Last time I wrote about Bitcoin, the price was at around 7,000. As our team was expecting, it managed to bounce back and went up to almost 12,000.
BTCUSD Trading Analysis
Today, we are looking at the Bitcoin price again. What our team is seeing are two options.
Price forms a price action candlestick pattern just below 9500 and then it shoots back up to the 12,000 level.
Price breaks below the 9500 level and continues falling down to the 6,000 area. Then, depending on price action goes higher or breaks even lower.
It is hard to say where price will go. But if you have already taken our professional trading course, you will know what we are looking for to place a trade.
Check out our article on what are the 10 Trading Mistakes crypto traders make.