Hey Guys,
Bitcoin is currently ranging between the support of 9,023k to 9,450k as new supports are gradually being established on the short while we are currently traveling with bears. However, we must keep in mind that the weekend is upon us and volume will not expand our price in a positive direction unless some potential news pumps an ALT and triggers some buy walls for BTC as many remain in cash for now. In addition, we will continue to bounce between these levels over the weekend with a possible scenario for price play as investors (Whales) establish leading contracts moving into the first of the week. So we might see a little action Sunday, but for the overnight, the UTC folks might come in a collect some profit. Many are on the sidelines now and we are all wondering the same thing, "when should we act and slide back in?" This is hard to say because everyone is so hesitant right now on pulling a trigger.. I think the market is unsafe right now and would never implore others to make moves that could hurt us even more. I don't think the big investors are really thinking all of this through. They're losing a lot of peoples faith in the overall crypto world because of the heavy manipulation. Stay safe for now and let's see what happens over the weekend.
Thanks,
Bitcoin is currently ranging between the support of 9,023k to 9,450k as new supports are gradually being established on the short while we are currently traveling with bears. However, we must keep in mind that the weekend is upon us and volume will not expand our price in a positive direction unless some potential news pumps an ALT and triggers some buy walls for BTC as many remain in cash for now. In addition, we will continue to bounce between these levels over the weekend with a possible scenario for price play as investors (Whales) establish leading contracts moving into the first of the week. So we might see a little action Sunday, but for the overnight, the UTC folks might come in a collect some profit. Many are on the sidelines now and we are all wondering the same thing, "when should we act and slide back in?" This is hard to say because everyone is so hesitant right now on pulling a trigger.. I think the market is unsafe right now and would never implore others to make moves that could hurt us even more. I don't think the big investors are really thinking all of this through. They're losing a lot of peoples faith in the overall crypto world because of the heavy manipulation. Stay safe for now and let's see what happens over the weekend.
Thanks,