BTC/USD Bulls Need To Refuel The Rocket

Bitcoin looks pretty good on the hourly chart. The price, as you may see is above the descending trend line and I am almost sure that BTC/USD is likely to develop its growth. Bulls look very strong. Bitcoin has started to grow last week but it is time for the currency to start a correction.

As far as you can see, the currency pair has broken $6,757 resistance area and is trading above $7,000 in the moment of writing. I think that this upside tendency is likely to develop in the nearest future, but I also suppose that further growth is impossible without a downside correction.
My main scenario looks the following. Bitcoin will decline towards the support area at $6,757 first. This is my target for the next week. Why do I have such an idea? If you pay attention to the marked area, you can see a clear Shooting Star candlestick pattern. What does it mean? It is a price action signal for decline.
I also think that this temporary downside tendency will be broken at $6,757 as this is a strong level, which was tested from below several time before being broken. The next target is higher, but this is a matter of couple of weeks I think.

Check the full crypto analysis HERE>>>.