Bitcoin is seen rising to $7,000 in the short-term and could rally further if its move toward the psychological hurdle is backed by a sharp rise in the daily trading volume.
A break below $6,341 (former resistance-turned-support) would weaken the bull case. However, only a daily close below $6,275 (Monday's low) would abort the bullish view.
A daily close below $5,755 (June 24 low) would signal a revival of the sell-off from the May high of $9,990 and would shift risk in favor of a drop to $5,400 (November 12 low).
There's future in crypto.