Bitcoin slowed down its fall. At the moment we see the stopping range: $ 8,600 - $ 8,200. According to our view of the market, the bounce of Bitcoin's price is around the corner.
Priority of the day: keep neutral position on BTCUSD.
It is very difficult to say exactly where Bitcoin will move today at the beginning of Bitcoin rate consolidation. That is why, we recommend our subscribers today to refrain from transactions, to observe the market.
Projected scenarios:
1. BTSUSD is in the flat all day long.
2. The Bitcoin rate can slowly continue its decline from $ 8,600 to $ 8,000.
An alternative scenario:
The Bitcoin rate can grow from $ 8,200 to $ 8,790.
For us, interesting prices for buying Bitcoin are near the level of $ 8000, and for sale - $ 8790.
Priority of the day: keep neutral position on BTCUSD.
It is very difficult to say exactly where Bitcoin will move today at the beginning of Bitcoin rate consolidation. That is why, we recommend our subscribers today to refrain from transactions, to observe the market.
Projected scenarios:
1. BTSUSD is in the flat all day long.
2. The Bitcoin rate can slowly continue its decline from $ 8,600 to $ 8,000.
An alternative scenario:
The Bitcoin rate can grow from $ 8,200 to $ 8,790.
For us, interesting prices for buying Bitcoin are near the level of $ 8000, and for sale - $ 8790.