Pivot Point: 46000
The expected scenario: Entering short deals at the lowest levels of $46000, targeting the 39800 levels.
Alternative scenario: entering into buying deals at the highest levels of $46000, targeting the 53000 levels in the short term.
Commentary: The digital currency, Bitcoin, witnessed a change in the general bullish trend, after the bullish price channel was broken, during last week's trading, to fail to consolidate above the $46000 levels, in addition to breaking the moving averages ( 50-100), in a confirming sign of more declines in the short term.
