Bullish and Bearish Bitcoin Price Scenarios Outlined by Trader

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The Bitcoin price has found support above $7100 and might initiate an upward move towards the range high. The long-term outlook, however, remains bearish. The Bitcoin price has been gradually decreasing since reaching a high of $7750 on December 9. This has occurred despite a string of positive news. Firstly, BitMEX, the largest cryptocurrency derivatives trading platform, announced
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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