After updating the maximum of 13600 USD, traders began to take profit, which led to a very serious surge in volatility in the market, which was observed for a long time. However, the level of 10500 remains very large support, on which much will depend in the medium term.
Signal to buy Bitcoin (BTC):
Buyers will try to do everything to keep bitcoin above the support of 10500, but the intermediate goals will be a return to the resistance of 11680, as well as an update of the maximum of 12500, where I recommend fixing the profits.
Signal to sell Bitcoin (BTC):
Such high volatility cannot be maintained for a long time, and the main task of bitcoin sellers will be to keep the rate below the resistance of 11500, which will cool down the bulls and lead to further downward correction to the area of 10600 and 10200, where I recommend fixing the profits. With growth above 11500, you can sell on a rebound from the level of 12500.
