BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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Price is currently trading below the resistance at 7300 which is also .618 fib level, bearish divergences on 4hr and smaller TFs. Although every indicator is bearish it seems like we are gonna break 7300 and push for 7500 for the short squeeze.
I'll be looking at the 7600-7700 very carefully as we are about to test the long term trendline resistance.
So far bitcoin is looking better than the previous pumps, breakout here would be really bullish imo
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