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#Bitcoin Price Analysis - 10/02/2018

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https://ift.tt/2RoVon8 https://ift.tt/eA8V8J#Bitcoin Price Analysis - 10/02/2018
/u/FXm00n

On September 29, the #BTCUSD pair had been range bound. The price is consolidating for a possible breakout in the days ahead. However, the BTC price has failed to break the $6,800 price level in the last month.

*Bullish scenario: Bulls are interested to overcome the low volume level of $6680. Today, they will try to break it through and gain a foothold in the $6750 area. The global target for bulls are the highs ($6840).

*Bearish scenario: Bears will try to break through the trend and test Monday lows. This scenario involves a return to the center of the high volume ($6450) and a possible attack on the September 25 lows ($6300).

*Neutral scenario: Fluctuations in the $6500−6650 range are expected. However, after three days of consolidation, a neutral scenario is not likely today.

submitted by /u/FXm00n
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