Bitcoin Price Prediction: BTC Forecast Analysis

Welcome to BitcoinExchangeGuide.com's Live, Real-Time Bitcoin Price Prediction overview. The daily BTC price analysis, chart forecasts and industry insights come in a 2-part guide.

BTC Analysis ForecastsBelow you will first find all of the top cryptocurrency experts who have predicted a bitcoin price to see how each individual stands and ultimately if their futuristic forecasts come to fruition. After a thorough all in one recap, below you will see all of our past and present BTC predictions to compare and contrast our bitcoin price analysis with the historical market data.

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Bitcoin Price Predictions: Top Analysts Predict Where Bitcoin Will Be in 1, 2, 5, 10, or 20 Years

Contents

bitcoin price predictionsEveryone has a different idea of where bitcoin will go next. Some people believe bitcoin will be worth $0 in the near future. Others think it will be worth $1 million – or even more. Nobody knows where bitcoin is going to go next. Ten years ago, few people thought bitcoin was going to be worth more than a few pennies.

So where is bitcoin going next? Where will bitcoin be at the end of 2019? Where will bitcoin be in 2020? 2025? 2050? Everyone has different opinions. Today, we’re summing up the most popular bitcoin price predictions from across the crypto and financial world.

John McAfee: $1 Million

John McAfee predicts that bitcoin will be worth $1 million by the end of 2020. McAfee has a history of making outlandish predictions that occasionally turn out to be true, although this prediction seems particularly outlandish. In 2017, for example, McAfee claimed bitcoin would be worth $5,000 by the end of 2017. It peaked near $20,000 that year.

John McAfee also has skin in the game. In mid-2017, McAfee boldly announced that he would, “Eat his own dick on national television if bitcoin doesn’t reach $500,000 by 2020.” Yikes. By November 2017, with the price of bitcoins surging to unprecedented heights, McAfee doubled his prediction, claiming once again that he would “Eat his dick on national television” if the price of bitcoin did not reach $1 million by the end of 2020.

We have until the end of 2020 to determine if John McAfee is correct. However, bitcoin certainly has a long way to go to reach the $1 million mark in less than two years. McAfee might want to start booking a national television timeslot now – although he might have trouble finding a network willing to feature him performing the unspeakable act.

Jack Dorsey: Bitcoin Will Become the World’s Single International Currency

Jack Dorsey, the co-founder of Twitter, has previously been outspoken about his price predictions for bitcoin. Dorsey has a major stake in bitcoin and seems to own quite a bit of it. He’s also an investor in Lightning Labs, the company behind the Lightning Network for BTC, investing $2.5 million in seed capital into the company in March 2018.

Dorsey is extremely bullish on bitcoin in the long-term, claiming that it will ultimately become the world’s single currency. Dorsey believes this transition could happen “probably over ten years, but it could go faster.” Dorsey has added that bitcoin does not currently have the technological capabilities to be used as a currency: it needs more speed and scalability, for example. However, he expects new technologies – including the Lightning Network – to enhance bitcoin’s usability over time.

Dorsey hasn’t issued a specific price point for bitcoin in terms of where he expects the currency to be.

Chamath Palihapitiya: $100,000 to $1 Million

Former Facebook employee turned venture capitalist Chamath Palihapitiya predicts that bitcoin will be worth $1 million by 2037. While other crypto evangelists are giving near-term price predictions, Palihapitiya’s prediction goes 20 years into the future.

Palihapitiya was born in Sri Lanka and raised in Canada. Today, he’s a co-owner of the Golden State Warriors and founder of Social Capital, a venture capital firm with more than $1.2 billion under management. Palihapitiya bought his first bitcoin back in 2020. At the time, Palihapitiya claimed to own approximately 5% of all bitcoins in circulation.

It’s not clear how much bitcoin Palihapitiya owns today. If he owned nearly 5% of bitcoin in circulation back in 2012, for example, then it’s possible that Palihapitiya owns anywhere between 400,000 and 1 million bitcoin today, depending on how much he has sold or purchased over time. That would make him very easily a crypto billionaire.

Palihapitiya recently provided a nearer-term price prediction, claiming that bitcoin will be worth, “$100,000 a coin probably in the next three to four years.” In the distant future, however, bitcoin will be worth one million dollars per coin: “And I think it is in the next 20 years a million dollars a coin.”

Palihapitiya has a history of making accurate price predictions. In September 2013, when BTC was trading at $135 per coin, Palihapitiya tweeted that BTC would be worth $200 by the end of the year. BTC eventually reached the $1,000 mark for the first time just two months later.

Why is Palihapitiya so bullish on bitcoin? He claims bitcoin is a “fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly.”

Roger Ver: $250,000

Roger Ver is one of the best-known evangelists in the crypto space. Seen as a controversial figure by some, Roger Ver bought a bunch of bitcoin in early 2011 when it was priced at under $10. He claims he recognized the potential of bitcoin from the early days.

Ver has a history of making bold price bets. In 2011, he bet $10,000 that bitcoin would outperform gold, silver, the U.S. stock market, and the U.S. Dollar by a factor of 100 within the next two years. Ver was just slightly off on his price prediction, missing the mark by two months. Bitcoin beat the markets by a factor of 100 within 2 years and 2 months of Ver’s bold price prediction.

As for more recent price predictions, Ver predicted in 2015 that bitcoin could “easily be worth $2,500, or $25,000 per bitcoin, or even $250,000 per bitcoin.” At the time, bitcoin was trading at $250.

It’s also important to note that Ver believes Bitcoin Cash (BCH) is the true version of bitcoin today because it matches the project he started following in 2011. He believes BCH will eventually surpass BTC in price, number of users, and market cap, although that obviously has not happened yet. Today, Ver seems to be moving forward with the assumption that BCH will eventually reach a price of $250,000.

Tim Draper: $250,000

Venture capitalist and bitcoin evangelist Tim Draper tweeted in April 2018 that bitcoin would be worth $250,000 by 2022. As one of the most ardent bitcoin supporters in Silicon Valley, Draper has been bullish on bitcoin for years. In 2014, for example, Draper predicted that bitcoin would be worth $10,000 within four years, despite the fact that bitcoin was trading for just $472 at the time.

Draper also made one of the smartest public investments in bitcoin history, buying 30,000 BTC during the Silk Road auction in 2014. At the time, 30,000 BTC would have been worth around $20 million. At its peak, those BTC would have been worth as much as $500 million. Smart buy.

Draper’s “250,000 by 2022” prediction is so renowned, by the way, that he hung a large banner outside Draper University in downtown San Francisco announcing the prediction.

Tom Lee: $91,000

Tom Lee, an analyst at Fundstrat, has predicted that bitcoin will reach $91,000 by 2020. Lee made the unusually-specific prediction in March 2018 after analyzing the performance of past dips. Essentially, Lee argued that bitcoin rebounds after market dips.

Lee has made numerous price predictions over the years. In July 2017, Lee claimed that bitcoin would hit $55,000 by 2022, for example. In January 2018, Lee claimed BTC would be worth $25,000 by the end of the year. With bitcoin ending the year below $4,000, Lee’s final price prediction was incorrect. His price predictions for 2022, however, remain undecided.

Wences Casares: $1 Million

If you’re a bitcoin bull, then you just love reading these optimistic $1 million price predictions. Wences Casares chimed in with his own $1 million bitcoin price prediction in January 2018, when bitcoin was near its peak value. Specifically, Casares claimed that bitcoin would be worth $1 million by 2027.

Casares is an Argentinian tech entrepreneur who launched Argentina’s first ISP back in 1994. More recently, he has served as a board member at PayPal. He’s also the founder and CEO of bitcoin wallet startup Xapo, which aims to become the world’s largest bitcoin custodian.

Casares purchased his first bitcoin in 2011 while searching for a way to stay insulated from Argentina’s volatile national currency. As the Argentinian Peso has tanked over the years, Casares usage of bitcoin as a hedge against inflation is looking increasingly wise.

In any case, Casares has publicly stated that he believes bitcoin is going to be worth $1 million:

“If it fails, it will be worthless,” he said in May 2017. “If it succeeds, in five to seven years it [one bitcoin] will be worth more than a million dollars.”

Casares repeated the prediction during a January 2018 interview with Dan Schulman, CEO of PayPal. The two agreed that bitcoin could eventually be worth $1 million. Schulman added that once bitcoin reached a price of $1 million, investors will be kicking themselves for not buying when bitcoin was $14,000 to $20,000.

Tai Lopez: $60,000 to $1 Million

Tai Lopez got into bitcoin later than virtually anyone else on this list, reportedly purchasing his first bitcoin in December 2017 when bitcoin was at its all time high. It’s unclear exactly how much bitcoin Tai Lopez owns, or how much he paid for that bitcoin. However, anyone who bought bitcoin in December 2017 has lost a considerable amount of money to-date.

Tai Lopez, who is best-known for his YouTube videos, his ‘Lamborghini in my garage’ commercials, and his book club, has made several specific price predictions for bitcoin.

“If the world’s millionaires allocate merely 1 percent of their holdings into bitcoin, the bitcoin price could reach $60,000 in the mid-term,” explains Lopez.

In other videos, Lopez upgrades that price prediction even further, claiming that bitcoin will be worth $1 million by 2024.

Cameron and Tyler Winklevoss: $120,000 to $160,000

Cameron and Tyler Winklevoss rose to prominence after being involved with Mark Zuckerberg during the early days of Facebook, eventually reaching a $65 million settlement in a controversy featured prominently in The Social Network. After their involvement with Facebook, however, Cameron and Tyler Winklevoss got into cryptocurrency in a major way, launching their own crypto exchange called Gemini. In 2013, the Winklevoss twins claimed to own more than 1% of all bitcoin in existence, amounting to more than $1 billion at the time (and considerably more today).

Moving forward, the Winklevoss twins claim bitcoin has significantly more room to grow. In a CNBC interview from mid-2018, the twins argued that the total market cap of bitcoin could reach as high as $6.8 trillion:

“If you look at a $100 billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7 trillion market. And so a lot of people are starting to see that, they recognize the store of value properties. So we think regardless of the price moves in the last few weeks, it’s still a very underappreciated asset.”

When asked how long it would take bitcoin to grow 30 to 40 times its current value, the Winklevoss twins claimed it would take 10 to 20 years. In other words, the Winklevoss twins believe bitcoin will reach a price of $120,000 to $160,000 by 2028 to 2038.

Joe Davis: $0

Most of the analysts featured on this list are optimistic for the future of bitcoin, with estimates ranging from $5,000 to $1 million. It’s always good to show both sides of the spectrum, however, and that’s why we’re highlighting Joe Davis’s price prediction of $0.

“As for bitcoin the currency? I see a decent probability that its price goes to zero,” explained economist Joe Davis in an opinion piece written in May 2018. Davis is a senior economist at the Vanguard Group, the $5 trillion investment fund and the largest mutual fund provider in the world. Some of the problems Davis has with bitcoin include its lack of usability and its poor function as a store of value. During times of crisis, Davis believes investors will flock towards tried-and-true assets as a store of value – not unproven stores of value like bitcoin.

Bill Gates: $0

Bill Gates also seems to predict that bitcoin will go to $0. Gates has always been a noted critic of bitcoin. He even trashed the world’s largest digital currency after he received bitcoin as a birthday present several years ago.

“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment… I agree I would short it if there was an easy way to do it.”

Bill Gates hasn’t specifically said that the price of bitcoin will drop to $0. However, he clearly sees no real future for bitcoin as an asset and seems to believe it will become value-less in the near future.

Fran Strajnar: $200,000

Fran Strajnar has one of the more immediate price predictions on this list. Strajnar claims that we’ll see bitcoin priced at $200,000 by the end of 2019 – which is bold given that bitcoin has hovered between $3,500 and $4,000 for most of 2019 to-date.

Why is Strajnar, the CEO of crypto media platform Brave New Coin, so optimistic? Here’s how he explained it:

“The adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see $200,000 per Bitcoin by 1st January 2020 at the latest. Hashrates, number of wallets, apps, dapps … all that infrastructure is just steadily increasing, so adoption is most definitely happening and a lot easier to quantify, so we’re fairly confident with the fundamentals of Bitcoin, and we’re questioning a lot of the fundamentals of the [initial coin offerings].”

Strajnar believes strong infrastructure and fundamentals will lead to a skyrocketing price of bitcoin by the end of 2020. Strajnar previously predicted that bitcoin would be worth $20,000 by 2020, when it actually reached that mark three years sooner, in December 2017.

Kay Van-Petersen: $100,000

Kay Van-Petersen is a financial analyst at Saxo Bank Group with over a decade of financial market trading and analysis experience. Today, he specializes in crypto analysis, and he believes bitcoin will be worth $100,000 by 2028.

Van-Petersen is confident that the crypto market will explode over the next decade. He believes crypto will eventually account for 10% of all daily currency trading volume, competing with fiat currencies as a dominant global currency. Unblock.net did the math on this prediction. Today, $5 trillion of fiat currency is traded daily. If bitcoin captures 10% of that volume, and accounts for about 35% of the crypto market share, then bitcoin will have $175 billion of trading volume. Dividing by the number of bitcoins issued by 2028, which will be 17 million, leads to a valuation of $100,000 per coin.

Van-Petersen’s employer, Saxo Bank, has a history of making accurate price predictions. Saxo Bank predicted that bitcoin would hit the $2,000 mark in 2017. By the end of the year, bitcoin was worth $20,000.

Unlike other price predictions on this list, it’s refreshing to see Kay Van-Petersen’s price prediction backed by concrete financial analysis – not random numbers chosen for arbitrary reasons.

Kenneth Rogoff: $100

Kenneth Rogoff was asked where he sees bitcoin in 10 years. He believes it’s more likely to be worth $100 than anything else:

“I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now… I would see $100 as being a lot more likely than $100,000 ten years from now.”

Rogoff is the former head of the International Monetary Fund and a current Harvard University professor. One of the main reasons Rogoff sees a problem with bitcoin is because of its limited utility:

“Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small.”

Michael Novogratz: $3,000 to $6,000

Former Goldman Sachs partner and hedge fund manager Michael Novogratz has kept himself in bitcoin headlines regularly with his bold price predictions. Novogratz has left his traditional Wall Street positions behind to focus on bitcoin full time. He is no longer a hedge fund manager at Fortress Investment Group, but is now the CEO of crypto investment firm Galaxy Investment Partners.

Unfortunately, Novogratz’s recent price predictions have been largely inaccurate. Novogratz predicted that bitcoin would be worth $40,000 to $50,000 by the end of 2018, for example. Bitcoin ended the year under $4,000.

In mid-December 2018, Novogratz revised his position, claiming that BTC’s price would not sink any further, hovering somewhere between $3,000 and $6,000. So far, Novogratz has been proven right.

Where does Novogratz see crypto going next? Novogratz claims by Q1 or Q2 2019, we’ll start to see institutions entering the crypto space, encouraging prices to move upward to new highs.

Novogratz’s investment firm, meanwhile, lost $136 million in the first three quarters of 2018.

Max Keiser: $100,000

Max Keiser, a partner at Heisenberg Capital, has made several price predictions on Twitter. In 2017, as bitcoin prices were rising rapidly, Keiser predicted that bitcoin would surpass the $17,000 mark by December – something that ultimately came true as bitcoin reached its all time high of $20,000 that month.

However, Keiser missed on a separate prediction, claiming that bitcoin prices would continue rising to $100,000 in 2018 before plummeting back to $28,000 in a market correction. Neither of those predictions became true, obviously, and Keiser has not made a new price prediction since.

Vinny Lingham: $100,000 to $1 Million

Vinny Lingham, co-founder of Civic and member of the Bitcoin Foundation, believes bitcoin could be worth anywhere from $100,000 to $1 million:

“Bitcoin currently is priced at 2.5% chance of being worth $100k of .25% chance of being worth $1m,” wrote Vinny Lingham on Twitter all the way back in June 2017.

Lingham added that bitcoin “can never go to a penny,” and claims it will always be worth something. However, it’s not totally clear what Lingham meant by his prediction. Did he mean that bitcoin has a 2.5% chance of shooting for the moon and breaking $100k? Or does he mean that bitcoin has a 97.5% chance of being worth somewhere between $0.01 and $100k?

