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12:07 06.07.2019
2019-07-06
Neironix
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Bitcoin Forecast And Analysis For 6th July: Reversal Out Of Sell Area, Price Falling Back To $10,000

Hello everyone, this is a daily review from Liam Webb from CryptoTradingSchoolOnline specially for Neironix.

Bitcoin is falling again, after reversing out of the sell area it entered Wednesday night. With this reversal, it's likely we'll now see price make its way back to the buy area at $10,000, which is the last point the whales bought a large amount of Bitcoin.

At the time of this writing, the bitcoin course was equal to $11288 and the market capitalization was $200 billion.

We have seen a small rise take place from the small blue area I said to watch in yesterday's analysis. I don't think this is the beginning of another big rise, however, it does mean we could see the price spike back into the sell area before it resumes falling back to $10,000.

At the moment, there isn't much to do. If price does rise back into the sell area and then reverse again, we probably won't see it reach $10,000 until late next week. If it starts falling from where it is now, it may hit $10,000 sometime this weekend or early next week.

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