Bitcoin buyers on medium volumes managed to support its rate at the level of $ 7300. But it is too early to talk about final victory of the bulls.
Today is the most unpleasant day for a trader when you need to wait for a better situation. The support zone for bears is about $ 7800 - $ 8000, and for bulls: $ 7500 - $ 7300.
Priority of the day: neutral position on BTCUSD.
What are the downside of the balance phase? The fact that selling Bitcoin is too late, but buying is too early. That's why it is safer to wait for a better situation.
Projected scenarios:
1. Sell BTCUSD from $ 8000 to $ 7300.
2. Buy BTCUSD from $ 7400 to $ 8300.
Alternative scenario:
Even though right now bears run the show, we are well aware of the Bitcoin popularity. Therefore, many investors will find this level of prices acceptable for the Bitcoin purchases. As a result, there may be a struggle between buyers and sellers, in which it is better not to participate, but to enter the market when there is an obvious winner.
Today is the most unpleasant day for a trader when you need to wait for a better situation. The support zone for bears is about $ 7800 - $ 8000, and for bulls: $ 7500 - $ 7300.
Priority of the day: neutral position on BTCUSD.
What are the downside of the balance phase? The fact that selling Bitcoin is too late, but buying is too early. That's why it is safer to wait for a better situation.
Projected scenarios:
1. Sell BTCUSD from $ 8000 to $ 7300.
2. Buy BTCUSD from $ 7400 to $ 8300.
Alternative scenario:
Even though right now bears run the show, we are well aware of the Bitcoin popularity. Therefore, many investors will find this level of prices acceptable for the Bitcoin purchases. As a result, there may be a struggle between buyers and sellers, in which it is better not to participate, but to enter the market when there is an obvious winner.