Expected trading for today is between 3405.00 support and 4000.00 resistance.
The Trend today is Bearish..
The ups and downs only signifies “volatility”,
meaning it is liable to change rapidly..
Volatility is an opportunity for traders..
For day traders and short-term investors,
volatility presents an opportunity for making profits..
By correctly predicting the short-term trends in Bitcoin,
traders can make substantial profits..
So What Next ..
- Bitcoin fluctuates around 3776.00 level..
- The negative pressure try to push the price of bitcoin,
to visit 3405.00 level ( 50% Fibonacci correction for the rise from 1800.00 to 4980.00).. - Bearish trend scenario is valid for today..
- Breaching 3830.00 level and holding above it will cancel the bearish trend and will lead the price to return to the main bullish trend again.
Expected trading
for today is between 3405.00 support and 4000.00 resistance.
Expected trend for today: Bearish.
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