Over the past night, buyers by some miracle managed to keep the Bitcoin price level at $8,400 (1) and avoided the acceleration inside the downtrend to the area around $7,800 (4).
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The channel itself is divided into two registers (2) and as we move closely to the upper boundary, any intended purchase can get support and return to a fair price at the level of $9,250 in current accumulation (3).
In general, volumes for sale fall (5) and without a breakdown to the level of $8,400 sales can exhaust their potential.
In this case, we are waiting for consolidation in the range of $8,400-$9,500, which certainly will play in favor of the buyers who will catch a break and have a chance to recover after such an aggressive squall of sales.
Gamza Khanzadaev
Alex Dovbnya
Dan Burgin
Vladislav Sopov