Bitcoin price squeezing as it gets tighter in trend

As you all have seen yesterday that Bitcoin price bounced suddenly because of getting oversold on RSI and has since have kept tight inside 7300-7500 range testing resistance before $7800. The price going beyond $8000 for the next week is unlikely as the rally failed because of low volumes and it quickly traced back to $7300 after hitting $7600.

In the long summary and a positive comment is that Bitcoin price is still crawling under its long term uptrend. As you can see since previous year Bitcoin price has remained between the two lines drawn except for the FOMO that send the price to nuts.

Currently I am assuming the price to hit $10000 in the mid of July. This is because MACD is now pointing upwards and RSI has touched its bottom. Overall, the market remains calm and I don't except huge fluctuations in price.

Although Alt Season seems near so be prepared.