#Bitcoin Price Analysis – 19/08/2019Bitcoin price started the month with stable growth, crossing $12000 level on the 6th of August. However, then the firm increase stopped, and the price entered a range of approximately $11400-$12200. On the 10th of August the support was broken, and the price after some fluctuations showed a downwards dynamics, reaching the minimum of the month (around $9500). Overall, BTC price showed its biggest weekly decline since November 2018. Currently, the price broken the resistance of $10500 out and is traded above this level.
Bullish scenario: The $10900 level is still the basic target of buyers. On a global scale, bulls are interested in the $11500-$12200 zone.
Bearish scenario: Bears are interested to test the $10000 level and in case of this scenario the area of $9500-$9000.
Neutral scenario: Further fluctuations near the control price of the $10000 -$10900 area are expected.