Bitcoin - $8,300 is on the horizon

In terms of the technical analysis, our BTC price prediction has partially come true, as the price managed to reach $7,785, however, then a fast bounceback occured to the $8,000 level.

On the 1-hour chart, we are still dominated by bull, despite the fact, that the trading volume has slightly decreased. The RSI indicator is neutral, meaning that a rise up might occur soon. In this regard, the nearest scenario is reaching $8,300 in a few days.