BTC/USD Still Hesitating. What's Next???

The currency pair has lost nearly two percent in the past 24 hours but this time there is nothing to worry about. As we can see, BTC/USD goes along the short term ascending trend line jumping over one resistance area after another. Technically and fundamentally, this is a correction still as there are no positive drivers to change the tendency. However, those who have bought earlier, gained already some profits.
Let’s have a closer look at BTC/USD. The currency pair has jumped over the resistance area at $7,565 during the weekend and managed to test another resistance area at $7,734. The price declined towards the ascending trend line later. BTC/USD is testing this trend line, which coincides with $7,565 support area and 1.618 retracement level currently. The probable ways for Bitcoin are the following:
1. Red scenario (bearish). The currency pair will break through the trend line and move lower targeting two closest support areas at $7,341 and $7,199.
2. Orange scenario (neutral). The currency pair will stay between support area at $7,565 and resistance are at $7,734. This horizontal channel may be larger including the next resistance area at $7,949.
3. Green scenario (bullish). The currency pair will move upwards directly breaking through resistance areas at $7,734 and $7,949.

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