Just few weeks ago we had price of Bitcoin moving extremely, the volatility is welcomed, but when extreme it is not good for anyone.
Since, in the last two weeks we have stabilization over this market, and maybe crypto currencies markets like a whole. Many speculative investors have decided to stay on the side or pause in investing, while is too risky with all the speculations that come out regarding regulation of cryptos, bankruptcy and problems in crypto exchanges.

Albeit I reckon this is just a small period of the crypto currency markets taking breath, and for which afterwards we may see again big moves like previously, and I hope you are prepared for that.

Regarding the current situation Bitcoin price is stuck in the 6800-7800 range, needs breakout in order to be able to escape and gain on the more higher volatility that was common for the market. At the moment of writing the Bitcoin price pivots around the support at $6820, exactly $6760, and if the support does not hold we look at price $6100 or even $5800 before reversing to the upside again. Be cautious and good luck.

https://www.tradingview.com/chart/BTCUSD/PEw86fHV-Bitcoin-s-low-volatility-surprises-poised-to-revisit-6000/

Risk warning!
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.

Author: Blagoja Pazarkoski, mCMI. Owner and Mentor at The Trade Academy.