MasterLuc: $40,000 to $110,000

MasterLuc is an anonymous bitcoin trader known for making some surprisingly accurate predictions. He rose to fame within the online crypto community in 2013 after predicting the bull runs in both April and November of that year. MasterLuc also predicted the eventual bear market after that historic bull run, claiming that the next time to buy bitcoin would be 2016-2017.

In May 2015, MasterLuc added to his legend even further, claiming that another bitcoin bubble would likely occur around May 2017. That prediction, of course, would turn out to be almost exactly accurate, as bitcoin would begin its legendary bull run in March 2017.

Where does MasterLuc believe bitcoin will go next? In 2018, MasterLuc issued a prediction on TradingView claiming that the next bitcoin bubble would see prices ranging from $40,000 to $110,000. He believes the bubble will occur in 2019:

“So taking into account that correlations [between 2013 and 2017] I announce drammatical [sic] price rise from approximately $40,000 USD in quick and pessimistic version to more than $100,000 USD and prolonged optimistic version.”

Trace Mayer: $21,600

Typically, bitcoin price analysts don’t predict the price of bitcoin down to the dollar. Trace Mayer, however, differentiated himself from the pack when he predicted in October 2017 that bitcoin would reach a high of $27,395 by February 2018. That prediction, of course, was completely incorrect, as the price of bitcoin collapsed soon after.

In September 2018, Trace Mayer issued a new bitcoin price prediction, claiming that bitcoin would hit $3,000 within the coming months, citing analysis provided by his Mayer Multiple figure. Mayer’s system predicts that bitcoin could reach a high of $21,600 by the end of 2019, which would be a new all time high for the cryptocurrency.

John Pfeffer: $700,000

John Pfeffer believes that bitcoin could eventually reach a $700,000 when it comes the preferred store of value over gold:

“Bitcoin is the first viable candidate to replace gold the world has ever seen. So, if bitcoin becomes the dominant non-sovereign store of value, it could be the new gold, or new reserve currency,” explained Pfeffer.

Pfeffer claims that as bitcoin replaces gold as a store of value, it could reach a price of $90,000 in the near future, eventually rising to $700,000 as its usage becomes more common. However, Pfeffer added a word of caution to his price prediction, claiming that there’s an 8% chance of BTC reaching $90,000 and a 1% chance of it reaching $700,000.

Spencer Bogart: $3,500 to $50,000

Spencer Bogart, a partner at Blockchain Capital and a Chartered Financial Analyst (CFA) is widely praised across the crypto industry for his thorough analysis. He’s a regular speaker at industry events and crypto startup functions. He’s also one of the most active bitcoin analysts on Wall Street. In 2018, Bogart predicated that the price of bitcoin would rise to $50,000 by the end of the year, fueled by the entry of new institutions into the space.

Obviously, with bitcoin below $4,000 at the end of 2018, Bogart’s prediction turned out to be incorrect. Bogart also called the bottom of the bitcoin market in October 2018, when bitcoin still had room to fall. In February 2019, with bitcoin sitting at around $3,500 to $4,000, Bogart claimed it was a good time to buy bitcoin in an interview with Bloomberg, although he wasn’t sure if it was the absolute bottom:

“Bitcoin never left, it has been always been here. So is it back? It definitely is! Are we ready to see new all-time highs, probably not yet. I still feel there are a few more regulatory shoes to drop. I think now is a very good time to buy. Is it the absolute bottom? Not sure.”

Bogart believes bitcoin’s network effect and utility will allow it to continue as the reigning champion of the crypto space.

Murad Mahmudov: $20,000+

Murad Mahmudov, host of ‘On the Record’ believes bitcoin will reach a new all time high at some point in late 2020, although he declined to predict a specific price point. The prediction took place in a discussion between Mahmudov and Tone Vays. The two agreed that there’s a 40% chance of seeing a new all time high in 2020, increasing to a 45% chance of seeing a new all time high in 2021.

Jeet Singh: $50,000

Crypto fund manager Jeet Singh was yet another analyst who made an unfortunate price prediction in 2018, claiming that bitcoin would go as high as $50,000 by the end of the year.

“Bitcoin could definitely see $50,000 in 2018…We will probably go through a suffering period of volatility around the time of Bitcoin’s next $10,000 landmark.”

Singh has been active in the crypto space since 2012. Although he seems optimistic about future price movements of bitcoin, he also cautioned that crypto prices were extremely volatile. Nevertheless, Jeet Singh doubled down on his prediction, arguing in November 2018 that bitcoin could reach $50,000 by the end of 2018. It’s unclear where Jeet Singh believes the price of bitcoin will go next, as he has not publicly disclose a price prediction since.

Llew Claasen: $40,000

Llew Clasen, executive director of the Bitcoin Foundation, predicts that the price of bitcoin will be $40,000 by the end of 2018, although he also said he expects to see continuing heavy volatility for crypto markets over the coming years. Claasen argues that movements of 30% to 40% will be normal, and that 90% of altcoins will end up being totally worthless. Llew Claasen’s prediction of a $40,000 BTC price by the end of 2018 was proven incorrect, obviously, and he has not made any further public price predictions.

David Drake: $30,000

David Drake, founder and chairman of investment firm LDJ Capital, gave a speech about cryptocurrencies at the G20 summit in 2018. Drake’s speech explained how the market cycle of crypto in 2018 was a “cold winter” and believed the price would rebound before the end of 2018. Drake specifically claimed that bitcoin would be price at $30,000 by the end of 2018. It was trading at around $9,000 when Drake made his speech.

Drake also predicted in early 2018 that the crypto bear market would be over shortly:

“At that point, prices will go off and I think that’s going to happen around March or April,” explained Drake in early March 2018.

Drake’s prediction for 2018 ended up being incorrect. Since making his $30,000 BTC prediction, David Drake has not made another prediction.

Sonny Singh: $15,000 to $20,000

One of the most recent price predictions on this list comes from Sonny Singh, chief commercial officer at Bitpay, who is on record saying that bitcoin would hit a price of $15,000 to $20,000 by Thanksgiving 2019. Singh specifically cited things like a crypto ETF and an influx of funding for startups as reasons for optimism in the crypto space. He also claims bitcoin is the “800-pound gorilla” that enjoys the most notable “network effect” of all decentralized networks.

Ronnie Moas: $28,000

Crypto analyst Ronnie Moas predicts that bitcoin could reach $28,000 by the end of 2019. He believes bitcoin adoption rates will increase throughout 2019, and increased adoption will lead to increased demand with stable supply, therefore raising prices.

“Sad to watch the top 1% scare the crap out of you…separating you from your $BTC #bitcoin & keeping the gap between rich & poor…reiterating $28,000 target for end-2019,” explained Ronnie Moas on Twitter in September 2018.

Zhao Dong: $50,000

Zhao Dong is one of the biggest over-the-counter (OTC) bitcoin traders in China. Zhao has gone on record stating that bitcoin could reach $50,000 by 2021, claiming that today is the best time to invest in bitcoin. He believes investors who buy bitcoin today will see a yield of 100% to 200% over the next three years.

Anthony Pomplinao: $3,000

Anthony Pompliano predicted in November 2018 that bitcoin would drop as low as $3,000, but claimed it wouldn’t drop further than that. Pomp predicted that bitcoin’s trading activity would turn bullish in 2019, something that has not yet happened. One reason for optimism, according to Pompliano, is a chart showing that the number of bitcoin wallets has increased steadily over time. Pompliano has also repeatedly called bitcoin the world’s best-performing asset over the last 10 years.

Arthur Hayes

Arthur Hayes is the CEO of BitMEX, one of the world’s largest crypto exchanges by trading volume. You would think Hayes would have a bullish outlook on the world’s largest cryptocurrency. However, Hayes may be one of the most accurate analysts on this list. In early 2018, Hayes predicted that bitcoin would reach $50,000 by the end of the year. Hayes later retracted that claim, however, claiming that bitcoin would drop to lows of around $3,000 and remain that low throughout 2019.

David Mondrus: $1 Million

David Mondrus is the current CEO of fake news finding platform Trive. He previously worked at Bitcoin Magazine, served as CTO of Bigstar.com, and CEO and Employee #5 at Bigfoot.com. Mondrus and his wife are best-known in the crypto space, however, for being the first couple to get married on the blockchain.

Mondrus believes bitcoin has as bright a future as his marriage. Mondrus claims bitcoin could reach a value of $1 million in about a decade, claiming that demand will continue rising as fewer and fewer new coins are minted:

“Do you think that the US government will ever stop printing money? There are only 21 million Bitcoins that can possibly be in existence — 16 million of them already exist. […] When that mining stops or when it slows down dramatically, that’s when the value really increases because there is no more supply to be created,” he said in an interview.”

Mondrus made the prediction in a statement to CBS News in November 2017.

BeInCrypto: $1,500 to $50,000

Cyrpto news media outlet BeInCrypto recently added its own price prediction to the mix of online opinions. In February 2019, BeInCrypto officially released its price prediction for 2019, 2020, 2021, and 5+ years from now. BeInCrypto believes that bitcoin will be priced between $1,500 and $4,650 by the end of 2019, for example, with the lower number being the worst case scenario and the higher number being the best case scenario.

In 2020, BeInCrypto believes bitcoin will be worth $2,400 to $8,000, rising to $1,900 to $30,000 by 2021. Within 5 years, bitcoin can either be worth less than $1,900 or more than $50,000, according to BeInCrypto’s analysis. These predictions might be the largest price range we’ve seen.

CoinPredictor: $1,900 to $5,500

CoinPredictor, found online at CoinPredictor.io, has an event-based forecast algorithm it uses to predict the likely future price of bitcoin. By analyzing positive and negative upcoming crypto events, CoinPredictor believes that bitcoin will continue rising throughout 2019.

CoinPredictor believes bitcoin will be priced at around $4,600 by the end of March 2019, for example, based on analysis of future crypto events, with bitcoin eventually rising to $5,470 by May 2019. By June, bitcoin’s price will have retreated to around $4,000.

CoinPredictor’s other algorithm is a price-based forecast algorithm, which is significantly more bearish than the event-based forecast algorithm. The price-based forecast algorithm estimates that the price of bitcoin will sink to a low of $2,300 by April 2019, followed by a continued drop to $1,900 by June 2019.

Bobby Lee: $333,000

Bobby Lee is the co-founder of BTC China and YourBTCC. He’s also a Board Member of the Bitcoin Foundation. Lee has a history of making oddly specific price predictions for bitcoin.

In late 2018, Bobby Lee predicted that bitcoin would bottom out at $2,500 sometime in January 2019, setting the stage for a bull run throughout the rest of 2019 and into 2020. By December 2021, Lee believes that bitcoin will reach a peak value of $333,000 before crashing all the way back down to $41,000 by January 2023.

Lee made these predictions on Twitter in December 2018.

Sam Doctor ($20,000 to $64,000)

We cited Sam Doctor’s colleague, Tom Lee, up above. Sam Doctor is an analyst at Fundstrat who believes bitcoin can reach a price anywhere from $20,000 to $64,000 in 2019. Doctor claims that bitcoin will reach a high of $36,000 by the end of 2019, with possibilities of the high reaching all the way up to $64,000. Doctor does not see the value of bitcoin dropping below $20,000 after reaching these highs. Doctor also claims that the “fair value” of bitcoin is currently between $14,000 and $15,000.

Doctor has an even bolder prediction for the distant future, claiming that bitcoin will be worth as much as $150,000 per coin as soon as bitcoin wallets account for 7% of the 4.5 billion accounts currently held by Visa.

Wheatley Model: $2,352.03

Forbes recently published an article on the Wheatley Model’s price predictions for bitcoin. That model shows that the price of bitcoin could sink as low as $2,352.03 in 2020. The model used factors like weakening demand and lower usage as reasons that bitcoin could continue to sink.

Hayes Model: $55,931.60

In the same Forbes article linked above, researchers ran bitcoin’s data through a separate model called the Hayes Model. This model predicted a more positive future for bitcoin, predicting a price of $55,931.60 by 2020. As bitcoin’s supply slows and mining difficulty increases at 7% per month, the price of bitcoin will rise to a high close to $56,000 by the end of 2020.

Justin Sun: $3,000 to $5,000

TRON CEO Justin Sun loves sharing his opinions with the crypto community. The outspoken CEO predicted in February 2019 that bitcoin would trade between $3,000 and $5,000 for the remainder of 2019. Sun also claimed that the bear market is finally over, although he cautioned that a major price surge is unlikely until at least three years have passed.

Mark Yusko: $75,000 to $500,000

Mark Yusko, founder of Morgan Creek Capital Management, predicted in April last year that bitcoin could hit $75,000 per coin by 2020. Yusko’s prediction was made in April 2018, before the bear market had truly started to grip bitcoin.

Yusko claimed that bitcoin was “just getting warmed up”, writing that bitcoin would be worth $25,000 by the end of 2018, $75,000 by the end of 2020, $200,000 by the end of 2022, and $500,000 by the end of 2024. Yusko’s first prediction has obviously not come anywhere close to being true, but we’ll have to wait to determine the outcome of the other predictions.

Jim Blasko: $100,000 to $200,000

Bitcoin Talk Radio founder Jim Blasko has a bullish stance on bitcoin, claiming that bitcoin will rise to a price between $100,000 and $200,000 by the end of 2020 or early 2021. As reported by TheStreet, Blasko’s prediction is based on the fact that bitcoin’s mining reward will be cut in half from 12.5 BTC per block to 6.25 BTC, leading to an increased price of bitcoin with lower supply and surging demand.

CryptoGround: $3,500 to $21,457

Crypto news media website CryptoGround has released its own bitcoin price prediction algorithm that uses historical price data to determine the price of bitcoin in the near and distant future.

That algorithm predicts that bitcoin will remain relatively stable for the first half of 2019, fluttering between $3,500 and $4,000 until the end of summer. By August or September 2019, however, that algorithm predicts that bitcoin will be worth $4,600, rising to $5,600 by March 2020. In 5 years, by 2024, the CryptoGround algorithm predicts that bitcoin will be worth $21,457.

Conclusion: Where Will the Price of Bitcoin Go Next?

Nobody knows where the price of bitcoin is going to go next. One thing is certain, however: no price prediction is too crazy.

Back in 2009 or 2010, anyone who claimed one BTC would soon be worth $20,000 would have been called crazy. Today, someone who claims bitcoin will be worth $200,000 or $500,000 or $1 million may be called crazy. Alternatively, someone who claims bitcoin will be worth $0 or $100 could also be labeled crazy.

The craziest thing about bitcoin is that any of these predictions stands a reasonable chance of being accurate. We’ll have to wait to found out which bitcoin price prediction reigns supreme – and which predictions are truly the crazy ones.


Bitcoin (BTC) Price Predictions: Expert Market Data Forecasts and BTC/USD Value Charts

Bitcoin (BTC) Daily Price Forecast: April 10, 2019

  • The BTC price appreciates  and then retraced to the support of the 12-day EMA.
  • The crypto’s price is ranging between the levels of $5,200 and the $5,300.
  • On the upside, if the bulls break the $5,300 price level, the crypto’s price will reach the previous high of $5,500 or $6,000 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $5,100, $5,000, $4, 900

Yesterday, April 9, the price of Bitcoin was in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward. The crypto’s price is trending above the 12-day EMA which indicates that price is likely to rise. Yesterday, the BTC price retraces from the high of $5,300 to $5,200 and commenced a range bound movement above the 12-day EMA. This has been the scenario in the last three days.

The BTC price appreciates  and then retraced to the support of the 12-day EMA. On the upside, if the bulls break the $5,300 price level, the crypto’s price will reach the previous high of $5,500 or $6,000 price level.

On the other hand, if the BTC price retraces and breaks below the EMAs, the crypto’s price will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a range bound movement. The crypto’s price is now ranging between the levels of $5,200 and the $5,300. Yesterday, the bears tested the $5,200 lower price level and commenced a bullish movement to the upper price level.

