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BitcoinSymphony
31. Jan. 2018 13:46

Bitcoin is in lateral movement for now 

Bitcoin / Tether USDPoloniex

Beschreibung

Bitcoin declines all try to break the correctional pattern and renew uptrend movement.
Considering that there is a media pressure on the Bitcoin right now, the fast rebound and rally upwards look unrealistic right now.
Nonetheless, the 9150.0 - 1000.0 zone stays as a strong support zone with massive buying power.
The probable scenario is range trading in the 10000.0 - 10800.0 (50% Fibo) channel until bulls will gain back their confidence and push market upwards.
Also, there is a possibility to dive to the 9150.0 lows or even lower just before the rally, as in this way market makers like to take away stop orders from small players.
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