Bitcoin | A Complex Price Development

Bitcoin | A Complex Price Development

Bitcoin is creating a complex scenario for the time being.

As we can see the price is barely moving up but it is also showing
strong support from the lower part of the structure.

Even if the price will lose some bullish momentum the first support area
will be 19750.

A breakdown of the price below 19750 will push the price lower up to 18870

For the bullish scenario, we have two potential price developments.
On the first one, the price may test 19750 and it can increase again up to 21750.
In the second scenario, the price can keep increasing from where it is now and up to 21750

I am focused on the bullish price development as long as the bearish scenario is not confirmed yet.

Thank you and Good Luck!

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Bitcoin |The Bullish movement is going on

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