BTC, Is it short time??
Starting from yesterday BTC has fallen quite a lot. There are two main scenarios of BTC flow.
Now we are at the strong support line, so there's a high potential of BTC, bouncing back above 11000USD.
After bouncing back,
First, it can go down below 10000USD until the 9200~ 9300USD support line.
The second scenario, After bouncing back above 11000USD, breaking the trend line, it could also break the recent highest price 12000USD and go up higher.
So after the bounce, you have to watch carefully with the BTC movement.
Now we are at the strong support line, so there's a high potential of BTC, bouncing back above 11000USD.
After bouncing back,
First, it can go down below 10000USD until the 9200~ 9300USD support line.
The second scenario, After bouncing back above 11000USD, breaking the trend line, it could also break the recent highest price 12000USD and go up higher.
So after the bounce, you have to watch carefully with the BTC movement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.