Bitcoin Price Analysis – 02/12/2019

Bitcoin price experienced the downwards trend in November, declining from about $9500 to $6500 approximately that was the minimum of several months.  Then the growth followed, and the price managed to reach the level of $7800. However, the price did not manage to continue increasing and started decreasing again, breaking out the strong support of $7400. Currently fluctuates below this level.

Bullish scenario: The $7800 level is still the basic target of buyers. On a global scale, bulls are interested in the $8200-$8600 zone.
Bearish scenario: Bears are interested to test the $7000 level and in case of this scenario the area of $6500-$6000.
Neutral scenario: Further fluctuations near the control price of the $7000-$7800 area are expected.