If price breaks the upper price level, the crypto’s price will rise to the highs of $5,500 and $6,000. On the other hand, if the bears break below the lower price range, the crypto will resume a downward trend. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: April 9, 2019

  • The $5,320 resistance level has been a hurdle for the price of Bitcoin.
  • On the upside, if the bulls break the $5,300 price level, the crypto’s price will appreciate and reach the previous high of $5,500 or $6,000 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $5,100, $5,000, $4, 900

Yesterday, April 8, the price of Bitcoin was in a bullish trend. Yesterday, the BTC price fluctuates between  the levels of $5,200 and $5,300. In the last 48 hours, the crypto’s price has not gone beyond the $5,300 price level as  price fluctuates between the levels  of $5,200 and $5,300. The BTC price appreciated to the $5,300 price level  and then retraced to the support of the 12-day EMA.

On the upside, if the bulls break the $5,300 price level, the crypto’s price will appreciate and reach the previous high of $5,500 or $6,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend zone. On April 8, the bulls tested the $5,320 price level and were resisted. The price fell and broke the 12-day EMA, the 26-day EMA and closed at a low at $5157. The bulls resumed another bullish trend to retest the $5,320 resistance level.

The crypto’s price is retracing again to break below the EMAs. Nevertheless, if the bulls break the $5,320 resistance level, the crypto will appreciate to either $5,500 or $6,000 price levels.The BTC price is trading below the EMAs indicating that price is in a bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: April 8, 2019

  • Today, the BTC price is trading at $5,297.90 as at the time of writing.
  • The BTC price is expected at the $5,500 or $6,000 price level if the price is sustained above the EMAs.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $5,100, $5,000, $4, 900

Last week the price of Bitcoin was in a price breakout. The bulls broke the $4,200 resistance level which had remained unbroken since February 23. On April 3, the BTC price reached a high of $5,145. However, the bulls were resisted at the $5,200 price level. The crypto’s price fell to the support of the 12-day EMA to commence a bullish trend. On April 7, the bulls broke the $5,200 resistance level.

Today, the BTC price is trading at $5,297.90 as at the time of writing. Meanwhile, the BTC price is trending above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The BTC price is expected at the $5,500 or $6,000 price level if the price is sustained above the EMAs.

On the other hand, if the bears break below the EMAs, the BTC price will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend zone. The 12-day EMA and the 26-day EMA are trending northward. On April 6, the bulls were resisted at the $5,200 price level and the price fell below the EMAs. The following day the bulls resumed its bullish trend. The BTC price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Long-Term Price Forecast: April 6, 2019

  • On the upside, if the bulls break the $5,200 resistance level, the crypto’s price will reach the previous high of $5,500.
  • On the other hand, if the bulls fail to break the $5,200 resistance level, the BTC price will continue its range bound movement between the levels of $4,900 and $5,200.
BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $4,900, $4,700, $4,500

The BTC/USD pair is in a bullish trend trading above the $4,900 price level. Since February 24, the BTC price had been trading below the $4,200 price level. In the month of March, the bulls broke the resistance levels of $4,000 and $4,100. On April 2, the BTC price had a price rally which broke the $4,200 resistance level.

The crypto’s price is ranging between the levels of $4,900 and $5,200. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the upside, if the bulls break the $5,200 resistance level, the crypto’s price will reach the previous high of $5,500.

On the other hand, if the bulls fail to break the $5,200 resistance level, the BTC price will continue its range bound movement between the levels of $4,900 and $5,200. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: April 5, 2019

  • Today, the bulls have resumed another bullish trend attempting to retest the $5,200 resistance level.
  • On the upside, if the bulls break the $5,200 resistance level, the crypto’s price will revisit the previous high of $5,500.

BTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $4,800, $4,700, $4, 600

Yesterday, April 4, the price of Bitcoin was in a bullish trend. The price of Bitcoin now faces resistance at the $5,200 price level. On April 3, the bulls reached a high of $5,199.70 and were resisted. On April 4, the BTC price fell to the support at the 12-day EMA to resume another bullish trend. Today, the bulls have resumed another bullish trend attempting to retest the $5,200 resistance level.

On the upside, if the bulls break the $5,200 resistance level, the crypto’s price will revisit the previous high of $5,500. On the other hand, if the bulls fail to break the $5,200 resistance level, the BTC price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend zone. The bears had earlier broken the 12-day EMA and the 26-day EMA and it fell to the bearish trend zone. Yesterday, the bulls pulled above the EMAs and sustain price above the EMAs.

Today, the bulls have overcome the bears  in the bearish trend zone. If the bulls break above the EMAs, the crypto’s price will rise. The BTC price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: April 4, 2019

  • The BTC price is trading at $5,069.90 as at the time of writing.
  • The BTC price is likely to rise and it is expected to reach the highs of $5,500 and $6,000.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $4,500, $4,400, $4, 200

Yesterday, April 3, the price of Bitcoin was in a bullish trend. The 12-day EMA and the 26-day EMA were also trending northward. Yesterday, the bulls tested the $5,200 price level and the bulls were resisted. The crypto’s price fell to the support of the 12-day EMA. The BTC price is still above the EMAs which indicate that the crypto’s price is likely to rise.

On the upside, since the price fell to the support of the EMAs, the BTC price is likely to rise. Price is expected to reach the highs of $5,500 and $6,000. On the downside, if the bears break below the EMAs, the crypto’s price will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Yesterday, the bears broke the 12-day EMA and the 26-day EMA and fell to the bearish trend zone. The price fell to the low at $4,978 and it is ranging below the EMAs.

If the bulls break above the EMAs, the bulls will resume their bullish trend. On the downside, if the bulls failed to break the EMAs, the crypto’s price is likely to fall. The BTC price is attempting to break the EMAs to reach the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: April 3, 2019

  • The BTC price is now trading at $4,981.90 as at the time of writing.
  • On the upside, if the bulls sustain a price above the EMAs, the crypto’s price is likely to reach the high $5,000 and $5,500 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $4,500, $4,400, $4, 200

Yesterday, April 2, the price of Bitcoin was in a bullish trend. Yesterday, the bulls broke the $4,200 resistance level which had been the critical resistance level. The BTC price is now approaching the $5,000 price level. The crypto’s price is still above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

On the upside, if the bulls sustain a price above the EMAs, the crypto’s price is likely to reach the high $5,000 and $5,500 price level. The bulls are likely to face resistance above the $6,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. Yesterday, as the bulls broke the $4,200 price level, the bulls also faced an initial resistance at the $4,900 price level. The bulls were repelled at the $4,900 twice before the level was broken at the third attempt.

The BTC price is now trading at $4,981.90 as at the time of writing. The BTC price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Long-Term Price Forecast: April 2, 2019

  • The BTC price is now trading at $4,741.80 as at the time of writing .
  • On the upside, the crypto's price is likely to rise if the price is sustained above the EMAs.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $4,500, $4,400, $4,300

Yesterday, April 1, the price of Bitcoin was in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward indicating that price is in a bullish trend. Yesterday, the price reached a high of $4149.50 and the bulls were resisted . Today, the BTC price has a price breakout as the bulls broke the $4,200 resistance level. The BTC price is now trading at  $4,741.80 as at the time of writing . On the upside, the crypto's price is likely to rise if the price is sustained above the EMAs.

However, if the price falls and breaks below the EMAs, the BTC price will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The crypto’s price is making a series of higher highs and higher lows. A bullish trend line is drawn to determine the duration of the bullish trend. The bullish trend is ongoing if the trend line is unbroken.

However, if a bearish candlestick breaks the trend line and another one closes on the opposite of it; the bullish trend is said to be terminated. Today, the crypto’s price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: April 1, 2019

Today's Bitcoin (BTC) News

After prices tanked in Q4 2018, we can conclude that Q1 2019 was a “fair” for the world’s most capitalized crypto asset. With a market cap of $72,879 million, Bitcoin (BTC) is liquid and recovering after dropping more than 75 percent in last year’s crypto winter.

Read: De-Dollarization Accelerating as Central Banks Dumping the US Dollar

While it is yet to register jaw-dropping double-digit gains like those of late 2017 parabolic rise propelling it from spot rates to above $6,000, the fact that prices are steady with supportive fundamental is positive. The US SEC may not be in a hurry to approve any of the nine Bitcoin ETF proposals this year, Bitwise says, and that means their Jan application supposed to be determined tomorrow and postponed to mid-May not be put-off again.

Like VanEck and SolidX application, Bitwise Bitcoin ETF will be tracking the Bitwise Bitcoin Total Return Index whose prices are drawn from several approved exchanges. These are crypto-exchanges free from manipulation as wash trading with the asset management firm was rampant in the sphere. At the same time, the ETF will be physically backed by Bitcoins secured by an institutional grade third-party custodian storing assets in a hack-proof cold wallet.

Also Read: Bitcoin’s 7 Reasons for a ‘2019 Perfect Bull Storm’ + This Week’s BTC Price Predictions & March 31 History

Add this to the number of UTXO in the network rivaling those of late 2017 and there are reasons to conclude that there is an encouraging accumulation in progress.

BTC/USD Price Analysis

Bitcoin

Aside from Cardano (ADA) and EOS with double-digit gains, Bitcoin (BTC) price performance is impressive. It is up 3.4 percent from last week’s close, trading above $4000 with decent transaction volumes. As we mentioned before, BTC is trading within a bullish breakout pattern after Mar 27-29 upswing breached Mar 16 highs and $4,200 highs triggering risk-aggressive traders’ longs.

In that case, our first target is $4,500, an important resistance level marking the upper limit of the $1,300 trade range with caps at $3,200—Dec 2018 lows and $4,500—Dec 2018 highs. Assuming buyers build enough momentum and close above this level in a breakout trade, it is likely that BTC will rally towards $6,000.

Already, apart from supportive fundamentals as increasing UTXO, BTC is trending above a 5-month resistance trend line visible in the weekly chart meaning odds of higher highs will be sustained more so if this week ends up bullish as prices edge close to $4,500. At the moment—and considering candlestick arrangement, traders should look for undervaluation opportunities in smaller time-frames, load up with the first target at $4,500.

Author: Dalmas N


Bitcoin (BTC) Long-Term Price Forecast: April 1, 2019

  • The BTC price is trading at $4,193.70 as at the time of writing.
  • On the upside, if the crypto’s price has a price breakout, the bulls will break the $4,200 resistance level, and rally above it.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $4,000, $3,900, $3, 800

Last week the price of Bitcoin was in a bullish trend. On March 29, the bulls fail to break the $4,200 resistance level. The last time the bulls tested the $4,200 resistance level was on February 23. The crypto's price fell and broke the 12-day EMA and the 26-day EMA. Last week, March 25, the BTC price was in a bullish trend as the crypto's price broke the EMAs to reach the bullish trend zone.

Yesterday, the BTC price fell to the low of $4,081.50 and commenced a range bound movement above the 12-day EMA and the 26-day EMA. Today, the BTC price tested the $4,200 price level and the crypto's price is retracing. The BTC price is trading at $4,193.70 as at the time of writing

On the upside, if the crypto’s price has a price breakout, the bulls will break the $4,200 resistance level, and rally above it. On the other hand, if the crypto’s price has a price breakdown, the bears will break below the EMAs and find support at the $3,800 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The crypto’s price is trending above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The BTC price has fallen to the support of the 26-day EMA to resume another bullish trend.

Today, the crypto’s price is above the 26-day EMA indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Long-Term Price Forecast: March 30, 2019

  • On the upside, the bulls will break the $4,200 price level, if the crypto’s price is sustained above EMAs.
  • Today, the bulls have broken the $4,000 and $4,100 resistance and it is approaching the $4,200 resistance level.
BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,900, $3,800, $3,700

The BTC/USD pair had been in the bullish trend zone in the month of March. On February 23, the bulls tested the $4,255 price level and were resisted. The bears made a downward correction as the price fell to the low at $3,831.30. The bulls made a pulled back above the 12-day EMA and the 26-day EMA but were resisted at the $4,000 resistance level. Today, the bulls have broken the $4,000 and $4,100 resistance and it is approaching the $4,200 resistance level. On the upside, the bulls will break the $4,200 price level, if the crypto’s price is sustained above EMAs.

On March 1, the BTC price has an opening balance of $3,893.10 but it is approaching the high of $4,166.30 as at the time of writing. This month the BTC/USD pair appreciated by 7% of its capitalization. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 29, 2019

Today's Bitcoin (BTC) News

It’s always a tussle of bulls and bears, supply–demand and holders versus speculators. When the dust settles, it’s time to measure ROI. After last year’s damage, the community is looking forward and expecting a recovery towards $6,000–$8,000 zone.

Read: The Economist Rains on the Bulls Parade, Says Bitcoin Revival Probably Won’t Happen Ever Again

It’s an ambitious target—especially after last year’s freeze. However, in a propitious environment—that is, the entry of the much sought-after institutional grade and HNWIs possible only through a regulated, US SEC approved Bitcoin ETF, then the resulting lift-out can stretch prices back to $10,000, overwhelming bulls whose limits have been capped as prices range. So far, adoption is propping prices.

Amazon owned Twitch might have dropped support of BTC and BCH payment but it is in the merchant plane where there is real action. One of the largest online retailers in Switzerland accepts Bitcoin and while at it, the scalable, high throughput and secure LN is gaining traction. It has a capacity of over $4 million and the double of nodes are increasing in double digits.

Also Read: Banks Have Paid Over $243 Billion in Fines Since 2008, $100 Billion More than Crypto Market Cap

But that is not all. More merchants now accept Bitcoin because of LN instantaneous settlement. With news that the largest Railway company in Japan has plans of accepting crypto and most definitely Bitcoin, it’s only a matter of time before prices unshackle themselves from “institutional demand” or from regulators, operate as it is as organic supply-demand dynamics prop prices.

BTC/USD Price Analysis

Bitcoin

Even with increasing adoption, Bitcoin prices are ranging after Mar 21 explosions. This was expected and often prints out after periods of unexpected volatility. It is up 1.2 percent from last week’s close but finding resistance at $4,200. That’s at $4,200 which is also the 61.8 percent Fibonacci retracement level of Feb 24 highs low.

All in all, we are bullish but the failure of bulls to build enough momentum, drive prices above $4,200 complete with high transaction volumes above this minor resistance means there is general weakness that may allow bears of Feb 24 to flow back, ruining our rosy BTC price prediction.

As reiterated in our last BTC/USD, risk-averse and conservative traders need to wait for a sharp break and close above Dec 2018 highs before initiating longs with first targets at $6,000. It’s easy to see why. The $4,500 level is a key resistance level, the 38.2 percent Fibonacci retracement mark of Nov-Dec bear leg and should bulls overcome sell pressure, then that would be a breakout off the $1,300 with bases at $3,200 or Dec 2018 lows. Afterwards, demand would easily propel prices to $6,000.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: March 29, 2019

  • On the upside, if the crypto’s price has a price breakout, the bulls will break the $4,200 resistance level, and rally above it.
  • On the other hand, if the crypto’s price has a price breakdown, the bears will break below the EMAs and find support at the $3,800 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, March 28, the price of Bitcoin was in a bullish trend. Yesterday, the BTC price fell to the low at $4,081.50 and commenced a range bound movement above the 12-day EMA and the 26-day EMA. Today, the BTC price is still ranging above the EMAs. In a range bound movement, the crypto’s price will go either way. The crypto’s price is ranging above the $4,000 price level.

On the upside, if the crypto’s price has a price breakout, the bulls will break the $4,200 resistance level, and rally above it. On the other hand, if the crypto’s price has a price breakdown, the bears will break below the EMAs and find support at the $3,800 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The crypto’s price is trending above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Each time the bulls were resisted at the $4,000 or $4,100 resistance levels, the crypto’s price falls to the support of the EMAs.

The bulls will then resume their bullish movement. The BTC price is ranging below the $4,100 price level. Today, the crypto’s price is above the EMAs indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 28, 2019

  • The BTC price rose again from the low of $3,992 to $4,088 10.
  • If the bulls continue to sustain a price above the $4,000, the crypto’s price is likely to retest or break the resistance levels.

BTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, March 27, the price of Bitcoin was in a bullish trend. The BTC price rose again from the low of $3,992 to $4,088 10. The crypto’s price had earlier fallen to the bearish trend zone. Yesterday, the BTC price broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The bulls reached a high of $4,102.50 and were resisted. This had been the scenario since February 24.

