Hi, Traders ! **Monfex** is on the air !

**Not much has changed for** [**Bitcoin** ](https://www.tradingview.com/symbols/BTCUSD/)**in the short-run. Mid- to long-term outlook remains stable.**


\* We are observing a ‘familiar sight’ over the last couple of weeks: Bitcoin shows low volatility at low volume and in a narrow range.

\* Strongly supported at $9,000, BTC is not expected to drop significantly below this level, while bearish attempts to force the price below $9,000 could be immediately disrupted.

\* The new bullish momentum will be reliably confirmed when the price (daily candle) breaks and closes above $9,500.

\* In this light, our mid-term outlook remains ‘Long’. Hence, buying within the consolidation area is the most proper strategy, so far.

**Active trade signal**

Buy @ $9,000 – $9,400.
Nearest Target: $10,500.
Mid-term Target: $12,000.

**Watch for our Updates to get real-time superior signals!**


*This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.*

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