Bitcoin has experienced a significant decline in the week to touch the price of $90,900 after the breakout of the trendline indicating the trend will change as well as the breakout of support at $95,750 which causes a change in trend from uptrend to downtrend and stops at the Daily resistance level that has been broken out, causing a change in resistance to become new support until the reversal back up by chasing the support that has been broken out at $95. 920, if the price succeeds in breaking out, the price will try to pursue the highest supply / resistance area at $99,000 but if the price fails to break through $95,920, the price will reversal back down to try once again to break new support at $90,900 and if it is broken the price will continue its journey to the next support point at $87,100.
When we have a look on the bitcoin market price and how it has been moving on a pace of retracement, we could figure out more points and facts about the market conditions, we can see the resistance as well as the sentiment from the chart, which also tells that there is a particular range in which when the market reaches there is either a breakout or a sentiment there, this will tell more on how we should expect on the two sides, for the market to go bearish or bullish all withing the range of $90,000 to $99,000 and this is also evident from the market trend if we look more closely on how it have been moving by this same pattern, we may continue in this for the rest of this month before any further breakout or resistance.