#Bitcoin Price Analysis – 16/09/2019

Bitcoin price started the month with an abrupt increase breaking a strong level of $10400 and then reaching even $10900 level on the 6th of September. The same day the price experienced a significant drop to about $10200. After that the price entered a zone below $10000, indicating a pressure of sellers. On the 11th of September, the price started to recover and then entered a range of $10200-$10450.

Bullish scenario: The $10450 level is still the basic target of buyers. On a global scale, bulls are interested in the $10600-$11000 zone.
Bearish scenario:  Bears are interested to test the $9950 level and in case of this scenario the area of $9400-$9000.
Neutral scenario: Further fluctuations near the control price of the $10200-$10450 area are expected.