Is $7,500 a Sweet Spot for Bitcoin Buyers?

The last few weeks have witnessed some of the most dramatic moves in the price of Bitcoin, and to a lesser extent the entire cryptocurrency markets, since the prolonged cryptocurrency bear market phase began back in early 2018. Now, many traders and investors are predicting that a new wider crypto bull market may be underway.
Volume has likewise increased, peaking at over US$33 billion on May 16th, in addition to the 200-day moving average turning bullish for the first time since early 2018. Rec