The Price of Bitcoin had been facing resistance at the $4,000 price level. On the upside, if the bulls break $4,000 resistance level, the crypto’s price will reach the $4,200 price level. On the other hand, if the bulls fail to break the $4,000 resistance level, the crypto’s price will fall below the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The crypto’s price is in the bulls trend zone. Each time, the crypto’s price reached the $4,000 resistance zone the bulls would be resisted. The price will fall or retrace and then resume the bullish trend again.

If the bulls continue to sustain a price above the $4,000, the crypto’s price is likely to retest or break the resistance levels. Today, the crypto’s price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 27, 2019

  • The BTC price is trading at $4,058.60 as at the time of writing.
  • If the bulls continue to sustain a price above the $4,000, the crypto’s price is likely to retest the $4,200 resistance level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, March 26, the price of Bitcoin was in a bullish trend. The BTC price was trading at $3,962.40 in a bullish trend while in the bearish trend zone. The bulls broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone. However, if the bulls had not broken the EMAs, the crypto’s price would have fallen to the $3,800 price level.

Nevertheless, the bulls tested the $4,060 price level and were resisted. The BTC price is trading at $4,058.60 as at the time of writing. The crypto’s price is above the EMAs which indicate that price is likely to rise to retest the resistance level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The BTC price is in the bearish trend zone that broke the 12-day EMA and the 26-day EMA as the price reached the $4,060 price level. The crypto’s price is ranging above $4,040.80 price level.

If the bulls continue to sustain a price above the $4,000, the crypto’s price is likely to retest the $4,200 resistance level. Today, the crypto’s price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 26, 2019

  • On the upside, if the bulls break above the EMAs, the BTC price will resume its uptrend.
  • On the downside, if the bearish trend continues, the crypto’s price will fall to the low at $3,800.

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, March 25, the price of Bitcoin was in a bullish trend. Yesterday, the BTC price further depreciated as a result of its previous fall from its initial resistance at the $4,000 price level. It was assumed yesterday that if the bulls failed to break the EMAs, the crypto’s price will fall to the previous low at $3,800. The crypto’s price actually fell to the low at $3,899.12. Today, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

The bulls are making an upward correction after the price has fallen to the low at $3,889.12. On the downside, if the bearish trend continues, the crypto’s price will fall to the low at $3,800. On the other hand, if the bulls continue with their price correction, the bulls will break above the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Yesterday, March 25, the crypto’s price fell heavily after testing the resistance level. The crypto’s price is now in a bullish trend as the bulls attempt to break above the EMAs.

On the upside, if the bulls break above the EMAs, the BTC price will resume its uptrend. The BTC price will fall if the bulls fail to break above the EMAs. Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 25, 2019

Today's Bitcoin News

The bad news is you cannot authoritatively value a crypto asset. It is a service platform that doesn’t generate cash flow and the hype element introduces another level of complexity. Coupled with space’s unregulated nature allowing crypto exchanges operating from jurisdiction keen on cashing in than regulation, the fear of fake volumes were recently confirmed.

Read: Could Bitcoin Reach $1 Million BTC/USD as John McAfee Predicted 612 Days Ago?

Studies by Bitwise Management found that as much as 95 percent of all crypto related trade volumes were exaggerated and in essence manufactured. This is a worrying trend and as solid research data unveils the dirty side of crypto—deliberate volume manipulation for profit, private keys, hacks and now lack of effective monitoring, chances of the US SEC giving the green lights for any of the nine Bitcoin ETF applications are scampered.

In one way or another, the advantages offered by a global product with no downtime is attractive and appeals to retail investors. However, cautious but regulated institutional investors with deep pockets are needed to stabilize the market.

At one time when Bitcoin prices were at the peak in late 2017, it was thought that the entry of CBoE and CME—who announced their decision to close doors and reassess the viability of a crypto related futures product—would draw these folks but it never.

Also Read: Iran Welcomes Tourists By Integrating Cryptocurrencies Within Its Tourism Sector

Coincidentally, the most unfortunate thing happened: prices slide before accelerating to a complete meltdown by Q2 2018. Bitcoin ETF, a regulated fund allowing the SEC to have one last stab of control, promises to streamline the industry.

BTC/USD Price Analysis

Bitcoin

As I type this, Bitcoin prices are stable and literally struggling against sellers. BTC sellers appear to be pressing the pedal, heaping pressure on traders forcing liquidation. However, what is encouraging is the temporary support at $4,000, our psychological round number, which happens to mark Mar 16 and 21 lows. In an effort versus result perspective, buyers have an upper hand because Mar 16 bulls had high volumes—13k against Mar 21—11k.

However, recent sell-off is at the 61.8 percent Fibonacci level of Feb 24 high low, a critical reversal point meaning there is an element of weakness, headwinds, preventing bulls from trudging forward and printing above our immediate resistance at $4,500.

If anything, it is imperative that prices break above this $1,300 trade range marked by $3,200 on the lower side (Dec 2018 lows) and $4,500—Dec 2018 highs, allowing for a rally towards $6,000—our breakout level in a retest phase.

Note that if prices fail to do that, we may see further liquidation because the $4,500 is the 38.2 percent Fibonacci retracement level of Nov-Dec 2018 bear leg. That could mean a meltdown below Dec 2018 lows towards the dreaded $1,800 mark.

 

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: March 25, 2019

  • The BTC price is trading at $3,973.47 as at the time of writing.
  • On the downside, if the bulls fail to break the EMAs, the crypto’s price will fall to the low at $3,800 price level.

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Last week the price of Bitcoin was in a bullish trend. The bulls attempted to break the $4,040 resistance level twice but were resisted. On March 16, the price fell and retraced to the support of the 12-day EMA. On March 21, the price fell and broke the 12-day EMA and the 26-day EMA. The crypto’s price fell to the low of $3,962.95 and commenced a range bound movement below the EMAs.

The crypto’s price is below the EMAs which indicate that price is likely to fall. On the upside, if price break above the EMAs, the bulls will attempt to test and break the $4,000 resistance level. On the downside, if the bulls fail to break the EMAs, the crypto’s price will fall to the low at $3,800 price level. The BTC price is trading at $3,973.47 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a buy signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Since on March 21, the price fell from its $4000 resistance level to the bearish trend zone. The crypto’s price had been fluctuating  below and above the 12-day EMA and the 26-day EMA.

Today, the bulls have broken above the EMAs attempting to revisit the resistance levels. Today, the crypto’s price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Bitcoin (BTC) Long-Term Price Forecast: March 23, 2019

  • On the upside, the bulls will break the resistance level if more buyers are introduced at the upper price level.
  • On March 15, the bulls broke the $4,000 resistance level but  were likely to face the $4,200 resistance level.
BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,900, $3,800, $3,700

The BTC/USD pair had been in the bullish trend zone in the month of March. On February 23, the bulls tested the $4,200 resistance level but failed to break the level. The BTC price fell as the bears broke the support levels and 12-day EMA. On February 25, the bulls made a pulled back above the 12-day EMA.

Since then the crypto’s price had been in the bullish trend zone but trading within a tight range. From February 25 to March 14, the crypto’s price was trading in a tight range. The bulls were unable the break the $4,000 resistance level. On March 15, the bulls broke the $4,000 resistance level but  were likely to face the $4,200 resistance level.

On the upside, the bulls will break the resistance level if more buyers are introduced at the upper price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 22, 2019

  • On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $4,200 resistance level.
  • On the downside, if the bulls fail to break above the EMAs, the crypto’s price will further fall.

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, March 21, the price of Bitcoin was in a bullish trend. Yesterday, the BTC price was resisted after reaching a high of $4,146.90. The bears broke below 12-day EMA and the 26-day EMA and fell to the low at $4,039. The bulls are making a bullish movement towards the EMAs. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $4,200 resistance level. On the downside, if the bulls fail to break above the EMAs, the crypto’s price will further fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Yesterday, a bearish pin bar tested the $4,146.90 price level and the crypto’s price fell. The BTC price made a bullish movement but it is ranging below the EMA.

The crypto’s price is below the EMAs which indicate that price may likely fall. Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 21, 2019

  • On the upside, if the bulls reach the $4,200 resistance level and break it, the crypto’s price will reach a high of $4,500.
  • On the other hand, if the bulls fail to break the $4,200 resistance level, the crypto’s price will fall.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, March 20, the price of Bitcoin was in a bullish trend. Yesterday, the crypto’s price reached a high of $4,127.20 and it is likely that the bullish trend continuing. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is expected to rise.

On the upside, if the bulls reach the $4,200 resistance level and break it, the crypto’s price will reach a high of $4,500. On the other hand, if the bulls fail to break the $4,200 resistance level, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. Yesterday, the bulls reached a high of $4,140 and had an initial resistance. The price of Bitcoin is retracing from the recent high to a low at $4,127.80. After the retracement, the crypto’s price is expected to resume the bullish trend. Today, the crypto’s price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 20, 2019

  • Presently, the BTC price is trading at $3, 978.41 as at the time of writing.
  • On the upside, if the 26-day EMA is holding the bulls will resume another bullish trend to retest the resistance level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, March 19, the price of Bitcoin was in a bullish trend. Yesterday, the bulls tested the $4,000 resistance level and the BTC price fell to the support of the 26-day EMA. On the upside, if the 26-day EMA is holding the bulls will resume another bullish trend to retest the resistance level.

On the other hand, if price continues its fall and breaks the 12-day EMA and the 26-day EMA, the crypto’s price will resume a downward trend. Presently, the BTC price is trading at $3, 978.41 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Yesterday, the bears broke below the 12-day EMA, the 26-day EMA and price fell to a low at $3,970. However, the bulls made an immediate pullback from the recent low. The bulls are attempting to break above the EMAs.

Nevertheless, the crypto’s price is below the EMAs which indicate that price is likely to fall. And if the bulls fail to break above the EMAs, the BTC price will continue its fall. Today, the crypto’s price is below the EMAs indicating that price is in the bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 19, 2019

  • The BTC price is now trading at $4,085.10 and approaching the $4,200 resistance level.
  • The BTC price is likely to face the resistance levels of $4120, and $4,200 price levels.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, March 18, the price of Bitcoin was in a bullish trend. The crypto’s price was retracing after testing the $4,000 resistance level. The price retraced to the support of the 12-day EMA which resulted in another bullish trend. The BTC price is now trading at $4,085.10 and approaching the $4,200 resistance level.

The crypto’s price is in the bullish trend zone and as such price ought to rise. On the upside, if the crypto’s price rises and the bulls break the $4,200 price level, the BTC price will reach a high of $4,500. On the other hand, if the bulls fail to break the resistance level, the crypto will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is expected to fall. The bears broke below the EMAs but the bulls made a pullback .The BTC price is likely to face the resistance levels of $4120, and $4,200 price levels.

If the bulls overcome the levels, the price of Bitcoin will appreciate in value. Nevertheless, if the bulls are overcome by the bears, the crypto’s price will fall. Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 18, 2019

  • The BTC price is trading at $4,056.90 as at the time of writing.
  • The bulls fail to break the $4,200 price level as the crypto's price fell to the bearish trend zone.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Last week, the price of Bitcoin was in a sideways trend. The BTC price was ranging above the $3,900 price level. The 12-day EMA and the 26-day EMA were also trending horizontally indicating that the price was in a sideways trend. On March 15, the bulls commenced a bullish trend which broke the EMAs to the high of $4,166.80.

The bears made a downward correction to the low at $4,056.70. On March 17, the bulls are making another bullish trend. The BTC price is now trading at $4,115.90 attempting to break the $4,200 price level. On the upside, if the crypto’s price has more buyers at the upper price level, the bulls will break the resistance and reach the highs of $4,500 and $5,000.

On the other hand, if the bulls fail to break the $4,200 resistance, the crypto's price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. At the lower time frame, the bulls are making a series of higher highs and higher lows. The bulls fail to break the $4,200 price level as the crypto's price fell to the bearish trend zone.  Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Long-Term Price Forecast: March 16, 2019

  • The BTC price is trading at $4,010 as at the time of writing.
  • On the upside, if Bitcoin has a price breakout, the bulls will break the resistance levels and reach the highs of $4,500 or $5,000 price levels.
BTC/USD Long-term Trend: Ranging
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,900, $3,800, $3,700

On March 1, the BTC/USD pair commenced a range bound movement. The price of Bitcoin was ranging above the $3,800 price level. The crypto’s price was above the 12-day EMA and the 26-day EMA which indicates that the BTC price has the tendency to rise. If the crypto’s price rises, it will face resistance at the $4,000 and $4,200 price levels. On the upside, if Bitcoin has a price breakout, the bulls will break the resistance levels and reach the highs of $4,500 or $5,000 price levels.

On the downside, if Bitcoin has a price breakdown at the $3,800 price level, the crypto’s price will depreciate to the low of $3,400 or $3,500 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 15, 2019

  • Today, the bulls have broken above the EMAs and it is approaching the price at $3,963.50.
  • If the $4,000 resistance level is broken, the crypto’s price will reach the $4,200 price level.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, March 14, the price of Bitcoin was in a bearish trend. The crypto’s price was still below the EMAs while in a range bound movement. The BTC price was ranging above the $3,900 price level. Today, the bulls have broken above the 12-day EMA, the 26-day EMA and it is approaching the price at $3,963.50. The crypto's price is above the EMAs which imply that the crypto’s price is likely to rise.

On the upside, the bulls are likely to retest the $4,000 resistance level. If the $4,000 resistance level is broken, the crypto’s price will reach the $4,200 price level. On the other hand, if the bulls fail to break the $4,000 resistance level, the crypto's price will fall to continue its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price was in a sideways trend. Yesterday, the 12-day EMA and the 26-day EMA were trending horizontally indicating that the crypto’s price was in a range bound movement. Today, the crypto’s price is in the bullish trend zone. The price is approaching the $4,000 resistance level. Today, the crypto’s price is above the EMAs indicating that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 14, 2019

Today's Bitcoin News

Well, with every fat finger, it is pretty hard not to ask questions. It’s just uncomfortable bury one’s head and assumes that there is nothing happening since it is staining for Bitcoin as a platform opening up previous false claims that the network is indeed a money laundering arena.

Read: How Will Bitcoin Investments Thrive If John McAfee’s $1 Million BTC Price Prediction Becomes a Reality?

Even so, at this rate, tax men will take notice and raise their red flags. Days after another sending error saw one user pay huge fees for simple BTC transactions, on Mar 13, another user sent a mere 0.78 BTC transaction but for that amount, ended up paying a whopping $7828 in miner fees. It is eye-brow raising and the always curious Reddit community are beginning to ask hard questions. Topping the list is whether the lucky miner is directly controlled by the transaction sender.

Also Read: Why Do Digital Asset Diehards Believe Bitcoin Will Be Booming Bigly In The Future?

If so, then this would turn out to be an elaborate money laundering scheme with applicable miner fee sanitizing dirty money. The immediate recommendation is fixing this protocol error despite the government machinery and capacity to track every transaction and mining node.

While it is desirous that something has to be done to amend Fee-rates, it may take a while considering how Bitcoin related upgrades are contentious, dragging for months on end.

BTC/USD Price Analysis

At the time of press, Bitcoin is clearly under pressure but still trading along the 20-day moving average. Nonetheless–and even with the threat of liquidation, bulls are in control and they will have the upper hand as long as they maintain prices above the upper limit of our support level at $3,500.

Note that in a lower time-frame bullish breakout pattern, $3,800 will be a level of interest and it is only after prices edge past $4,000 is when traders can be comfortable, expecting prices to rally and edge past $4,500. Cementing our prediction are weak bears who are somehow held within Mar 5 high low meaning from an effort versus results perspective, bulls have the upper hand.

We have reiterated this on previous BTC/USD trade plans and the more prices consolidate horizontally, the more the likelihood that prices will break above $4,000 as the bulls of Mar 4-5 are awakened further catalyzing demand BTC.

Before then, risk-off, aggressive traders should take advantage of this calm and load on every dip in lower time frames with tight stops around $3,700 or Mar 5 lows. Modest targets will be at $4,500 or Dec 2018 highs. On the flip side, any liquidation below $3,700 and $3,500 predisposes Bitcoin to bears aiming at $1,800.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: March 14, 2019

  • The BTC price was ranging above the $3,900 price level.
  • If the bulls fail to break the EMAs, the crypto will continue its downward trend.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, March 13, the price of Bitcoin was in a sideways trend. The BTC price was ranging above the $3,900 price level. The 12-day EMA and the 26-day EMA also was trending horizontally indicating that the price is in a sideways trend. The crypto’s price is still below the EMAs while in a range bound movement. This indicates that the crypto’s price is likely to fall.

