BTC risks falling below $6,341 (double bottom neckline - former resistance-turned-support, the lower end of the trading range) as indicated by the bearish setup on the hourly and 4-hour chart.
Acceptance below $6,341 would abort the bullish view put forward by the double bottom breakout, bull flag breakout and bullish falling channel breakout and would shift risk in favor of a drop below $6,000.
On the higher side, an aggressive move above the significant obstacle of $6,754 (23.6 percent Fibonacci resistance) would bolster the already bullish technical setup on the daily chart and open doors to $7,000.
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