Bitcoin Price Analysis – 18/11/2019
Bitcoin price started November with the fluctuations above $9000 support level with the approximate range of $9000-$9500. However, the strong support was broken on the 8th of November with the price reaching $8700 level approximately. After a week of fluctuations in this area the price again decreased, reaching the level of about $8400. Currently, it moves slightly above this level.
 
Bullish scenario: The $8800 level is still the basic target of buyers. On a global scale, bulls are interested in the $9100-$9800 zone.
Bearish scenario: Bears are interested to test the $8300 level and in case of this scenario the area of $8000-$7400.
Neutral scenario: Further fluctuations near the control price of the $8300-$8800 area are expected.