BITCOIN: Locked within the range

1 nov 2019

I rarely share my thoughts on BTC,
but I receive more and more questions about my forecast on it.

On a daily the price is locked between two levels of structure:
within a 1000$ price range 8700 - 9700.

I believe that the market will be coiling for some period of time within this range
and only the breakout will decide the future market direction.

*though, as always the range can be broken to both sides with almost equal probability,
personally, I am on the bearish side :)