Bitcoin rate on average volumes continues to fall in price. A serious level of resistance for Bitcoin will be the zone: $ 7500 - $ 7400, in which the largest volumes for its sale went through.
The next level of support for the Bitcoin rate is $ 6800.
Priority of the day: BTCUSD sales with a target of $ 6800.
Gann square shows that Bitcoin's rate is in the 0.75 zone, which means that the downtrend is near the end.
Projected scenarios:
1. Sell BTCUSD from $ 7400 to $ 6800. Naturally, we recommend waiting for the rollback upwards, before finding the entry point for a short position on Bitcoin.
2. The Bitcoin rate will smoothly drop from $ 7200 to $ 6800.
An alternative scenario:
The expected bounce of Bitcoin rate upwards, to the zone: $ 7400 - $ 7600, should be soon. The bears are still strong, but the bulls are also hoarding forces for a breakthrough.
The next level of support for the Bitcoin rate is $ 6800.
Priority of the day: BTCUSD sales with a target of $ 6800.
Gann square shows that Bitcoin's rate is in the 0.75 zone, which means that the downtrend is near the end.
Projected scenarios:
1. Sell BTCUSD from $ 7400 to $ 6800. Naturally, we recommend waiting for the rollback upwards, before finding the entry point for a short position on Bitcoin.
2. The Bitcoin rate will smoothly drop from $ 7200 to $ 6800.
An alternative scenario:
The expected bounce of Bitcoin rate upwards, to the zone: $ 7400 - $ 7600, should be soon. The bears are still strong, but the bulls are also hoarding forces for a breakthrough.
The script worked, which we waited for two days: Bitcoin's rate, after the culmination, bounced upwards. The volumes for the purchase of Bitcoin are large enough to confirm the appearance of large players.
The starting point for the growth of Bitcoin rate are the prices: $ 7100 - $ 7000. All our targets for the sale of Bitcoin have been fully worked out.
What to expect next?
We expect a rollback of the Bitcoin rate to the $ 7300 - $ 7200 zone, and we will already look for an entry point for purchase.
The immediate target for the growth rate of Bitcoin is near the level of $ 7700.
So, today we change our priority of the day from Bitcoin's sales to its purchases.