Printable View
Bitcoin remains around the $3,800 level, however, we have seen more of a push higher overnight. The main fundamental news of note is that Bitcoin transactions are back at 12-month highs. Ultimately if Bitcoin does have any utility to speak of, it is in its functionality for transactions.
Let the price first rise at least two or three times, then it will be possible to say something about the further rise in prices for Bitcoin cryptocurrency, while the pair hardly go to the resistance level 4200 from which the new forecast will be made.
In case of breakdown and closing of prices above this level there will be a rise in prices to the resistance level of 4850.
If prices are kept below the 4200 level, the sideways movement will continue and prices will again be able to fall to the support level of 3700.
BITCOIN Values fell rapidly from above $6000 to nearly $3000, with buyers offering only modest resistance at the key $5000 level.
For the time being, BTC remains in a daily downtrend. Although values have stabilized above $3750, this market must establish itself above $4400 before the current intermediate-term sell-off may be deemed over.
Bitcoin continues to remain trapped between $3,800 and the $4,000 level after two failed attempts to make new highs. There is speculation that the number of shorts are increasing and that wouldn’t be surprising given how we have seen price respond around key resistance. Until we lift $4,000 in any meaningful way, short interest will likely remain strong.
At the moment, we have resistance in the area of 4050-4100. There are two trend lines: local - yellow (pivot points in yellow circles) and global - red (passes through all key minimums of 2018 before the November dump).
There are two options, as usual: either we meet a dinosaur or not - 50/50. Who doubts can take profits and shorts from 4100. I have great reason to believe that we will break through this level and move to an area of 5000.
Word overnight that another crypto exchange, Gatecoin, has bitten the dust. However, the news is now becoming a bit commonplace and we haven’t seen much of a reaction from the story.
Bitcoin continues to remain trapped between $3,800 and the $4,000 level and there has been little movement in the last 24 hours.
je mere bhai bitcoin bht he best curency hai main tu es ka bare main tab se janta hon jab 1 bitcoin 250$ ka tha or bht he kam time main bitcoin ne bht zida tarki ke hai es liye main tu bitcoin ko bht he best manta hon or yeh sab se best payment method hai or main ese ko like krta hon yeh ap trading main bhe best use kr skte hain
Last week there was mixed trading dynamics, but the pair nevertheless approached the level of 4062.50 (Murray 6/8). Judging by the schedule, the continuation of growth seems more preferable. The possible entry point for the purchase is from the level 4110.00, with the target 4240.00, the sale from the point 4020.00, with the targets 3955.00, 3906.25.
After failing to push above $4,000, which is the lower level of a resistance zone, the buyers lost the stamina and the sellers reversed the price back down, hence the bearish gap 3 weeks ago. But, the moving averages that provided resistance on the way up turned into support on the way down.Bitcoin is still bearish. Above $4,200 and Bitcoin turns bullish, at least until $5,000.
For a pair of BTCUSD, I expect growth to 4200, on the H4 chart, growth may intensify as soon as the pair reaches the level of 4200, which causes a surge in purchases, thereby starting an upward movement in the area of 4500, followed by the level of 4700 and finally 5000, while the buyers target is as quickly as possible to get to 5000, as soon the turning point will come. If the goal is not achieved, a decrease is expected.