On the upside, if the bulls break above the EMAs, the crypto will be in the bullish trend zone. Probably, to retest the $4,000 resistance level. On the other hand, if the bulls fail to break the EMAs, the crypto will continue its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend.On March 13, the bulls broke above the EMAs, while the price is making a downward correction. The BTC price is trading at $3,939.0 as at the time of writing. Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 13, 2019

  • The price of Bitcoin is now ranging above the $3,900 price level.
  • On the upside, if the bulls break above the EMAs, the crypto will resume its uptrend.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, March 12, the price of Bitcoin was in a bearish trend. The bulls attempted to break the $4,000 price level twice but were overpowered by the bears. The BTC price fell to a low at $3,903.90 and commenced a bullish movement. The bulls have been resisted by the 12-day EMA and the 26-day EMA.

The price of Bitcoin is now ranging above the $3,900 price level. On the upside, if the bulls break above the EMAs, the crypto will resume its uptrend. On the other hand, the BTC price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating that the crypto’s price is in a range bound movement. After its fall yesterday, the bulls made an upward correction.

The BTC price is now trading at $3,949.70 in a range bound movement. Today, the crypto’s price is neither below nor above the EMAs indicating that price is in a range bound movement. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 12, 2019

  • The crypto’s price has fallen to a low of $3,927.20.
  • On the downside, if the bearish trend is continuing, the crypto’s price will further depreciate to the previous low at $3,790.40.
BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,80, $3,700, $3, 600

Yesterday, March 11, the price of Bitcoin was in a bearish trend. The $4000 resistance level has been tested on a daily basis. Each time the bulls tested the resistance level, the crypto’s price will move in a sideways trend. On March 11, the bulls tested the level and were repelled. The bears have broken the 12-day EMA and the 26-day EMA as the crypto’s price fell to the bearish trend zone. The crypto’s price has fallen to a low of $3,927.20.

On the downside, if the bearish trend is continuing, the crypto’s price will further depreciate to the previous low at $3,790.40. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. On March 11, the bears finally broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. Since the crypto’s price is below the EMAs, the crypto’s price is likely to fall.

As the bulls made a pulled back, the 12-day EMA is restricting upward price movement. Today, the crypto’s price is below the EMAs indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 11, 2019

  • The price of Bitcoin failed to break the $4,000 resistance level.
  • On March 9, the bulls were resisted at a high of $4,046, and the BTC price fell and broke the 12-day EMA.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Last week, the price of Bitcoin was in a bullish trend. The crypto’s price was trading above the $3900 and was attempting to break the resistance level. Each time the bulls tested the $4000 resistance level, the crypto’s price will fall to the bearish trend zone. On March 9, the bulls were resisted at a high of $4,046, and the BTC price fell and broke the 12-day EMA.

The crypto’s price is now trending and trading above the 26-day EMA. On the downside, if the bears break the EMAs, the BTC price will fall to the bearish trend zone. On the upside, if the bulls commence its bullish trend at the  support of  the 26-day EMA, the BTC price will rise and resume the bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. On March 9, the crypto’s price fell to the bearish trend zone and commenced a range bound movement at the price of $3,981. The bulls were being resisted at the bearish trend zone.

On the downside, if the bulls to break above the EMAs, the BTC price will face the $4,000 resistance level. Today, the crypto’s price is above the EMAs indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Bitcoin (BTC) Long-Term Price Forecast: March 9, 2019

  • On December 20, 2018, January 6, and February 23, the bulls tested the $4,200 resistance level and were resisted.
  • On the upside, the bulls will overcome the bears at the $4,200 price level if more buyers are introduced at the $4,000 price level.
BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,900, $3,800, $3,700

The BTC/USD pair had been in a bullish trend since the beginning of March. The price of Bitcoin had been trading above the 12-day EMA and the 26-day EMA which invariably allows the price to rise. In the previous months, the cryptocurrency had been facing resistance at the $4,200 price level.

On December 20, 2018, January 6, and February 23, the bulls tested the $4,200 resistance level and were resisted. This level is now a strong resistance level for the price of Bitcoin. On the upside, the bulls will overcome the bears at the $4,200 price level if more buyers are introduced at the $4,000 price level.

Also, the bulls should sustain a price above the EMAs. On the downside, if the bears break below the EMAs, the BTC price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

Author: Azeez M


Bitcoin (BTC) Daily Price Forecast: March 8, 2019

  • The crypto's price is  above the $3,900 price level but unable to break the $4,000 resistance level.
  • On the upside, if the bulls break the $4,000 resistance level, the price of Bitcoin will reach a high of $4,200.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, March 7, the price of Bitcoin was in a bullish trend. The crypto’s price is still ranging above the $3,900 price level in the last 48 hours. The BTC price is ranging above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The crypto's price is  above the $3,900 price level but unable to break the $4,000 resistance level.

On the upside, if the bulls break the $4,000 resistance level, the price of Bitcoin will reach a high of $4,200. On the other hand, if the bulls fail to break the $4,000 resistance level, the crypto will resume its range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. The crypto’s price bars are trending above the 12-day EMA as the bulls make a series of higher highs and higher lows.

On the downside, if the crypto’s price breaks below the 12-day EMA and the 26-day EMA, the BTC price will fall. Today, the crypto’s price is above the EMAs indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: March 7, 2019

  • The crypto’s price reached a high of $3,975 but faces resistance at the $4,000 price level.
  • Also, if more buyers are introduced at this price level, the bulls may overcome the resistance at the $4,200 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, March 6, the price of Bitcoin was in a bullish trend. The BTC price reached a high of $3,948.40 and became range bound at that price level. The crypto’s price reached a high of $3,997 but closed at a price of $3,975. Yesterday, it was assumed that the crypto’s price was going to retest or break the $4,200 price level.

On the upside, if the price is sustained above the 12-day EMA and the 26-day EMA the crypto’s price would break the $4,200 price level. Also, if more buyers are introduced at this price level, the bulls may overcome the resistance at the $4,200 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. The crypto’s price bars are trending above the 12-day EMA as the bulls make a series of higher highs and higher lows. A bullish candlestick is attempting to break the $4,000 price level but the price is being resisted. Today, the crypto’s price is above the EMAs indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: March 6, 2019

  • The crypto's price is now trading above the $3,900 price level.
  • On the upside, if the price is sustained above the EMAs, the crypto will retest the $4,200 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3,600

Yesterday, March 5, the price of Bitcoin was in a sideways trend. The BTC price was ranging above the $3,700 price level. Yesterday, it was assumed that the BTC price would further depreciate to the $3,600 price level since the price was in the bearish trend zone. Today, the bulls have broken the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

The crypto's price is trading above the $3,900 price level. In the bullish trend zone, price tends to rise. On the upside, if the price is sustained above the EMAs, the crypto will retest the $4,200 price level. However, the BTC price may face resistance at the $4,200 price level. On the downside, the crypto's price is retracing and if it breaks below the EMAs, the price of Bitcoin will fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. Yesterday, the BTC price broke above the EMAs and reached a high of $3,931. The crypto's price is now rising in a sideways trend.

The retraced price is now testing the 12-day EMA probably to commence another bullish movement. Today, the crypto’s price is above the EMAs indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Technical Analysis: March 5, 2019

Latest Bitcoin (BTC) News

It is the end of the road for the embattled CEO, Francesco Firano of BitGrail exchange.

After deliberation and factoring in all evidence, an Italian court has found the entrepreneur personally liable for the $180 million hack and he will, therefore, reimburse all the sums as restitution to the exchange’s clients. Early last year, the exchange came under attack and a “hacker” made away with $195 million worth of Nano—17 million Nano coins disappeared.

Read: The Day Bitcoin Arrives is the Same as When Cryptocurrency is Synonymous with Social Media Acceptance

Initial investigation revealed that the failure was on the exchange’s part as they held all Nano coins in a hot wallet against industry security practices. That’s not all, court papers indicate that BitGrail nodes made the request several times and allowed the funds to leave the exchange’s wallet.

“[It] was the BitGrail exchange that actually requested to the node multiple times to allow the funds to leave the wallet (funds that in fact, had already left the account after the first request) and not the Nano network that allowed multiple withdrawals. The shortfall reported by Firano in February was caused by a transfer request generated by BitGrail multiple times upon receiving a single request from the user.”

Also Read: [A BTC First] Bitcoin Developers Make International Lightning Network Payment Using Radio Waves

This is a landmark ruling and already, Firano has been forced to surrender $1 million in cash and other assets including cars as restitution begins. Will this set precedence and kickstart a process where reckless exchanges are held liable for asset losses? Good news is, Japanese FSA have stringent measures in place as they protect investors against such heavy losses.

BTC/USD Price Analysis

In recent days, Bitcoin (BTC) has been under pressure and is down 2.2 percent in the last week. Even so, we are bullish expecting prices to recover now that the world’s most valuable coin is trading within a bullish breakout pattern after closing above $3,800 on Feb 18.

As mentioned in our previous trade plans, risk off traders can buy on every dip with the first target at $4,500 as long as support is found above $,3700—800 zone—where prices are currently oscillating at. While ceilings are clear at $4,500, the fact that sellers are yet to comprehensively confirm losses of Feb 24 points to increasing BTC demand in lower time frames.

Any spike in transaction volumes that will subsequently lead to today’s bar closing as a bull bar as will cement our assertion. Ideally, volumes above 40k that prints a bull bar will spur interest and from candlestick arrangement could lead to a breakout above the $1000 consolidation as prices march to $6,000. If not and prices dip below $3,500—our lower limits, then odds are Bitcoin could collapse back to $3,200 or lower.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: March 5, 2019

  • The crypto's price is fluctuating above the $3,700 price level.
  • On the upside, if the bulls fail to break above the EMAs, the crypto will continue its range bound movement.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3, 500

Yesterday, March 4, the price of Bitcoin was in a bearish trend. The bears broke the 12-day EMA, the 26-day EMA and crypto's price fell to a low of $3,798.10. This bearish movement was after the BTC price was in a range bound movement. Today, the BTC price is in another range bound movement. The crypto's price is fluctuating above the $3,700 price level.

Yesterday, it was assumed that the crypto's price was likely to depreciate further to the lows of $3,600 and $3,700 . On the upside, if the bulls fail to break above the EMAs, the crypto will continue its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the sideways trend zone. Yesterday, after the bearish trend the crypto's price commenced a range bound movement above the $3,700 price level. The crypto's price is now ranging below the 12-day EMA and the 26-day EMA.

If the bulls break above the EMAs, the crypto will be in the bullish trend zone. Today, the crypto’s price is below the EMAs indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: March 4, 2019

  • The crypto's price is below the EMAs which indicates that the price is likely to fall.
  • The crypto's price is currently falling and if price breaks below the $3,800 price level, the crypto's price will depreciate further to the lows of $3,600 and $3,700 .

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Last week the price of Bitcoin was in a sideways trend. The 12-day EMA and the 26-day EMA were trending horizontally indicating the sideways trend. The crypto's price was fluctuating between the $3,800 and $3,900 price levels. The crypto's price is below the EMAs which indicates that the price is likely to fall. This week the BTC price is likely to trade below the bearish trend zone except there is a price breakout.

The crypto's price is currently falling and if price breaks below the $3,800 price level, the crypto's price will depreciate further to the lows of $3,600 and $3,700 . On the upside, if the bulls fail to break above the EMAs, the crypto's price will continue its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the sideways trend zone. Last week the crypto's price was fluctuating below and above 12-day EMA and the 26-day EMA. Neither the bulls nor the bears have upper hand. This week the crypto's price is below the EMAs which indicates that price is likely to fall. Today, the crypto’s price is below the EMAs indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Long-Term Price Forecast-: March 2, 2019

  • The crypto appreciated by 11% of its capitalization in the month of February.
  • On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $4255 resistance level and reach a high of $4,500.
BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,900, $3,800, $3,700

The BTC/USD pair was in a bullish trend in the month of February 2019. On February 1, the price of Bitcoin has an opening balance of $3,503.80. On February 28, the crypto has a closing balance of $3,894.0. The crypto appreciated by 11% of its capitalization in the month of February. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. On February 23, the bulls reached a high of $4,255 but were resisted. The crypto had a downward correction to the low of $3,831.30. On March 1, the bulls have broken the EMAs and approached the bullish trend zone.

On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $4255 resistance level and reach a high of $4,500. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Bitcoin (BTC) Technical Analysis: March 1, 2019

Latest Bitcoin News

New York is one of the largest states in the US but thwarting the rapid spread of cryptocurrencies are stringent regulations put forth by the NYDFS demanding that all cryptocurrency related businesses serving NY residents must apply and obtain a license, a BitLicense, before rolling out their services. Few like Winklevoss Brother’s Gemini are compliant but the majority like CoinBase are obviously apprehensive, preventing NY users from purchasing digital assets like XRP as mentioned when they historically supported the world’s third-largest coin.

Read: Standard Bank In South Africa Set To Leverage Blockchain Payments System And Connect Shyft App

Considering the global and even unregulated nature of cryptocurrencies and stipulations that all BitLicense holding firm must submit reports and disclose their financials, most VCs are not willing to go down the tedious disclosure route. However, by the look of things, California might be following the NY route if the AB-1489 Virtual Currency Businesses: Regulation bill sails through. The bill, as controversial as it is, will enact the Uniform Regulation of Virtual Currency Businesses Act meaning all businesses engaged in cryptocurrencies must either be registered with the Department of Business Oversight or be licensed.

Also Read: Bittrex Becomes Frontman Investor in VALR Trading Platform’s $1.5 Million for South African Expansion

Besides, the bill will explicitly define virtual currency as money but not legal tender, set out rules for licensure which also include “provisions for recognition of a license from another state” while granting “department specified enforcement authority over these businesses, including specified civil penalties.” No doubt, if this bill is passed then crypto businesses will flock out of California giving a pass to regulated ones as Gemini room to cement their position and market themselves as a compliant entity. To some degree, liquidity will suffer but will recover always.

BTC/USD Price Analysis

Bitcoin

All the same, Bitcoin prices are stable but with increasing volumes over the last couple of days, prices seem to be accumulating.

Despite this optimism, we must note that there is liquidation pressure mainly because of events of Feb 24 when BTC prices caved in, sinking and printing double-digit losses by trading day’s close. Add this to a top-down approach which places bears at an advantage confirmed by an effort versus result analysis due to the failure of bulls to reverse losses of Feb 24, it is likely that Bitcoin prices will slide.

However, since there has been no follow through and prices are accumulating above the all-important breakout and support level at $3,800, risk-off or aggressive type of traders can buy on dips with first targets at $4,500—Dec 2018 highs. It is only after there is a conclusive break and closes above $4,500 that risk-on, conservative traders—as stated in previous BTC/USD analysis, can buy on dips with first targets at the elusive $6,000.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: March 1, 2019

  • The BTC price is likely to face either a price breakout or a price breakdown.
  • A price breakout, if the bulls break above the EMAs and the crypto resumes its uptrend.
  •  A price breakdown, if the bears break below the $3,900 price level and the crypto resumes its downward trend.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, February 28, the price of Bitcoin was in a sideways trend. The bulls were resisted again yesterday after testing the 26-day EMA. The BTC price has been ranging in the past six days without any significant price movement. The buyers and sellers were undecided above the $3,900 price level. The small body candlesticks like Doji and Spinning tops represent the indecision of buyers and sellers at the current market price.

The BTC price is likely to face either a price breakout or price breakdown. On the downside, if the bears break below the $3,900 price level, the crypto will resume its downward trend. On the upside, if the bulls break above the EMAs,the crypto will resume its uptrend . Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the sideways trend zone. The 12-day EMA and the 26-day EMA are trending horizontally. Yesterday, the crypto’s price was above and below the EMAs. Today, the crypto’s price is below the EMAs indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: February 28, 2019

  • Price of Bitcoin is ranging above the $3,900 price level.
  • If the bulls fail to break above the EMAs, the crypto will continue its range bound movement.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, February 27, the price of Bitcoin was in a sideways trend. Price of Bitcoin is ranging above the $3,900 price level. The crypto’s price was trading below the 12-day EMA and the 26-day EMA. Yesterday, the bulls attempted to break the 12-day EMA but were repelled. Today, the bulls are trying to break above the EMAs.

