BTC correction scenario can possibly repeat the May pattern
Hello, Traders!
Let's talk about Bitcoin.
The asset is moving between two zones:
In case if the scenario, which was used by market-makers in May will repeat, the price can test the level of 18800$ collecting stops of buyers and those, willing to short. After that, we might see the annual renewal high above $19860.
At the moment the sentiment in the market is divided into two groups:
As a regular rule, the price goes against the expectations of the crowd, so a sideways movement inside the buyers' and sellers' interest zones is possible.
Bitcoin's flat movement will give way to a liquidity movement to altcoins.
Watch out for the market and leave your feedback below!
Let's talk about Bitcoin.
The asset is moving between two zones:
- $17600-18245 Buyers Interest Zone
- $18800-19420 Sellers Interest Zone
In case if the scenario, which was used by market-makers in May will repeat, the price can test the level of 18800$ collecting stops of buyers and those, willing to short. After that, we might see the annual renewal high above $19860.
At the moment the sentiment in the market is divided into two groups:
- Expecting correction to $12000-15000;
- Expecting the price to lift off to the moon hitting $21,000-24,000.
As a regular rule, the price goes against the expectations of the crowd, so a sideways movement inside the buyers' and sellers' interest zones is possible.
Bitcoin's flat movement will give way to a liquidity movement to altcoins.
Watch out for the market and leave your feedback below!