What will happen next with BTC?Hello followers hope you are having a fantastic day so far.
We have prepared for you all market breakdown on what is about to happen next.
With BTC we could see a nice pull-down to my 6650 area where we stopped and started consolidating for past few days. So what is about to happen next?
BTC could possibly re-test the major trend-line which is shown on chart and then start melting back to around 6600 area. But if BTC close below 6600 area second scenario will be in-play. Because of late institutional manipulation that we could have seen BTC spiked from around 7700 to 6600 in one week so bearish momentum is in play more, and by that we are focused on these levels. We think that BTC could easily spike to around 5500$ in a 2 weeks, from where we could easily see 4500$ area and spike to around 3500$ area where also sits 200 EMA on weekly. Do not be afraid. We do not think that BTC is dead. Actually we think that spike to around 3500$ area is the best thing, that can happen to BTC, because the major bull-run will happen after that. If we do spike to that area(3500$) we will go straight to 12,000$ in a couple weeks. But if BTC doesnt close below 6600 area there could be possible move to that 12K area. But we think that bear market is not over, because we break that major trend-line which was respected for too many times and BTC used to reversed from there. But not this time.
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