Bitcoin Hits 3-Week High Despite Strong Bearish Signs: Where is it Heading?

Bitcoin on Monday was trading above $7,500 as sellers showed signs of exhaustion near a crucial support area.
The cryptocurrency could swell further to test $8,000-8,500 area, according to textbook technical indicators.
A gap on the CME’s daily Bitcoin Futures chart hints a revisit to $7,200.Bitcoin opened this week at records as buying interests among traders renewed for the short-term.
The benchmark cryptocurrency on Monday established an intraday high of $7,642.66, up 0.33 percent sinc