BTC/USD. Another 3-4 days the market will be indecisive.

Hello, gentlemen..

So, now all the attention of traders is focused on the main currency pair - BTC/USD. The question is whether there will be a short-term growth of bitcoin or its price will fall without this growth. The price of this question is the behavior of altcoins at this point. If the growth takes place, and the price of altcoins will rise. Therefore, it is also important to know how long this growth attempt will take.

On the chart it looks like this:

Exchange "BINANCE", timeframe 1 day.

(1, 2) - main support and resistance lines
(3) - the limit of possible growth
(4) - local support line

If you look closely at the chart, you will see that the answer to this question we will get in 3-4 days. It's all about the local support line (4). There is a possibility that the BTC price will push from this line up (option b). In this case, the growth will be limited to line level (3) $ 4000+/-. Based on experience, we can assume that this race will continue 1-2 days. This is followed by a drop to the level of $ 3600.. Accordingly, for the growth of altcoins will also appear 1-2 days.

Option (a) assumes price fall without growth, immediately after the price touches the local support line(4). The initial drop level is also $ 3600. Time for growth, altcoins in this case will not.

But all agree that in the end the fall in the price BTC is inevitable

Good luck!

The @upvoteinvest team

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