BTCUSDT 4H | Bitcoin price overview: Bearish attack
Hello, dear subscribers!
In the last review we considered the Flat in the range $9,200 - $9,600 as a possible pattern of price movements in the coming days. This is what happened.
At the moment, the price has fixed below $9,200, which indicates the beginning of a bearish pattern. The first goal of the formed downtrend is $8,600. If the bears succeed in developing the attack, the next target after $8,600 will be $7,600-$7,800. The market has prepared for strong movements, and during the month it is gradually declining from levels of $10,000 to $9,000. In order to break the bearish scenario, the bulls need to gain a solid base above $9,600 to begin with. Then it will be possible to consider the bull pattern. Until then, bears rule the bitcoin market.
Subscribe to the channel and stay with us!
In the last review we considered the Flat in the range $9,200 - $9,600 as a possible pattern of price movements in the coming days. This is what happened.
At the moment, the price has fixed below $9,200, which indicates the beginning of a bearish pattern. The first goal of the formed downtrend is $8,600. If the bears succeed in developing the attack, the next target after $8,600 will be $7,600-$7,800. The market has prepared for strong movements, and during the month it is gradually declining from levels of $10,000 to $9,000. In order to break the bearish scenario, the bulls need to gain a solid base above $9,600 to begin with. Then it will be possible to consider the bull pattern. Until then, bears rule the bitcoin market.
Subscribe to the channel and stay with us!
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