If the bulls fail to break the EMAs, the crypto will continue its range bound movement. On the downside, if the bears break the $3,900 price level, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bullish trend zone. The BTC price was ranging below and above the 12-day EMA and the 26-day EMA. Yesterday, the bears broke the below the EMAs and the bulls pulled back above the EMAs.

The crypto’s price is trading at $3,909.60 above the EMAs as at the time of writing. Today, the crypto’s price is above the EMAs indicating that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: February 27, 2019

  • The crypto’s price is trading at $3,882.70 in a sideways trend.
  • If the downward trend continues, the crypto’s price will fall and find support at either $3,600 or $3,700 price levels.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, February 26, the price of Bitcoin was in a sideways trend. Price of Bitcoin is still ranging above the $3,800 price level. There has been no significant price movement as the crypto trades below 12-day EMA and the 26-day EMA. The crypto’s price is trading at $3,882.70 and now in a downward fall. If the downward trend continues, the crypto’s price will fall and find support at either $3,600 or $3,700 price levels.

On the upside, the crypto’s price will begin its bullish movement when it falls to its previous low at $3,831. If it breaks above the EMAs, the crypto will be in the bullish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the sideways trend zone. Yesterday, the bulls made attempt to break above the EMAs. Each time the bulls attempt to break either the 12-day EMA or the 26-day EMA, it would be resisted by the EMAs. The BTC price is now in a downward trend. Today, the crypto’s price is below the EMAs indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: February 26, 2019

  • On the upside, if the bulls break above the EMAs, there is the likelihood for a price to revisit the $4,000 price level.
  • If the bulls are resisted by the EMAs, the crypto’s price will fall and find support at either $3,600 or $3,700 price levels.

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, February 25, the price of Bitcoin was in a sideways trend . The BTC price fell to its low at $3,831.30 and commenced a range bound movement. It was assumed yesterday that the crypto’s price is likely to continue its fall since it is in the bearish trend. The bulls made a bullish movement to the 12-day EMA and the 26-day EMA. Today, the 12-day EMA is resisting the bullish movement.

If the bulls are resisted by the EMAs, the crypto’s price will fall and find support at either $3,600 or $3,700 price levels. On the upside, if the bulls break above EMAs, the crypto will be in the bullish trend zone. There is the likelihood for a price  to revisit the $4,000 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the sideways trend zone. Yesterday, the crypto’s price was in the bearish trend zone. The bulls broke above the EMAs to reach the bullish trend zone. The BTC price while in the bullish trend zone, slide back to a sideways trend.

Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: February 25, 2019

Latest Bitcoin News

Americans and Europeans learned a lot from the great financial crisis of the 2008-09. Meanwhile, the Japanese are still recovering from the hammering of the real estate crisis of 1989-90. The Black Swan and 30 years later, the economy is struggling and ravaged by deflation and near zero government bond yields. While government interventions were borne out of the Black Swan, the GFC birthed a revolutionary currency, a blockchain based solution that excise weakness of government issued coins—transparency and trust.

Read: Bitcoin Whale Watching Gone Wild: Last 30 Days of the Top 100 BTC Whales’ Wallets Updates

With no third parties, Bitcoin is increasingly becoming a savior to citizens in countries under economic distress. It is particularly changing lives in Venezuela and as the political duel between the opposition and the incumbent spiral into a humanitarian crisis, at least citizens can once and for all save their stash in censorship resistant and global coin immune to local politicking—Bitcoin.

Also Read: Cryptocurrency Exchange Binance Reports System Overload As Bitcoin Drops to $3,850 BTC/USD

Records show that the peer to peer exchange LocalBitcoins is printing record volumes and even as the government survey transactions, it cannot stop users from buying the new digital gold as it the only route to prevent a possible financial suicide.

BTC/USD Price Analysis

What we have in the daily chart is a classic double bar bear reversal pattern fuelled by above-average trade volumes. While unexpected as it is, the liquidation leads to a dark engulfing bar and may be the precursor for a further sell-off in days ahead.

Note that BTC is technically bearish and as long as prices are trading below Dec 2018 highs of $4,500—according to data streams from BitFinex, there is a real possibility of prices melting below $3,800 and $3,500 as sellers of mid-Nov 2018 flow back.

All the same, we shall retain a bullish outlook and this position is taken simply because of favorable price action as well as low trade volumes registered yesterday. It is true, the bar had high volumes but at the end of the day, volumes were below those of Feb 18—37k.

Besides, Feb 18 gains are yet to be reversed. However, that depends on today’s price action. If sellers press higher today and wipe those gains, it is likely that prices will drop to $3,800—our breakout level. Any break below this level could trigger a temporary sell-off towards $3,500 and it the reaction at this lower limit that would determine price trajectory of the next few weeks.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: February 25, 2019

  • The BTC price was resisted at the $4,266.60 price level and it fell to the low of $3,869.50.
  • If the bears break below the $3,800 price level, the crypto’s price will find support at either $3,600 and $3,700.

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Last week the price of Bitcoin was in a bullish trend. On February 17, the crypto’s price rose from a low of $3,678.50 to a high of $4,282.40. The bulls reached above the $4,200 resistance zone but had a price breakdown. The BTC price was resisted at the $4,266.60 price level and it fell to the low of $3,869.50.

As the bears broke the 12-day EMA and the 26-day EMA, the crypto’s price is in the bearish trend zone. Crypto’s price is likely to fall again. If the bears  break below the $3,800 price level, the crypto’s price will find support at either $3,600 and $3,700. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. The BTC price reached above the $4,200 price level but tested the $4,247 and $4, 258.70 price levels before falling below the 12-day EMA and the 26-day EMA.

The crypto’s price fell to the low of $3,870.40 and commenced a range bound movement. The BTC price is likely to fall again because it is below the EMAs. Meanwhile, the BTC price is below the EMAs which indicate that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Long Term Price Forecast: Feb 23, 2019

  • The price Bitcoin has reached a high of $4,056 but may face resistance at the $4,200 price level.
  • If the bulls have a price breakout, the resistance level will be broken and the crypto will reach the highs of $4,500 and $5,000.
BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,900, $3,800, $3,700

The BTC/USD pair is now in a bullish trend zone in the month of February 2019. The crypto has an opening balance of $3,503.80 in the month of February. On February 8, the bulls broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The crypto’s price reached a high of $3,800 but closed at a price of $3,724 because of the resistance at $3,700. The BTC price was in a range bound movement for a week before the $3,700 resistance level was broken. The crypto’s price has reached another high of $4,056 but may face another resistance at the $4,200 price level.

This resistance level has not been broken since November 24, 2018. On the upside, if the bulls have a price breakout, the resistance level will be broken and the crypto will reach the highs of $4,500 and $5,000. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Bitcoin (BTC) Daily Price Forecast: February 22, 2019

  • The BTC price is facing resistance at the $4,200 price level.
  • The BTC price recovers from its range bound movement above the $3,900 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, February 21, the BTC price was in a bearish trend. The BTC price reached the $4,145 price level and was resisted by the bears. A bearish Hammer candlestick shows a reversal of the current bullish trend. The bears broke the 12-day EMA but were unable to break the 26-day EMA. The cryptocurrency fell to the support of the 26-day EMA. Presently, the BTC price fell and commenced a range bound movement at the $3,900 price level.

If the bulls have a price breakout at the $3,900 price level, the bulls will break the $4,200 resistance level. On the other hand, if the bears have a price breakdown at the $3,900, the crypto will resume its downward trend. Nevertheless, the price of Bitcoin is back above the $4,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bullish trend zone. Yesterday, the BTC price was below and above the 12-day EMA and the 26-day EMA. Also, the EMAs were trending horizontally as the BTC price was range bound at the $3,900 price level.

Today, the crypto’s price is above the EMAs and the crypto is now trading above the $4,000 price level. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


BTC Price Watch Reveals Strong Resistance at $4,000, Analyst Reminds Everyone to Hold Their Horses

As many of our readers are probably well aware of, the past few days have seen Bitcoin [BTC] make a strong rally— with the premier digital currency now hovering around the $3,900 mark. However, despite all of this recent bullish momentum, BTC has not been able to move past its closest resistance level of USD $4,000.

In the wake of all these developments, many experts now believe that the price of Bitcoin is destined to stoop a little lower before finally crossing the $4,000 threshold.

Regardless Of Ongoing Surge, Market Conditions At Large Remain Bearish for Bitcoin

On the subject of Bitcoin’s recent market ascent, eToro’s Mati Greenspan, recently spoke with a reputable media outlet wherein he claimed that while BTC’s ongoing financial push was a good sign for the currency, the crypto market at large was still in the grips of heavy bearish conditions.

Elaborating further on his stance, Greenspan was quoted as saying:

“For those who are in from the bottom it’s great because some of the coins like Litecoin have doubled, but we are still in a strong bear market…The big level isn’t until $5,000, which coincides with the 200-day moving average. If we get a strong break of that, that’s when things start to change,”

It is also worth mentioning that Greenspan is of the opinion that as-and-when Bitcoin is able to break beyond the $4k mark, the price-point will turn ”into a support level for the asset”.

A More Detailed Look At The Matter

On the subject of BTC’s impressive performance, an online trader by the name of Flood recently took to Twitter to tell his followers that the premier crypto asset

“will most likely stoop to $3,800 before surging once again”.

Flood, who has over 60K followers on the above mentioned social media platform was also quoted as saying:

Similarly, Josh Rager, another independent cryptocurrency analyst said that if his estimates are to be believed, Bitcoin needs to break past the $4K mark if it wants to stay in the $4,500 region. However, he also noted that BTC could face new lows in the coming few weeks if market support starts to dry up.

Final Take

In rounding off this piece, it now remains to be seen how the future of the digital-asset market plays out. However, if this current market momentum can be maintained, it is quite likely that we will see BTC scale above the $4.5k mark fairly soon.

Author: Shiraz J


Bitcoin Price Watch: BTC Value Analysis Shows Newfound Confidence at Current Trading Levels

The past week has been great for Bitcoin and the whole crypto market overall. After hovering in the $3,600 level for a month, the market finally saw some positive momentum last weekend. Since then, Bitcoin’s price gained over 10% and was able to find new support. At the time of writing, Bitcoin is trading at $3,999 if the current level can hold the market may regain some newfound confidence.

In recent news, Senior Vice President Jesse Lund of IBM is bullish on Bitcoin. In an interview with Crypto Finder at the recent IBM Think Conference, when asked for his prediction of Bitcoin’s price for New Year’s eve of 2019 he said:

“I think it’s going to be higher. I’ll go with $5,000. But let me just say this, I have a long term outlook. [] I see bitcoin at a million dollars someday, and I like that number because [] if Bitcoin is at a million dollars, then Satoshi is on value parity with the US penny.”

Definitely a bold prediction but one that does make perfect sense. Jesse also mentioned Stellar with their partnership with chain called interstellar and how they were looking to commercialize the decentralized exchange already existing on the Stellar network.

On another note, Chonis Trading on twitter showcased his pattern analysis using fib extensions. His opinion is that unless Bitcoin closes above $4k, there will be strong rejection.

For the bulls out there, one can only hope that BTCUSD at least stays at this level to establish strong support, otherwise we may see a dip back down to the mid $3,000s.

Another chart by @CryptoChartsJoe on twitter is quite bullish on Bitcoin. Looking at the 4 hour chart, the price could be considered trading in a bull flag, meaning there is more positive momentum in the near future. As of right now things are looking pretty good but the trading volume needs to stay high in order to continue with the positive momentum

Last but not least, let’s take a look at another bearish chart. Cryptopreneur on twitter is using the ichimoku technical indicator to predict a new low for Bitcoin in the near future.

It’s obvious there are plenty of varying opinions on Bitcoin’s price as of right now. Even with the recent bull run, most traders are still skeptical of a trend reversal. That is understandable as calling a trend reversal on a year long bearish run will take much more than a 10% rise.

Click to see the full-size image

At the time of writing, Bitcoin is trading at $4055 with an RSI of 70. The RSI is still in the healthy threshold but just barely. If the price rises any more the indicator will signal an overbought market. Bollinger bands tell a similar story with the current price being at the upper limit of the indicator. It wouldn’t be unlikely for BTCUSD to retreat a bit before deciding on its next move.

Author: Mark A


Bitcoin (BTC) Daily Price Forecast: February 21, 2019

  • The price of Bitcoin reached above the $4,000 mark and fluctuates above it.
  • The crypto’s price is expected to reach the highs of $4,500 and $5,000 but may face resistance at the $4,200 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, February 20, the BTC price was in a bullish trend. On February 19, the bulls reached a high of $4,056.90 and the bears made a downward correction to the low of $3,989.90. Yesterday, the bulls reached a high of $4,055 and continue fluctuating above it. Today, the crypto is also fluctuating above the $4,000 price level.

Presently, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The crypto’s price is expected to rise and if it does, it may face resistance at the $4,200. Nevertheless, if the BTC price is at the $4,200 price level and faces resistance, it will embark again on another range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bullish trend zone. Yesterday, the bulls reached the $4,000 price level and commenced a range bound movement above it. Today the crypto’s price is still continuing its range bound movement.

The crypto’s price is trending above the 12-day EMA and the 26-day EMA which indicates that price rising. The EMAs are trending horizontally indicating the sideways trend. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: February 20, 2019

  • The crypto's price is likely to continue its rise if more buyers come in at the $4,000 price level.
  • The BTC price now ranges above the $3,900 price level as a result of the resistance at the $4,000 price level.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, February 19, the BTC price was in a bullish trend. The bullish trend has been terminated as a result of the broken trend line. Yesterday, the BTC price was trading at $4,056.90 but was resisted at the $4,000 price level. The crypto's price was repelled and was in a range bound movement at the $3,900 price level. The crypto’s price is still above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

On the upside, the BTC price is likely to continue its rise, if more buyers come in at the $4,000 price level. Also, if the bulls break the $4,000 and $4,100 resistance levels. On the downside, if the bears broke below the EMAs, the crypto will fall in value. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. Yesterday, the bulls tested the $4,000 resistance level and were repelled as price moved in a range bound movement. The crypto’s price has broken below the EMAs the bulls are making a comeback above the EMAs.

The BTC price is expected to rise if the crypto’s price is sustained above the EMAs. Meanwhile, the BTC price is below the EMAs which indicate that price is in the bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: February 19, 2019

  • The BTC price has risen and closed to the $4,000 price level.
  • Technically, the upward price movement may have been interrupted as the price is range bound.

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3, 500

Yesterday, February 18, the BTC price was in a bullish trend. The BTC price was making a series of higher highs and higher lows. Yesterday the 12-day EMA and the 26-day EMA were trending northward. A trend line is drawn showing the support levels of price where traders can initiate their long trades.

The bullish trend line is ongoing because the bullish trend line is not broken. The bullish trend is said to be terminated when the trend line is broken and the following candlestick closed on the opposite of it. The price of Bitcoin is trading at $3,969.9 as at the time of writing. The crypto is expected at the $4,000 and $4,200 price levels. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. The crypto’s price is in a smooth uptrend. The 12-day EMA and the 26-day EMA were trending northward. The bullish trend is said to be terminated because the trend line is broken and the following candlestick closed on the opposite of it.

Yesterday, the bulls broke the resistance level of $3,800. The BTC price is expected to above the $4,000 price level. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Technical Analysis: February 18, 2019

Latest Bitcoin News

Marking the growth of any business is not more of the price but of adoption level. As a proven utility, over the years, the exponential growth of Bitcoin has been nothing but impressive. Marking demand has the precipitous rise of prices from lows of less than $100 to current spot rates of $3,950–or thereabout depending on where you draw data.

