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Last week, the price of Bitcoin surprisingly rose to nearly 12 000 USD. In [my previous analysis](https://steemit.com/bitcoin/@samotonakatoshi/bitcoin-course-analysis-slowly-upwards), I predicted 11 200 USD, which is not far and few days, the Bitcoin was around this price. Then there was a fall somewhere to today’s 9 300 USD. So far, it does not seem like Bitcoin wants to bounce back up.

<center><img src="https://res.cloudinary.com/hpiynhbhq/image/upload/v1519588580/ixttmykaissjqnkv2jdg.png"></center>


# The market is still in bearish phase, wait with your buy orders
If I consider the last growth from 6 000 USD to 12 000 USD to be coherent, then you can draw a fibonacci retracement and estimate the depth of the drop. The graph may bounce more or less at current prices; another support level is 8200 USD. After the reflection, the attack on the red line will be there and just after exceeding it we can consider that the significant downtrend is over. Irrespective of the number of clues, the current trend has to be considered as bear one ad the danger of further decrease persists.

I recommend you to wait with buying. Leave them for a moment when the red line is overstepped. To this line, the graph can approach in all ways, that is – a slight drop, a movement to the side or even a slight increase. That’s why I do not see any space for speculations. It is not situation for long and short is too risky.

### Sentiment on stock exchanges, interest on lending
OKEX futures votes for long (53%). In the long, about 40% of balances are invested, 22% in short. This situation may eventually result in a short decrease because of closing the long positions, after which we can expect a growth.

Bitfinex – number of longs dropped from 37k BTC to 26k BTC. Number of shorts grew from 9k BTC to 21k BTC.

Interest on dollar loans fell from 0.0371% to 0.0268%. Interest on BTC is around 0.09%.

#### Recommendation: wait for crossing the line


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<i>Disclaimer: These articles cannot be considered as an investment advice, and it is still a good idea to make speculation on bitcoin stock exchanges only with funds you can afford to lose. High profit potential is balanced with a significant risk of losing, especially here on the crypto markets.</i>

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<b>Česky:</b> http://btctip.cz/kurz-bitcoinu-analyza-s-nakupy-jeste-pockejte/