Based on the analysis of market impulses, we may state that the wave of the last impulse ended and brought the price of Bitcoin to the level of 9834. This level tried to be forced on large volumes, but the bears “persistently hold their position”. After the retest, there is a rebound and decline in trading volumes. This situation may turn out to be the beginning of the downward movement after the distribution stage under the indicated level.
In the short term, there are two nearest targets:
1st - Level 9450
2nd - Level 9365
Continued development of the situation will be covered in our next publications. Do not miss!
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