The price of Bitcoin is currently stuck in a range and attempting to find support on the 89 EMA (which was the main support when BTC was in the $6K region before the drop to 3k) and the 100 SMA.
As long as we are stuck in the current range ($6800 - $7500), the bias will remain neutral.
If we break out and close above the $7500 region then we could see a price increase until the ~$9620 horizontal resistance.
On the other hand, if we break down, then we could see the price drop till the 200 EMA support at $~5550 region (which was the resistance in the $4k region) and eventually another drop to the 200 SMA at the $5000 region.
As long as we are stuck in the current range ($6800 - $7500), the bias will remain neutral.
If we break out and close above the $7500 region then we could see a price increase until the ~$9620 horizontal resistance.
On the other hand, if we break down, then we could see the price drop till the 200 EMA support at $~5550 region (which was the resistance in the $4k region) and eventually another drop to the 200 SMA at the $5000 region.