Bitcoin Rebound Not Likely in the Short-Term, Analysts Eye $7,777 to Signal Uptrend

According to experts at Fundstrat, the price drop of Bitcoin to below $7,000, a two-month low, indicates that the coin will have a difficult time recovering in the short-term.
Bitcoin Uptrend ComingRobert Sluymer, technical strategist at Fundstrat Global Advisors believes that $7,777 is the key level Bitcoin will have to reach to signal an uptrend is underway.“The downtrend that began in early May is still intact and will need to be reversed to signal an improvement for BTC,” Robert