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.
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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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