Expected scenario: The largest digital currency in terms of market value (Bitcoin) witnessed a price collapse during the past few hours, where it opened trading today at 7900 dollars, to record 6000 dollars before the start of American trading on Thursday, and looking at the frame Broader (weekly), we will find that the region of 6000 dollars constitutes support represented in the presence of strong demand areas, so we are expected to see strong rebounds from that region in the medium and short term, and in the case of stability above the levels of 6000 dollars and weekly closings, we will witness Highs, targeting levels of 10200 dollars, then 14000 dollars.

As for the alternative scenario: In the case of the weekly price closure, the lowest levels of 6000 dollars, we will witness further declines, up to the levels of 3500 dollars, (and that in the medium term), although the scenario of decline in the current time , Especially in light of the sudden decline today, and the stops stopped at psychological support 6000, taking into account the continued flow of liquidity index to rise, despite the current declines, the downside scenario is the least likely at the present time.

Expected trend is bullish (in case of weekly closing above $ 6000).

Estimated traffic range: $ 6000 to $ 10,000 over the medium term (two weeks to a month)