The price is expected to proceed towards the $6,000 price level in the coming days, but certain retracement is expected to push the price towards the Kumo Cloud before the price pushes higher.
There is certain news about Bitcoin acceptance in various organizations and places, which has contributed well enough to the recent Bitcoin gains by shifting the market sentiment from the Risky instrument to Safe Haven again.
Currently, the price is showing bullish pressure inside the corrective structure whereas breaking above $5,822 will eliminate chances of further retracement towards the Cloud and push the price higher towards the $6,000 price level. As the price remains above the $5,500 level, the bullish pressure is expected to be intact creating more higher highs in the future.
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