BTC shut last night over $7,500, verifying a dual bottom favorable breakout and the dropping wedge change. The breakout was also supported by solid volumes.
Traction research indicate a 5-day going average (MA) and 10-day MA popular north, showing bullish setup. The general power index has gone higher than 50.00 (into the bullish territory).
So, the trend has converted favoring the bulls, at the very least for the short-term.