As you can see, bitcoin is succeeding in holding its price at the 7400$~ area for the last 3 days:
What we will happen next? wil it it just be another bart simpson pattern and there will be a massive drop back to 6800$ I dont think so.
Bitcoin is trying to visit higher levels but it is done very slowly. The money that is pouring in today is much more "smart" and the investors know what they are doing and nobody is going all in. They understand that every price incriment requires time to consolidate and they time their investment accordingly.
I think the next stop is the key level of ressistence at 8000$.
This is a round number and it was a resistence level before but I think if bitcoin pass that it will cause the media to start pay attention again and they will give bitcoin the stage again, this accompanid with all the great news that is coming especially the awaited approval of the etf at the middle of august will bring bitcoin to a new price level that we have never seen before.
Cryptodad