Topic: Bitcoin Lost $9,300, Bearish Re-test In Play? - page 2. (Read 311 times)
In the long term, we are still a bullish trend, but we are in the bearish trend in a short time. The market is still unpredictable right now because today, we see the price is at $9k, but this hour, the price is back to $9,100. That makes us analyze deeper and try to search for another sign from another indicator. We can also search for other news to find what is happening with the bitcoin price, so we can determine what step we need to do. In these situations, we still need to be careful to decide to trade or not, and if you think that the price will go down for a while, you don't have to try to enter the market, but waiting for a while.
We are green today, but I don't see any FUD though, it's just that traders are cashing it out and waiting how the market will play. We are still above $9k, indication that we are neither bullish or bearish. We are in the boredom phase, Lol, unless there is break out run this July that will make the market very lively, so let's wait and see.
I dont think we can predict what possible movement the market can bring us. The bitcoin price ranges from 8.8k to 9.3k and keeps on rallying on these particular level. I dont know but whales maybe are too busy annoying the market and not letting it break any resistance at the moment. Better to stick on holding than relying on many predictions about its price.
Fundamentally we are still bullish but its being threatened by massive fuds lately.
Fundamentally we are still bullish but its being threatened by massive fuds lately.
$9,300 has been a critical level on the chart going all the way back to June 2019 and Bitcoin just lost it and put in a bearish re-test. Unless it is regained quickly I'm expecting the range lows to come into play.
Full analysis of Bitcoin price action here: https://www.cryptoadvocate.net/post/btc-eth-technical-analysis-28-06-20
Full analysis of Bitcoin price action here: https://www.cryptoadvocate.net/post/btc-eth-technical-analysis-28-06-20
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