A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.

As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.

We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

Another exclusive analysis for y'all. Remarkable similarity between today and the June 2019 bull run. We might have another leg down first, especially due to covid fears but it's unlikely to go below $8500. After that, the rise will be sharp and swift, blink and you'll miss it

At first the article looks like it's about to do some TA but then it follows that good old path we know too well. It goes like this: bitcoin is looking both bullish and bearish and it can go up above 9000 dollars or down below 8000 dollars...

If you look deeper and into the author's drawings you see that his bullish scenario points to a breakout at 9177 and possibly going back to 10000.
His bearish scenario draws the line at 7600-7800 so even the author thinks that if the price goes down you'll lose about 1500 USD and if we go up you'll maybe make 900 on your investment. Not really a 50:50 scenario for a potential investor.

This might sound funny to some people but there are lot of people in this world that believes Corona virus is fake. ( think like a red pill person ) reference from the movie "The Matrix". I'm really excited to see what you guys think about it 

At present, the price of this currency has increased by 2.17% and may continue its upward trend towards the resistance level of $ 9,500.

Bitcoin prices are rising and the resistance zone has recently broken $ 9300.
The price of the currency reached a new weekly high of $ 9372 and was above the 100-hour simple moving average.
A short-term uptrend channel with a support level of $ 9290 is formed in the hourly chart of the Bitcoin / dollar pair.
The currency remains at the support level and is likely to continue its upward resistance to the $ 9,500 resistance level.

Yesterday we saw a lot of positive signs above the $ 9100 level. Bitcoin began a steady upward trend, breaking prices above the main resistance levels of $ 9250 and $ 9300 and entering the positive territory.

Prices even peaked at $ 9,300 and peaked at a simple 100-hour moving average. A new weekly ceiling was set at around $ 9372, and now the price is adjusting to lower levels. The price fell below the corrective Fibonacci level of 23.6 percent in the upward range of 9178 to 9372 dollars.

Bitcoin's hourly chart appears to be a short-term uptrend with a support level close to $ 9290, and the price is approaching the channel support level at $ 9290.



Key levels of Bitcoin support
If Bitcoin starts its downward correction below the support levels of $ 9292 and $ 9275, it will probably fall to the support level of $ 9245 (the recent broken zone).

The next major support level is around $ 9,180, and if the price falls below that level, Bitcoin is likely to return to the downtrend in the short term.

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*The moving average of convergence and divergence is slowly entering the descending zone.
*The hourly relative strength index is declining to 50.
*The main support levels are $ 9275 and then $ 9180.
*The main resistance levels are $ 9350, $ 9375 and $ 9500.