Price has been trading in a short term bearish channel since August 26. Now price is testing the resistance level of the channel.
BTCUSD Trade The Channel Before Breakout by EmpowerTrader
Scenario One ( Bullish Breakout): Price breaks resistance level of the bearish channel , look for consolidation above the respective resistance level above $7150.
Scenario Two ( Bearish Rebound): Price rejects bullish breakout, potentially moving back to key support level at $6800.