BITCOIN remains choppy suggesting further uncertainty

BITCOIN continues to show uncertainty from the buyers on the Daily timeframe as higher levels continue to be rejected. We expect to see some short term volatility until traders build a clearer picture. A move through 7430 will not lead to a happy place for buyers as the contraction lower continues off 14000. A push up out of contraction (holding above 7430) will be a positive move from the bulls and may be what is needed to change the tide and drag in more buyers from the sidelines to trend price higher.