Bitcoin Just Reversed And Its Likely Heading $7,400

Bitcoin started a strong upward move from the $6,880 support area against the US Dollar.
The price is reversing losses and it is now well above $7,100.
There was a break above a key bearish trend line with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The current technical structure suggests reversal signs towards the $7,500 resistance area.Bitcoin price is climbing with a bullish angle above $7,000 against the US Dollar. BTC is likely to accelerate high