Bitcoin Rises Against Strong Bearish Mood; Deeper Decline Coming?

Bitcoin on Wednesday moved slightly upward as traders remained puzzled about its next big price rally.
The bitcoin-to-dollar exchange rate surged by as much as 0.80 percent to establish an intraday high of $7,263.31. The move uphill accompanied a moderate rise in volume.
The conformity between price and volume showed traders’ inclination to retest the strong resistance area lurking above $7,500. Nevertheless, the possibility of bitcoin jumping above the purpled ceiling (in the chart below)