as you can see we get stuck in bearish channel with strong support at 8800-8500 zone and a really strong resistance below at 10500 price.
actually i believe bulls are not strong enough to break 2.5 years resistance and i know i know they have been able to climbed 3800$ to 10400$ but at this time we are just at the right position before coronavirus (COVID-19) fundamental exactly BTC Traders call it the Black Thursday!
i think bears are going to break resistance of 8800 to 8500 in few weeks from now and they just seeking for the right time to do.
Of course, we all know that Bitcoin can surprise everyone!
actually i believe bulls are not strong enough to break 2.5 years resistance and i know i know they have been able to climbed 3800$ to 10400$ but at this time we are just at the right position before coronavirus (COVID-19) fundamental exactly BTC Traders call it the Black Thursday!
i think bears are going to break resistance of 8800 to 8500 in few weeks from now and they just seeking for the right time to do.
Of course, we all know that Bitcoin can surprise everyone!
have nice trade :)