BTC correction scenario can possibly repeat the May pattern

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Hello, Traders!

Let's talk about Bitcoin.
The asset is moving between two zones:
  • $17600-18245 Buyers Interest Zone
  • $18800-19420 Sellers Interest Zone


In case if the scenario, which was used by market-makers in May will repeat, the price can test the level of 18800$ collecting stops of buyers and those, willing to short. After that, we might see the annual renewal high above $19860.

At the moment the sentiment in the market is divided into two groups:
  • Expecting correction to $12000-15000;
  • Expecting the price to lift off to the moon hitting $21,000-24,000.


As a regular rule, the price goes against the expectations of the crowd, so a sideways movement inside the buyers' and sellers' interest zones is possible.
Bitcoin's flat movement will give way to a liquidity movement to altcoins.

Watch out for the market and leave your feedback below!

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