Hi fellow Steemians, it has been some days since my last post. In the previous post, I have shared about the possibility of Bitcoin to reach lower range, and it did happen. I do not like it, but we have to face a truth that BTC is on the way to achieve a lower point.
Drawing out two resistance and support lines from previous value zone, Bitcoin is now trading around $7000, which was in the middle of the Support and Resistance zone. In my opinion, it is quite difficult to predict the market from that price point.
I would go with a possibility that Bitcoin may recover to the Resistance area at $7400, then we will need some candles to confirm the next moment.
I'm in bearish in short-term.
