BTC/USD Currently fluctuating around 9300 After a very low dip around 8300 there’s still a bearish Scenario underlying the current market situation.
After hitting 8300 there has been consistent buying in the Market and people are trying to take out profits now the question is whether it will break the the very important 9850 level… If it breaks upside we may expect a bullish scenario all the way to 12800 or if not we might test the 7666 and 7238 levels which are two extreme levels that are now definitely in play and an area I will not hesitate to add especially with the recently closed position.
In this current situation it is better to wait to enter.
At this time we are just in the wait and hold mode, looking for a good point to add.
