Bitcoin Price Analysis - BTC/USDT Bitstamp
The price left the accumulation zone and broke through the lower boundary of the triangle and a strong level of $7000. This trade has been lengthy and now the fall can be deep enough, in the $3000-5000 zone. This battle the bulls lost, but the battle continues.
A strong support zone starts at $4000-5000, and there it is worthwhile to place purchase orders, because psychological people are ready for a price of $6000, and panic sales may start lower, this is what big players are waiting for to drop the weak holders and the cue will pass to strong players . We expect V-shaped turn and increase of volumes, after that it is necessary to increase the position.
At the moment, Bitcoin is trading at around $6584, and you can see a technical rollback, you can sell 10-30% of the asset in the $ 6800-7300 range, in order to increase the bass pool and place below the buy order, thereby making a trade inside the asset and increasing the number of cues.
A strong support zone starts at $4000-5000, and there it is worthwhile to place purchase orders, because psychological people are ready for a price of $6000, and panic sales may start lower, this is what big players are waiting for to drop the weak holders and the cue will pass to strong players . We expect V-shaped turn and increase of volumes, after that it is necessary to increase the position.
At the moment, Bitcoin is trading at around $6584, and you can see a technical rollback, you can sell 10-30% of the asset in the $ 6800-7300 range, in order to increase the bass pool and place below the buy order, thereby making a trade inside the asset and increasing the number of cues.
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