Most Credible Bitcoin's Price Scenario
Kevin Svenson analyzes the recent price movement of Bitcoin. Bitcoin got rejected at the $10,500 resistance levels and has now created a lower low but it's bouncing back from the $9,600 support. This support level is crucial to determine the market sentiment, if it fails a bear market could be in play.
Svenson defines the current market trend as bullish even with small retracements. He expects a sideways consolidation in the upcoming weeks towards the $12,000 and $13,000 levels, a small dump and then onwards to the all-time-high.