The overall bitcoin market is feeling confident in selling. why we're currently seeing the market go down. We may need to lower the price of addiction and wait for the bitcoin market to turn lower, as shown on the weekly chart.The market in bitcoin actually got rejected around 28,000 dollars and saw the market close on the low of the weekly price.
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As you can see, there wasn't much price movement because it's a dead market.We're just seeing price trades and no one side of the market is actually dominating the other, which means sellers aren't beating out buyers and buyers aren't beating out sellers.
We're just seeing a tradable market. This is like a scalpable market. We're not really seeing the market trending up or down. We're not really seeing anything, but the market is definitely eyeing a certain direction. We're definitely noticing buyers entering the market for bitcoin. We all know buyers could definitely post a bid there around 27,6600 dollars.
I suspect we may see the market go up just a little bit, maybe up to around 500 dollars. We're definitely noticing buyers are controlling this current short-term environment in bitcoin. I'm looking for the price to go down. If you're working out the market, you can see a 3 percent loss.
We're going to go ahead and play some minor strength on the market. We're going to play some strength into the market in bitcoin. This is not a long-term prediction as long as bitcoin trades above 27,000 dollars.
Buyers need to hold I'm not expecting the market to hold 28500 dollars. What we need to focus on is where do you think the buyers' needs are, and do you think they'll be able to hold the price in the market?