Can BTC hold the price above the $19,000 mark until the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Bitcoin is outperforming other cryptocurrencies from the top 10 list as the decline over the last week has constituted 1.87%.
On the hourly chart, Bitcoin is trading in the middle of the narrow channel, which means that neither bulls nor bears are controlling the situation. Thus, the CME gap is at the $19,110 level, so traders should not expect sharp moves until the end of the week. On the daily time frame, the situation is still unclear as Bitcoin has not decided yet which way to go. Such a statement is confirmed by the low volatility. In this case, the more likely scenario is continued sideways trading in the range ofThe weekly chart is also not giving us a clear picture of whether Bitcoin is bullish or bearish now. However, the price might have fixed above the crucial $19,000 mark which gives hope for a possible short-term bounce back.
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