BITCOIN BTCUSD now Looking Bearish in short Term

BTCUSD Now Trading at $7840.

before some hours BTCUSD dumped and 50MA doing good Support.
50 MA support is $7682.

We can see some upward side moment around $8000.
and after we can see again down side moment till $7500-$7600.
it will be possible if downside move and not break again $8000.

if BTC move upward side above $8000 then we can see new High of this year.

Now what:

Support: $7450-$7550
Resistance : $7800-$8000.

What Next: if we again hold $7800-$8000 then we can see new high of 2020.
and Our Target will be $12500.
but if break down $7800 Support then we can see $7450-$7550.
This is good Support and Retest area.

so be prepare of both Position guys.

like and share guys