Bitcoin Price Analysis: BTC/USD rises again on defending $7300 crucial support

Bitcoin Price Analysis: BTC/USD rises again on defending $7,300 crucial support

Bitcoin corrects higher on the day after giving several support zones including $7,500 and $7,400. The technical picture starts to improve in support of the ongoing reversal above $7,300. Bitcoin is relatively bullish as the Asian session grinds to a halt. The price action is 0.5% higher on the day while the prevailing volatility is on a shrinking trend.