Bitcoin rebounds after support at the 70500 level, observe Monday's range for trading After being blocked at 73500, Bitcoin declined about 3000 points back to the 70500 range However, it did not decline further nor test Monday's high of 69500, instead rebounding at 70500 During Sunday's Asian session, the highest reached 72000, currently back around 71500 CME closing price is at 71300, therefore expected to close in a narrow range of 715-713 before tomorrow morning Monday's price action will be quite critical If Monday tests 73500 again and breaks through effectively, I believe next week will likely continue upward, touching the 78-81 range If CME opens downward after Monday, then the weekend rebound to 72 is likely the high point, with subsequent downside testing around the lowest 66 After Monday's range appears, trading can be conducted based on the range This article is sponsored by #BCGAME｜@bcgame @bcgamecoin
Market Outlook
Bitcoin rebounds after support at the 70500 level, observe Monday's range for trading
After being blocked at 73500, Bitcoin declined about 3000 points back to the 70500 range
However, it did not decline further nor test Monday's high of 69500, instead rebounding at 70500
During Sunday's Asian session, the highest reached 72000, currently back around 71500
CME closing price is at 71300, therefore expected to close in a narrow range of 715-713 before tomorrow morning
Monday's price action will be quite critical
If Monday tests 73500 again and breaks through effectively, I believe next week will likely continue upward, touching the 78-81 range
If CME opens downward after Monday, then the weekend rebound to 72 is likely the high point, with subsequent downside testing around the lowest 66
After Monday's range appears, trading can be conducted based on the range
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin