The next days of Btc! talking a little ...

Bitcoin prices are traded below the $ 9,000 region as we enter dangerous territory in terms of prices. We have been repeatedly mentioning that the area at around 8800 would probably act as a strong support and also as a line in the arena for bulls and bears. If prices break this region, prices are likely to fall further, but as long as prices are above this area, then we should see that the bulls continue to have control of the market. We believe that the bulls continue to maintain control at this time and that the trend is still bullish, but all that could change in a matter of hours.

Prices below 9000
There has not been any important foundation that has led to the last fall in the BTC markets, but in general it is the general trend in the short term that seems to have been established in recent days, which is causing this weakness and eroding the confidence of the investors The bulls need to position themselves very soon and show who is in control if they want to have more possibilities to move prices upwards because, otherwise, they could easily lose control over time and this would not be good in the medium term.

Ethereum prices have also followed the example of the BTC market and have moved lower, but with the support around the region of $ 700 still far away, the bulls continue to have control. ETH prices are below the area of ​​750 and this should be a concern for bulls in the short and medium term.

Forecast

Looking for the rest of the day, it's going to be a crucial day as we head into the weekend. We will have to closely monitor the price action today and during the weekend and check if the support levels are maintained or give way.