Bitcoin Price Analysis 13.04.2018

in bitcoin •  7 years ago  (edited)

Dear friends,recently we've seen an incredible pump in a price of bitcoin. But one could understand that after a pump period, market makers start to take profits. And now we see candlesticks with long shadows and high volume on a 3h timeframe which should be considered  a bearish sign. 

Two possible scenarios:

1.Return to a level of support (7300-7500) (6500-6800)  and another stage of bullish movement (blue)

2. Fast and steady downfall to  the lower border of channel (4500-5500)

Remember that we are still in a downtrend

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