Read: Back in the Bull Times: Investor Paid Near $20,000 for Bitcoin on a Small Brazilian Exchange

All the same, a better measure is adoption and in recent times, the advent of the Lightning Network–though in beta–promises to be shaping. In less than a year, the Bitcoin Scaling proposal continues to draw funding from tech luminaries including Jack Dorsey. Interestingly, he is not shy to say Bitcoin–despite competition from emerging currencies will be the undisputed internet’s money and to that end, he has plans in place to integrate the high throughput, low fee scaling option in Cash.

Also Read: Cryptocurrency Haters and Doubters, Bitcoin Really is Money… Here’s Why

That will no doubt mean a further expansion in capacity meaning there will be more people who can make micro-payment using Bitcoin paying for coffee and even Pizza. Note that, through Lightning Pizza, Bitcoin holders in the users can at any time order and spend their BTC for Pizza in a move that will cement Bitcoin as a medium of exchange and an upcoming competitor for government-issued fiat. That’s not all, Trading View— a site where traders, as well as investors, are draw market insight now, accepts BTC, unpegged from fiat, at 0.09 BTCs.

Bitcoin BTC/USD Price Analysis

Bitcoin

Price wise, BTC is up three percent in the last 24 hours and that means prices are trending above Feb 8 highs. As it is, our anchor bar is Feb 8 and as a high volume bar, it is trendsetting and shapes price action in the short-term.

Moving on, it is clear that trade conditions set in our last trade plans are true and with a high-volume bull bar now thrusting prices above $3,800, the path towards $4,500–Dec 2018 highs and later $5,800–$6,000 are now paved.

It’s easy to see why. Not only does this bar complement those of Feb 8 but also bring forth price action of mid-Dec 2018 and as long as prices find support at 78.6 percent Fibonacci retracement mark of Dec 2018 high low, the path towards $4,800 appear inevitable. In that case, risk off traders can at any time fine tune entries in lower time frames with first targets at $4,500 and if prices are extended, then $5,800 and even $6,000.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: February 18, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3, 500

Last week the BTC price had been in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating the sideways trend. The crypto's price had been ranging above the $3,600 price level. On February 17, the crypto's price was resisted at the $3,800 price level. The $3,800 was the support level for the bulls on December 31, 2018.

This level was broken by the bears on January 10, 2019, which is now a resistance level for the bulls. It was assumed that if the crypto's price is sustained above the EMAs and the bulls break the $3,800 resistance level, the crypto will reach the highs of $4,000 and $4,200. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. The price of Bitcoin is fluctuating below and above the 12-day EMA and the 26-day EMA. On February 17, the bears broke the EMAs as the price fell to the low of $3,680 to commence a bullish movement.

Last week it was also assumed that if the bears broke the $3,600 price level, the crypto will resume its downward trend. It was assumed that price will revisit the $3,400 price level. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Feb 16, 2019

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,500, $3,300, $3,100

Last month, January, the BTC/USD pair was trading in the bearish trend zone. With an opening balance of $3,832.60, the BTC price depreciated to the low of $3,503.80. In other words, in January, the crypto lost about 8.57% of its capitalization. In January the bears broke the $3,700 support level as price continued its fall to the $3,400 price level.

The broken support level of $3,700 is now a resistance level for the BTC price. On February 8, the cryptocurrency came out of the bearish trend zone as the bulls broke the 12-day EMA and the 26-day EMA. The crypto’s price reached a high of $3,800 but closed at a price of $3,724.

The crypto is facing resistance at the $3,700 and $3,800 price levels. Currently, the BTC price is retracing from the recent high and has fallen to the support of the EMAs. If the price is sustained above the EMAs, the crypto is likely to resume its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Bitcoin (BTC) Daily Price Forecast: February 15, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Yesterday, February 14, the BTC price was in the bearish trend. The BTC price fell below the EMAs after the range bound movement. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day. While the 12-day EMA and the 26-day EMA are trending horizontally indicating the sideways trend.

Meanwhile, the BTC price is ranging above the $3,600 price level. There was an earlier suggestion that if the bears had broken below the $3,600, the crypto might resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the sideways trend zone. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA. Presently, the crypto’s price is below the EMAs. Yesterday, the bears broke below the EMAs but the bulls have taken control as price break above the EMAs.

There is no clear direction as to where price will go after the range bound movement. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: February 14, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Yesterday, February 13, the BTC price was in the bearish trend zone. The BTC price had been ranging for some time and at the price above $3,600. Yesterday, the bears broke below the 12-day EMA and the 26-day EMA. However, the bulls recover quickly and brought price above the EMAs. If the crypto’s price had remained in the bearish zone, it would have commenced a downward trend.

Today, the bulls are breaking above the EMAs so the BTC price will remain in the bullish trend. The crypto’s price is expected to test or break the $3,800 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bearish trend zone. On February 13, the crypto’s price was at the low of $3,653.20 and the bulls broke above the EMAs. The BTC price rose to a high of $3,679.40 but price retraced and rested above the 26-day EMA.

The crypto’s price is expected to rise as the price is in the bullish trend zone. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: February 13, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Yesterday, February 12, the BTC price was in a sideways trend zone. The price of Bitcoin is still above the 12-day EMA and at the $3,700 price level. The BTC price is above the 12-day EMA and the 26-day EMA and has the tendency to rise. On the upside, if price rises and the bulls break the $3,800 resistance level the crypto will reach the high of $4,000.

On the downside, if the bears break the EMAs, the crypto will be in the bearish trend zone. This will further lead to the depreciation of the cryptocurrency. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bullish trend zone. Yesterday, the crypto’s price fell to the low of $3,658.80;as the bulls break the 12-day EMA, the 26-day EMA and reached the bullish trend zone.

On the upside, if the price is sustained and the bullish trend continues, the bulls will break the $3,800 resistance level. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: February 12, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Yesterday, February 11, the BTC price was in a sideways trend after the crypto attained the $3,736.90 price level. The sideways trend has resulted in the breaking below the 12-day EMA. If the bears complete the breaking of the 12-day EMA and the 26-day EMA, the crypto will find itself in the bearish trend zone.

On the downside, if the bears break the EMAs, the crypto will be in the bearish trend zone. This will result in the crypto falling in value. On the upside, if the bulls sustain a price above the EMAs the crypto’s price will rise. The BTC price is expected to reach the highs of $3,800 and $4,000 price levels. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the sideways trend zone. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto’s price is ranging above the $3,600 price level and below the EMAs.

In the 1-hour chart, the crypto’s price is likely to fall because the price is below the EMAs. Meanwhile, the BTC price is below the EMAs which indicate that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: February 11, 2019

Latest Bitcoin News

A while back, the former head of NASDAQ projected that by 2022, all tradable instruments including Real estate, stocks and bonds would be tokenized. If that is the case then the world would be tokenized in the next three years according to Robert Greifeld and we know what will happen if the global stock market valued market cap is valued at around $73 trillion is broken down to divisible assets that everyone can own—extreme demand, liquidity and an immediate spike in asset as well as asset market capitalization.

Read: Former NASDAQ CEO Predicts the Multi-Trillion-Dollar Global Market to be Tokenized, Is He Right?

The global stock market stands at $73 trillion but the combined value of the stock, bond, and real estate market cap is estimated to be around $503 trillion. Tokenization would not only mean an immediate windfall for coin asset prices but new regulator demands would emerge. Note that the SEC has the hands off these assets and to ensure fair playing field, rules have been formulated to punish those who flout these bare minimums.

On the other side, Bitcoin and most assets operate under the premise of decentralization and are global. This means applicable rules in one state may not apply in other areas opening out fractures that can be exploited for personal gains.

Also Read: Binance CEO Changpeng Zhao on the Bitcoin Revolution: “Beginning of the Beginning” Still

The modus operandi and the open-end nature complete tokenization combined with decentralization is what makes Jay Clayton wary of approving a Bitcoin ETF. To the SEC, before this new product rollout, sponsoring exchanges should employ better monitoring tools to prevent market manipulation.

BTC/USD Price Analysis

BTC bulls are back. Following Friday’s super surge from spot rates, it is clear that bulls found support, bouncing off $3,500 at the back of decent volumes. All the same, this is bullish and as long as prices are above $3,500, we expect bulls to jump in and propel asset prices above $4,500 and even to $6,000.

While we may be bullish thanks to the injection of demand, we also recommend patience. Our minor bull trigger is at $3,800. It wasn’t retested on Friday neither was the follow through bars strong enough to close above this mark.

All we can see is that bulls of late Dec were confirmed as prices continue to oscillate horizontally inside a $1,000 range with caps at $4,500—Dec 2018 highs and recent lows of $3,500—Data streams from BitFinex.

As such, our previous BTC/USD trade plans hold true meaning it is only until after BTC surge above $3,800 that we shall initiate first positions with first targets at $4,500. Ideally, gains above Dec highs satisfactorily confirm bulls of the week ending Dec 23, 2018, forming the basis for a possible wave of higher highs with first targets at $5,800–$6,000 zone.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: February 11, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Last week, the BTC price was in the bearish trend zone trading at the $3,400 price level. On February 8, the BTC price was in the bullish trend zone as the bulls broke the 12-day EMA and the 26-day EMA. The crypto’s price reached a high of $3,800 and commenced a range bound movement. Today, the crypto’s price is trading at $3,684 as at the time of writing.

The crypto’s price retraced to the support of the 12-day EMA. The BTC price is ranging above the 12-day EMA. The BTC price is likely to rise because the price is above the EMAs . On the other, if the bears break the EMAs, the crypto will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bullish trend zone. The crypto’s price reached a high of $3,800 but retraced to a range bound movement. The crypto’ price is ranging below and above the EMAs at the $3,700 price level. The crypto’s price is likely to rise if the price is sustained above the EMAs and the resistance level is broken. Meanwhile, the BTC price is above the EMAs which indicate that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Weekly Price Analysis: Feb 9, 2019

General Market Overview

Market Cap: $121,807,021,428 • 24h Vol: $24,759,467,157 • BTC Dominance: 52.9%

From Monday when the evaluation of the cryptocurrency market cap has been around $113,5 billion and has mostly hovered around those levels until Wednesday when it fell to the horizontal support at around $111,5 billion.

As the evaluation interacted with the horizontal support level for the second time it has retested and validated the presence of support which led to a bounce from the level and another retest yesterday when the evaluation came down to $111,215,000,000 at its lowest point.

Since yesterday’s interaction, the price has started increasing impulsively and as the momentum behind the move was strong both of the horizontal resistance line’s were broken and the evaluation came back to retest it for support, and judging by the current the support is where since the evaluation is staring another upward trajectory currently sitting at $121,738,107,086.

Bitcoin’s market dominance has conversely been decreasing as it came down from 53.78% at its highest point of the week on Wednesday to 52.83% at its lowest point today.

For those familiar with my work I have always stated that the evaluation of Bitcoin’s market dominance serves as an inverse indicator of the market’s sentiment – if we are seeing the depreciation of Bitcoin’s market dominance that means that the market participants are feeling confident and are most likely buying altcoins with their Bitcoin in an attempt to make more money, but if the Bitcoin’s market dominance increases that would indicate a bearish sentiment as investors are most likely selling their altcoin positions for Bitcoin in order to then sell their Bitcoin for fiat or a stable-coin in an attempt to preserve their capital against further market depreciation.

The market is green today with an average percentage of change among the top 100 coins ranging from 2.8-5.36%.

News

Even though there weren’t any significant headlines over the week that were impacting the market and especially considering we have seen the recent increase which you would expect to see for the fundamental reasons, but the reasons are most likely price action based.

The most notable headlines this week were the following. In the first category, we can fit the real numbers and fact regarding the state of affairs in the crypto industry. The first in line is the report by Diar which has shed some light at the trading activity in the current market.

Report: Crypto Exchanges Experience Lowest Trading Volumes Since 2017

>Trading volumes on cryptocurrency exchanges have dipped to new lows in January, according to an analysis published by crypto and blockchain research firm Diar on Feb. 4.

Since the beginning of the year, digital currency exchanges have reportedly registered lower trading volumes, marking new lows that have not been recorded since 2017. Diar further notes that it has turned to be the worst period for the world’s leading crypto exchange by adjusted trading volume, Binance, as its Bitcoin (BTC)/U.S. dollar (USD) market reduced by more than 40 percent in comparison to December 2018.

As for the major American cryptocurrency exchange Coinbase, its BTC/USD market is purportedly also experiencing lows which have not been seen since May 2017, at around $1 billion.

This headline is of significance as it goes to show the fact that the majority of the speculative capital has left the market and the ones who are left are trading that much.

Six UAE and Saudi Arabian Banks Join Digital Currency Cross-Border Transaction Project

>Six commercial banks from Saudi Arabia and the United Arab Emirates (UAE) have joined a digital currency project, major Saudi Arabian financial news portal Argaam reports on Feb. 5

Referring to comments from the UAE central bank (UAECB), Agraam notes that the goal of the project is to use cryptocurrency for financing transactions between Saudi Arabia and the UAE

Multiple Saudi Arabia and UAE Commercial Banks Join Cross-Border Crypto Transaction Network

UAE to Discuss Blockchain and Digital Assets at 7th World Government Summit

The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit. The news was reported by business news outlet the Gulf Today on Feb. 7.

7th World Government Summit Held In UAE to Talk About Blockchain and Cryptocurrencies

Russia to Implement Blockchain Tech in University Exam for Education Quality Control

The Russian Federal Service for Supervision in the Sphere of Education and Science, (Rosobrnadzor) will implement blockchain technology in the country’s main graduation examination, major Russian news agency TASS reports Feb. 5.

Russia's Rosobrnadzor to Implement Blockchain for University's Unified State Exam Graduation

Canada: Blockchain Association Merges with Chamber of Digital Commerce

Canada’s largest blockchain trade association, the Chamber of Digital Commerce has united with the Blockchain Association of Canada (BAC), which will now go by the Chamber of Digital Commerce Canada. The merger was announced in a press release posted on the Chamber of Digital Commerce website on Feb 5.

The Chamber of Digital Commerce Requests US Government to Craft Blockchain Action Plan

Wall Street Blockchain Alliance Joins Enterprise Blockchain Consortium R3

>The Wall Street Blockchain Alliance (WSBA) has joined blockchain consortium R3 to develop applications and solutions on their Corda platform, a Feb. 5 press release reports.

According to a statement made by the CEO of R3, David E. Rutter, the WSBA and R3 will collaborate in order to “advocate a strategic approach to collaborating with regulatory bodies so that financial markets, and beyond can gain the full benefits of blockchain’s capabilities.”

The WSBA is a non-profit trade association that promotes the general adoption of blockchain technology and crypto assets across international markets.

R3 Corda Blockchain Consortium Partners With The Wall Street Blockchain Alliance

We can see that the major players are more and more starting to implement the blockchain technology in fin-tech especially and the adoption rate has been steadily increasing now especially among the big players as they are taking the advantage of the usefulness of the technology.

Bitcoin BTC/USD

From the start of the week on Monday 4th when the price of Bitcoin was $3506 at the open at the 0.618 Fibonacci level (blue), the price has been stuck in a horizontal range as it was in the second wave to the downside which was in time labeled as the impulsive 2nd wave as I was expecting another move to the downside like we have seen other times when the price broke out from the minor ascending channel.

The intersection between the falling wedge support and the horizontal support zone to $3340 was of interest for the potential ending point of the Minot WXYXZ correction but the correction ended on the same horizontal support level as the prior low at $3430.

When the Minor correction ended that meant that the Intermediate X wave ended ad the impulsive move the upside was expected which is what happened so in this analysis we are going to examine how further up will the price of Bitcoin go before a retracement and could this be the bottom of the bear market?

Zooming into the 4-hour chart we can see that the price of Bitcoin has broken out impulsively from the falling wedge in which it was correcting from 24th of December when the first impulsive move to the upside appeared.

The current impulsive move to the upside is a continuation of that recovery as it is the WXY Intermediate correction to the upside after an impulsive 12345 move to the downside from when the price of Bitcoin was at around $6500.

Because this move is only corrective in nature after it ends more downside would be expected for the price of Bitcoin which makes the likelihood of a bottom low. We might see a retracement back to the same levels on which the lowest point from the start of the bear market is at around $3230 as we have seen now on a lower time frame, but first, let's look at how far the price of Bitcoin could go before that happens.

