Hello friends! This is an update of a previous observation on the volatility of Bitcoin ( BTC ) on Mondays. I've highlighted the previous events which lead to this conclusion on the previous chart, which is linked below.
The price got rejected at the previously mentioned resistance at 9200.00. We see a strong reaction from the bears, attacking the market with a $600 decline in minutes. We can also see a bearish divergence. I'm expecting the selling to continue once the other market participants see what happened. We usually have a lot of buy-volume on mondays. That's when i expect the price to be at a good buy-zone for resuming the uptrend (8200.00 area).