The BTC is in a short-term up-trend with a possible target of 8000-8500 which is marked in the chart. This will happen if resistances of 7500 and 7800 be broken-out. However, going beyond 8500 is hard to achieve due to dominant midterm down-trend which I presented in my past ideas and is linked below. Falling below of 7000 means that this movement is just a fake broke-out just like previous one and much lower prices should be expected.
