Bitcoin investors are holders and sellers;
Holders which believe, bitcoin has bright prospects and buying
at low prices.Sellers which sell during price spikes.
The reason why bitcoin market’s often move with unjustified volatility.
No one, not you or me, can for sure know where the price will move exactly. You can try using technical analysis, fib. etc.. But that can only go so far. The rest of the equation, is all about human psychology.
Most of analysts, are bearish and wait the wave 5 !! I am bullish from 6k, the low of 2018, and as you see after many attempts to breach the resistance loctated at 8.6k, the price now above 8.6k resistance and keeps stability above it, to confirm the continuation of the bull run to the swing high towards 9300.00 level.
Expected trading for today is between 7600.00 support and 9300.00 resistance
Bitcoin price now is around 8800.00 level and keeps stability above 8600.00 resistance. The trend for today is bullish, supported by a H&S bottom at 6k / 76.40% Fib, which already have held as a floor.
Note, bitcoin price has been tracking equities and commodities, unlike the past when the tends, benefit from safe-haven flows.
Stay Away. Swingy Day. Swing range is between 7900.00 and 9200.00 levels.
Breaching 9300.00 level and hold above it, will push the price towards 10700.00 level.
Breaking 7600.00 level and hold below it, will push the price towards 6800.00 level.
Expected trading for today:
is between 7600.00 support and 9300.00 resistance.
Expected trend for today :
Bullish.
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / Strong Support.
The high of 2018:
25000.00 level.
