Bitcoin Price Analysis – 05/11/2019

Bitcoin price after the breakout of $8400 level in the end of October and reaching the high of the month above $10200, the price experienced and started November with the fluctuations above $9000 support level with the approximate range of $9000-$9500. Currently, the price is still moving in the diapason below $9500.

Bullish scenario: The $9500 level is still the basic target of buyers. On a global scale, bulls are interested in the $9800-$10400 zone.
Bearish scenario:  Bears are interested to test the $9000 level and in case of this scenario the area of $8700-$7800.
Neutral scenario: Further fluctuations near the control price of the $9000-$9500 area are expected.