The BTC/USD pair is on a sideways market between the Short-term resistance and the Short-term double support.
In the next hours or days the price may touch the nearest double support level at 13,100. The two scenarios are:
Hoping for a price bounce!
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"If past history was all that is needed to play the game of money, the richest people would be librarians." -Warren Buffett
In the next hours or days the price may touch the nearest double support level at 13,100. The two scenarios are:
- A break out down this level: This may indicate further tumbles in the pair, possibly reaching the Long-term support.
- A bounce: The price may bounce and reach the nearest Short-term resistance level at 16,200 or even the next level at 19,700.
Hoping for a price bounce!
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"If past history was all that is needed to play the game of money, the richest people would be librarians." -Warren Buffett