level before facing a reversal. In a bid to increase liquidity in the ... (full story)