Bitcoin now is on the critical point before choosing one of two possible local scenarios. First of all I want to show you that Bitcoin price formed local zones of Supply (~$53000) and Demand (~$49000). These zones are not the usual support and resistance, they formed buy the increased volume before and after the zone (you can see on the chart).
Now the price is trying to break down the Demand zone. If it is able to do it, we can see the Scenario (2). If the price bounce from here we will probably see the $53000 (Scenario (1)). Remember about CME gap at the $53000.
Bitcoin – two local scenarios
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