The general trend: The largest digital currency in terms of market value in the Bitcoin witnessed a negative change in the general trend, after Bitcoin failed to breach the resistance of $ 10500, to return to the decline below the bullish price channel, with a note that A price summit is lower than the previous summit, in a confirmation indication of a change in trend in the short term, in addition to breaking the moving average 100, and now Bitcoin settles at 9700 dollars levels, within the framework of re-testing the broken price channel, so in the case of Bitcoin failure to settle inside The channel, which is the most likely possibility For now, we will witness further declines to the levels of 8960 then $ 8600.
As for the alternative scenario: In the case of Bitcoin breaching the price channel again, and stability within it, we will return to complete the upside wave, with a retest of the 10,000 levels and then the $ 10500, which previously failed to breach it during trading. This week, and the bullish scenario for the time being, is not likely.
Expected general direction: Downside
Estimated traffic range: 10,000 to 8600
