Analysts suggest three likely scenarios for Bitcoin’s near term price. First, it could recover relatively quickly to $18,000. Second, it could continue its plunge to the next major support area at $13,700. Third, it could range, allowing the derivatives market to stabilize.
On the possibility of a bounce, traders say a bounce past the $17,500 to $17,700 resistance range could aid BTC recovery. “I have the green light to buy $BTC dips if we go back above 17.5k.”
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On the possibility of a bounce, traders say a bounce past the $17,500 to $17,700 resistance range could aid BTC recovery. “I have the green light to buy $BTC dips if we go back above 17.5k.”
Please Like or Follow :)