#Bitcoin Price Analysis - 06/03/2019Bitcoin price was in a strong bull rally in May, starting with about $5200 level and finally crossing the level of $8000, experienced several fluctuations and a sharp increase on May 26, reaching the high of May being even at the level of about $9000 and was slightly moving, ending up with a decrease on May 30 with a further recovery and some fluctuations with the higher peak at the $8800 level approximately and current price moving around $8400.
Bullish scenario: The $8800 level is still the basic target of buyers. On a global scale, bulls are interested in the $8900-$9200 zone.
Bearish scenario: Bears are interested to test the $8200 level and in case of this scenario the area of $8000-$7800.
Neutral scenario: Further fluctuations near the control price of the $8300-$8800 area are expected.