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.
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.