Hello everyone!
In my point of view is BTC facing 3 possible scenarios in the near future, let's get straight into this.
possibility 1
This is the most optimistic option. I'm convinced that if BTC price-range becomes more stable, between ( 8K and 8.9K) for a couple of weeks, that everyone becomes more confident and that we can have a big bull run as result. This bull run can be huge if we pass the first and most important test on 9.9K. I'm confident that we can pass the 9.9K mark if the volume is big enough.
possibility 2
This possibility is the most dangerous one of them all. If a big whale is coming in, big volumes on short term, prices rising with hundreds of dollars in minutes, everyone thinking that the big bull run has started and then... A big downfall because the volume is not big enough, traders confidence is not big enough, a bad article on cointelegraph, no decent support-lines,... I hope that this doesn't happen, because the confidence will go down ones again as will the price.
possibility 3
That's worst case scenario, that's when BTC is going down under the 8K support line, the result will be that BTC value is going down to the same level as in begin April.
Comments are always welcome!
(this is no financial advice)
In my point of view is BTC facing 3 possible scenarios in the near future, let's get straight into this.
possibility 1
This is the most optimistic option. I'm convinced that if BTC price-range becomes more stable, between ( 8K and 8.9K) for a couple of weeks, that everyone becomes more confident and that we can have a big bull run as result. This bull run can be huge if we pass the first and most important test on 9.9K. I'm confident that we can pass the 9.9K mark if the volume is big enough.
possibility 2
This possibility is the most dangerous one of them all. If a big whale is coming in, big volumes on short term, prices rising with hundreds of dollars in minutes, everyone thinking that the big bull run has started and then... A big downfall because the volume is not big enough, traders confidence is not big enough, a bad article on cointelegraph, no decent support-lines,... I hope that this doesn't happen, because the confidence will go down ones again as will the price.
possibility 3
That's worst case scenario, that's when BTC is going down under the 8K support line, the result will be that BTC value is going down to the same level as in begin April.
Comments are always welcome!
(this is no financial advice)
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