Bitcoin now testing suppot area $36400/$36500 after bear take control.
We have two scenarios:
Scenario A: Bitcoin loses support in this region and could test $35,500/$35,000 to continue its long-term uptrend.
Scenario B: Bulls take control and could continue to be traded sideways.
Tomorrow we will have important data that will give volatility to Bitcoin....
Bitcoin is still trading within a range between $33,500 and $35,000 after a good rally last week. This week, I will try to take advantage of the range-bound movement, with a target of $35,000, while also keeping an eye on a possible correction to the $30,000-$32,000 range.
And how are your Bitcoin positions this week?
