# Analysis
# Bitcoin
As you can see in the last 3 days, after falling $ 2150 and 17%, the price reacted very well to the support of 9817 and did not go below that range.
This range is the same as the price floor in the upward channel of Bitcoin in the last 5 months, which can be relied on more.
Fortunately, looking at the daily trading volume and the average recorded in the last 5 days, it is clear that buyer support has been well done and further decline has been prevented, causing the price to close above $ 10,137 in addition to support at $ 9817.
Result :
Whether the market is suffering (in the range of $ 9817 to $ 10517) or starting to recover slowly (the first goal of stabilizing above the Fibonacci 61, which is about $ 10517), one can hope that the situation is stabilizing.
# Bitcoin
As you can see in the last 3 days, after falling $ 2150 and 17%, the price reacted very well to the support of 9817 and did not go below that range.
This range is the same as the price floor in the upward channel of Bitcoin in the last 5 months, which can be relied on more.
Fortunately, looking at the daily trading volume and the average recorded in the last 5 days, it is clear that buyer support has been well done and further decline has been prevented, causing the price to close above $ 10,137 in addition to support at $ 9817.
Result :
Whether the market is suffering (in the range of $ 9817 to $ 10517) or starting to recover slowly (the first goal of stabilizing above the Fibonacci 61, which is about $ 10517), one can hope that the situation is stabilizing.