Bears have won in the fight with the bulls on the cryptomarket. Bitcoin rate fell to $ 7500, and found support from buyers near the $ 7600 level. The volumes for Bitcoin purchase are small, so we shouldn't expect the reversal upward in the next few days.
Prices, which would be interesting for joining the bears, are in the zone: $ 8000 - $ 7800.
Priority of the day: sell BTCUSD with a target of $ 7400.
After such a culmination of the Bitcoin rate, a bounce upwards and a balance phase will follow. According to our estimates, Bitcoin will begin to narrow in its favorite "Triangle" figure.
Projected scenarios:
1. Sell BTCUSD from $ 8000 to $ 7400.
2. In the balance phase, we can expect flag for Bitcoin, perhaps for a week.
Alternative scenario:
Let's hope that there will be big buyers of Bitcoin in the zone: $ 7800 - $ 7500. If the volume for the purchase will be large, then it will be profitable to purchase Bitcoin, and earn on a long position.
Prices, which would be interesting for joining the bears, are in the zone: $ 8000 - $ 7800.
Priority of the day: sell BTCUSD with a target of $ 7400.
After such a culmination of the Bitcoin rate, a bounce upwards and a balance phase will follow. According to our estimates, Bitcoin will begin to narrow in its favorite "Triangle" figure.
Projected scenarios:
1. Sell BTCUSD from $ 8000 to $ 7400.
2. In the balance phase, we can expect flag for Bitcoin, perhaps for a week.
Alternative scenario:
Let's hope that there will be big buyers of Bitcoin in the zone: $ 7800 - $ 7500. If the volume for the purchase will be large, then it will be profitable to purchase Bitcoin, and earn on a long position.