What To Expect From Bitcoin Now?

In the last idea I've written about the powerful resistance at $5635 - $5665 and give an assumption that if the price falls under $5480 and keeps hold below - $BTC would fall further. That's what happened. No doubt, FUD with Bitfinex played its role too. At the current moment, the price has broken even the ascending support and at the moment our main support is located at $5000-$5060.

Well, what do I expect? At the moment we have two strong levels: the support at $5000 - $5060 and the resistance at $5380 - $5410. The range between them will be the next trade corridor. So, firstly I expect to see some upward movements to the mentioned resistance. In case the price breaks this resistance - the price will continue going upward and face the next resistance at $5490 - $5530. In case $BTC is not able to break through the $5380 - $5410 resistance - the price will come back to the major support level (±$5000). So, if the price falls below the red triangle - we can confidently open a SHORT and wait for huge outcomes.

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