Bitcoin Bulls Get Rejected As $16,700 Proves Too Strong; Here Is What To Expect

BTC’s price is rejected from breaking above $16,700 as this region is too strong for bulls. 
BTC’s price remains bearish in the high timeframe as most traders and investors remain cautious. 
BTC’s price bounces from a low of $15,500 on the daily timeframe as the price reclaims $16,500 as price struggles to break higher above the 50 Exponential Moving Average (EMA)The price action demonstrated by Bitcoin (BTC) in recent times has been better than the previous week as