Good morning steemians friends. as you know bitcoin continued to move sideways for most of yesterday; Meanwhile, the market consolidates in view of the subsequent movement. Investors and traders are still uncertain about the future direction and, until it is clear about it, it will be difficult to attract them, which is why for a couple of days now the trading appears uncertain and unstable. Looking ahead, I believe that this situation should persist in the short term by extending a climate of uncertainty and risk.
The market has been pushed down by decisions taken by the Japanese regulators and the SEC, but there is still no certainty as to what the answer should be. Although decisions of this kind are not new and are in line with what has been seen in recent months, the market and investors are rather afraid of falling prices and the fact that the BTC has not managed to exceed the region of $ 12,000 has contributed to food uncertainty and risk perception. Therefore, unless investors contribute large amounts, at this stage they prefer not to commit themselves. In this same period the Ethereum has remained under pressure but is still supported by the support region around $ 680, although it seems increasingly under pressure for a prolonged time and this exposes traders at risk and uncertainty. We'll see how long it will be able to resist the level of support.
PREDICTION
In the rest of the day I predictt consolidation with a bearish bias, with the market still not confident about the possibility of resuming the advance at full capacity; this should keep prices close to the lows of the oscillation range.
We'll see,
@Musclenerd ;)