Based on trends and historical data from the BTC/USD there might be a bullish scenario. But there are almost only bullish scenarios, still we should be open for a bearish continuation, perhaps with a price range around 3500 or a slowly decreasing price over the next days. However, if the bearish trendline is broken, which falls together with the 4000 mark, we could see a bullish continuation, leading to 4200.
At this point it's hard to say because there is not enough data in the chart with a high price volatility.
The short term scenario is long for now, but the long term scenario is still short until the 4000 is broken or the price needs some time to recover.
That could also depend from news from china, that makes it even more difficult say something from the chart. We will observe closely how things develop next days.
At this point it's hard to say because there is not enough data in the chart with a high price volatility.
The short term scenario is long for now, but the long term scenario is still short until the 4000 is broken or the price needs some time to recover.
That could also depend from news from china, that makes it even more difficult say something from the chart. We will observe closely how things develop next days.