You can see the projected ghost bar candles are interacting with the bold black line which is the most significant resistance point to the upside. That was previously the baseline support line from the start of the bear market which was broken on the mentioned impulsive move to the downside from $6500 area.

The Intermediate WXY correction is most likely a retest of the prior support for the resistance and that confirmes the W wave ending point which ended as a rejection at that level which is what I believe will happen in the case of the Y wave. We might see a quick peek above it for interaction with the horizontal resistance level at $3994.

Since the X wave ended slightly higher than the beginning of the W wave, we might see the Y wave slightly higher than the W wave.

Zooming out into the daily chart you can see that there is a possibility of the Bitcoin’s price recovering all the way up to $4811 where the descending triangle’s resistance line is. This descending triangle has been the main corrective structure since the start of the bear market and his outline was well respected and retested numerous times until we have seen a breakout to the downside on 21th of November.

This triangle consists of three Minor corrections which are the WXY of the Intermediate count and the Y wave from a Cycle count (blue). If the Cycle Y wave ending on the previous downfall then we are seeing the development of the Intermediate WXY to the upside which would be the second wave X from the Cycle count. If this is true that the price could very likely go to the mentioned levels.

The other scenario would be that the Cycle wave Y hasn’t ended and that we are seeing the continuation of the previous Intermediate WXY out of which the currently labeled Interstate WXY would be the second X wave. In that case, the target for the Y wave would be at the prior baseline support now serving as resistance and the price would head for another low as then the Z wave should start developing, ending potentially at $2926 horizontal level. This would be the end of the Cycle wave Y and then the second X wave would start.

In either way, in the upcoming period, I would be expecting more upside for the price of Bitcoin.

Market Sentiment

Bitcoin is in the buy zone as indicated by the 4-hour chart technicals with moving averages signaling a strong buy.

Pivot points
  • S3 3096.6
  • S2 3320.3
  • S1 3442.2
  • P 3544.0
  • R1 3665.9
  • R2 3767.7
  • R3 3991.4

Conclusion

The positive sentiment is starting to overrule the market both in price action and in the news. We are seeing the start of the expected recovery which is most likely going to last by the end of the next week and with small retracements along the way. The cryptocurrency market is headed for some more green days but that period is limited since this is an only correctional recovery before we are to see new lows for the prices and the market in general.

The speculative capital has been leaving the market which is a good thing so the underperforming projects that were relying on the hype are going down the total shakeout will occur before we see the market bottom out.

In the meantime, people are catching up and the adoption rate is going up as well as the technological improvements of the blockchain technology itself and the number of services is constantly increasing in an attempt to ease of the onboarding process for the new potential users which are a good thing.

The utility is going up and the technology is catching up which is why ultimately the new spark of interest will be ignited in the near future so unlike the last time the general public was interested in the cryptos this time the promise of the making money isn’t going to be enough which is why the industry needs to be ready for the influx of new users.

This would only bring maturity to the market and help it push toward global recognition and acceptance.

Author: Nikola L


Bitcoin (BTC) Long Term Price Forecast: Feb 9, 2019

BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,600, $3,400, $3,200

In the first week of February, the BTC/USD pair was in the bearish trend zone. Price of Bitcoin has an opening balance of $3,534.80. On January 10, the BTC price had been in the bearish trend zone when price fell to a low of $3,687.20. The cryptocurrency had been trading between the levels of $3,400 and $3,600 since January 10.

There was a suggestion that if the bears had broken the $3,400 price level, the crypto would have fallen to the previous lows of $3,000 and $3,200. Today, February 8, at the low of $3,438.20,the BTC price commenced a bullish movement. The bulls broke the 12-day EMA, the 26-day EMA to reach the bullish trend zone. The crypto's price is above the EMAs, and as such price is likely to rise if the bullish trend is sustained above the EMAs.

The BTC price is trading at $3,733.60 as at the time of writing. The crypto's price is expected to reach the highs of $4,000 and $4,200 price levels. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Bitcoin (BTC) Daily Price Forecast: February 8, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3, 200

Yesterday, February 7, the price of Bitcoin was in the bearish trend zone. In the last 48 hours, the market has been quiet and there seems to be no price movement. The trend line tool has not been tested and the bearish trend is ongoing. Except there is a price movement, a trader cannot initiate any trade.

The price of Bitcoin is still fluctuating above the $3,400 price level. Today, more additional small body candlesticks like Doji and spinning tops are forming. These candlesticks describe the indecision of buyers and sellers at the $3,400 price level. After the range bound movement if price tests the trend line and bounces back, the bearish trend is said to be on ongoing.

On the other hand, if price breaks the trend line and the following candlestick closes on the opposite of the trend line; then the trend is terminated. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bullish trend zone. Yesterday, the bears broke the EMAs and price fell to the low of $3,445.90. Thereafter, the BTC price began a range bound movement above the $3.400 price level. The crypto's price has broken the 12-day EMA, the 26-day MA and reached the bullish trend zone.

If the bulls break above the EMAs, the crypto's price will return to its $3,500 price level. If the bulls fail to break above the EMAs, then the downtrend will continue. Meanwhile, the BTC price is above the EMAs which indicate that price is likely to rise.


Bitcoin (BTC) Daily Price Forecast: February 7, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3, 200

Yesterday, February 6, the price of Bitcoin was in the bearish trend zone. The crypto's price was in a range bound movement above the $3,400 price level. Today, there has been no significant difference in price action in the last 24 hours. The bearish trend line has not been tested and the bearish trend is ongoing. Traders should wait for the price to test the trend line and to determine the position of the trend so as to initiate a trade.

After the range bound movement if price tests the trend line and bounces back, the bearish trend is ongoing. On the other hand, if price breaks the trend line and the following candlestick closes on the opposite of the trend line; then the trend is terminated. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. Yesterday, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $3,445.90. Thereafter, the BTC price began a range bound movement above the $3.400 price level. The crypto's price is currently approaching the 26-day EMA after breaking the 12-day EMA and attempting to reach the bullish trend zone.

If the bulls break above the EMAs, the crypto's price will return to its $3,500 price level. On the other hand, if the bulls fail to break above the EMAs, then the downtrend will continue. Meanwhile, the BTC price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: February 6, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3, 200

Yesterday, February 5, the price of Bitcoin was in the bearish trend zone. From the 4-hour chart, the BTC price fell to its low at $3,477.40 and commenced a bullish movement to break the 12-day EMA and the 26-day EMA. While in the bullish trend zone the crypto's price tested the trend line and bounced back. Today, the crypto's price has fallen to the low of $3,452.20 and Bitcoin is likely to continue its fall.

The reason for the price fall is that the bearish trend line has not been broken. Therefore, traders should initiate short trades. On the downside, once the $3,400 price level is broken, the crypto will revisit the lows of $3000 and $3,200. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. Yesterday, the crypto commenced a bullish movement that broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The BTC price began a range bound movement above the EMAs.

The 12-day EMA and the 26-day EMA were trending horizontally . Meanwhile, the crypto's price was resisted at $3,521, and it fell to the low of $3,452. Also, the BTC price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: February 5, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3, 200

Yesterday, February 4, the price of Bitcoin was in the bearish trend zone. Yesterday, the bullish movements were resisted by the 12-day EMA. In the last 24 hours, the price action has remained the same. The crypto is below the 12-day EMA, the 26-day EMA and it was trading at the $3,400 price level. The BTC price is still fluctuating above the $3,400 price level.

On the downside, the crypto’s price is below the EMAs which indicates that price will fall and revisit the lows of either $3000 or $3,200 price level. On the upside, the BTC price has to break the EMAs and price sustained above it. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bearish trend zone. Yesterday, the BTC price made a bullish movement and the bulls broke the EMAs to the bullish trend zone. However, the bulls could not sustain a price above the EMAs, as the bears brought price to the bearish trend zone.

Today, the bulls are attempting to break the 12-day EMA but the price is still ranging. Meanwhile, the BTC price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: February 4, 2019

Latest Bitcoin Price Analysis

In crypto there are risks. Measures are in place to make vital infrastructure as secure as possible and with regulators in place, implementation of security features as a way of preventing crime is mandatory in most territories. The FSA in Japan mandates every exchange to register and submit reports on a regular basis while South Korea’s FSC will always breathe fire. And it is understandable especially for victims who had to contend with heavy losses with no recourse or recompense in site.

Read: Twitter CEO Jack Dorsey Stays Bullish About Bitcoin as Internet’s Currency on Joe Rogan’s Podcast

Mt. Gox was a huge loss for victims and deflated interest in the space but Japanese authorities are doing a pretty good job putting founders to the task, confiscating wallets and trailing stolen coins. But it is the ongoing civil rehabilitation suit that is a ray of hope for many.

A trustee–Nobuaki Kobayashi– manages recovered loot and as investors seek for payouts, Coinlab may end up blocking all this after raising their stake from $75 million to $16 billion. They appear flippant, baseless and not in sync with what others are seeking out for which is compensation for lost funds. Instead, Coinlab is seeking damages from breach of contract.

Also Read: Top Cryptocurrency Payment Gateways for Bitcoin Businesses: BitPay, Coinbase, Gocoin, BTCPay

Questions are now beginning to emerge with Redditors claiming that this is a deliberate attempt by Coinlab to hijack the Civil Rehabilitation voting process.

BTC/USD Price Analysis

Back to price action and BTC is back to red. It is down 2.6 percent in the last week but pretty stable on the last day. Everything else constant, our last BTC/USD trade plan is valid. However, this bullish stance is dependent on how price action turns out to be in the next few hours.

Any break and close below the lower limit of our support level at $3,500 could see the coin meltdown, via panic sells, back to $3,200 or lower by close of the week. That’s undesirable but stands to happen mostly because of the lack of support for BTC prices in the last few days.

Note that even after Jan 29-30 double bull bar, there was no confirmation and buyers didn’t maintain the pump necessary to wipe out losses of Jan 28 completing a three bar bull reversal pattern, the Morning Star.

Moving on, we shall retain a solid but clear trade plan: BTC is bullish if and only if there are no confirmations of yesterday’s losses with prices springing above $3,800 by the end of the week. If not, it is likely that we are going to see sell-offs in days ahead. Note that losses below $3,500 confirms Jan 10 and Jan 20 bear bars forming the basis for a complete reversal of mid-Dec—early Jan rallies whose bases are at $3,200.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: February 4, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Last week the price of Bitcoin fell to the low of $3,430.10 while in the bearish trend zone. The BTC price made a bullish movement and broke the 12-day EMA, the 26-day EMA and reached the high of $3,548.80. The BTC price was resisted and it fell back to the $3,400 price level. This had been the scenario the previous week.

The crypto's price is making lower highs and lower lows. Today, the BTC price is below the EMAs and may likely fall. On the downside, if the bears break the $3,400 price level, the chances are that the crypto’s price will revisit the lows of either $3000 or $3,200 . On the upside, the BTC price has not been able to break the EMAs and price sustained above it.
Meanwhile, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. Last week, the price of Bitcoin was in a bullish trend but the price was not sustained above the EMAs. The price fell to the $3,400 price level.

On February 3, the bulls made another attempt at the EMAs as the crypto was resisted by the 26-day EMA. The crypto's price is now in a downward fall. Meanwhile, the BTC price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Long Term Price Forecast: Feb 2, 2019

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,500, $3,300, $3,100

The overall outlook for the BTC/USD pair is bearish in the month of January. On January 1, the price of Bitcoin has an opening balance of $3,832.60. However, as at January 31, the crypto's closing balance was trading at $3,503.80.

This indicates that the price of Bitcoin has depreciated by 8.57% of its capitalization. In the first week of January, the BTC price reached a high of $4,218 but the crypto faced resistance at the $4,000 price level. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $3,712.80.

The 12-day EMA has been resisting all the bullish movement as the bulls failed to break above the EMAs. Today the BTC price is trading at $3,543.50 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Bitcoin (BTC) Daily Price Forecast: February 1, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3, 200

Yesterday, January 31, the price of Bitcoin was in the bullish trend zone. The bulls reached the high of $3,553.40 and was resisted at the $3,600 resistance zone. The crypto fell and the bears broke below the 12-day EMA and the 26-day EMA. The price of Bitcoin is now trading at $3.477.70 in the bearish trend zone. Since the BTC price is below the EMAs, the crypto’s price may likely fall.

On the downside, if the bearish trend continues, the crypto will fall and find support at the previous lows of $3,200 or $3,000. Meanwhile, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the stochastic is out of the overbought region but below the 60% range which indicates that the price of Bitcoin is in a bearish momentum and a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. Yesterday, the price of Bitcoin was in a bullish trend as the crypto's price was making a series of higher highs and higher lows. However, the bullish trend was terminated as a result of the resistance at the $3,561.90 price level.

The BTC price is falling and approaching the low of $3,400 price level. Meanwhile, the BTC price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: January 31, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Yesterday, January 30, the price of Bitcoin was in the bullish trend zone. On January 29, the bulls broke the 12-day EMA, the 26-day EMA and reached the bullish trend zone. As the BTC price is above the EMAs, the crypto’s price is expected to rise. The BTC price will rise but may face resistance at the $3,600 price level.

Traders are expected to initiate long trades at the current market price. Meanwhile, the BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the stochastic is in the overbought region but above the 80% range which indicates that the price of Bitcoin is in a strong bullish momentum and a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. The price of Bitcoin is making a series of higher highs and higher lows in a bullish trend. A trend line is drawn to determine the duration of the trend. The trend line shows the support levels where traders can initiate long trades. Presently, the bullish trend is said to be ongoing because the trend line is unbroken.

However, a bullish trend is said to be terminated if the trend line is broken and the following candlestick closed on the opposite of it. The BTC price is trading at $3,353 as at the time of writing. Meanwhile, the BTC price is above the EMAs which indicate that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: January 30, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Yesterday, January 29, the price of Bitcoin was in the bearish trend zone. In the bearish trend, the crypto fell to the low of $3,430.10 and commenced a bullish movement to the EMAs. The BTC price reached the 12-day EMA and was resisted. On the upside, the bulls will have to break above the 12-day EMA, the 26-day EMA and the price sustained above the EMAs before the resumption of the bullish trend.

On the downside, the price is still being expected to fall because the BTC price is below the EMAs. It was earlier suggested that price would fall to the lows of $3,200 or $3,000 if the $3,500 price level was broken. Meanwhile, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bullish trend zone. On January 29, the BTC price fell to its low at $3,430.10 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. The bulls have broken the EMAs . On the upside, if the bulls break above the EMAs, the bearish trend is likely to be reversed.

On the other hand, if the BTC price is still below the EMAs the crypto will continue its fall. Meanwhile, the BTC price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: January 29, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,300, $3,200, $3,100

Yesterday, January 28, the price of Bitcoin was in the bearish trend zone. The BTC price was in a bearish trend breaking the $3,500 price level. It was earlier suggested that if the bears broke the $3,500 price level that could mean the continuation of the downward trend. It was also suggested that if the bears broke the $3,500 price level, the crypto might fall to the lows of $3,200 or $3,000.

Yesterday, the BTC price fell but to the low of $3,400 and it has since commenced a range bound movement. Today, the crypto’s price is trading at the price $3,489.40 in a range bound movement. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. On January 27, the bears broke the 12-day EMA, the 26-day EMA and the BTC price fell to the low of $3490. The price of Bitcoin is now ranging at the $3,400 price level.

Today, a bearish candlestick was resisted by the 12-day EMA. Meanwhile, the BTC price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: January 28, 2019

Latest Bitcoin News

There is a sweeping wave across Europe and America acknowledging the advantages of DLTs and their products as cryptocurrencies. States as Texas, Wyoming and New Hampshire don’t accept Bitcoin and cryptocurrencies as money—not yet, but property whose gains are subject to taxes.

Read: Jake Chervinsky Says Bill Exempting Crypto from Securities Laws Will Take Time to be Approved

Aside from Wyoming, New Hampshire and Indiana may follow the Wyoming route and by 2020, they may have an arrangement with a third party where businesses can pay their taxes in BTC straight to the State’s treasurer. This is interesting and although it is not express, there are hints that cryptocurrencies are no longer tools for money laundering and other vices. As investors set their eyes on the SEC, Italy is one step away from rolling out a decree that will guide the interpretation of crypto assets and their use.

The Decreto Semplificazioni got the approval of the Italian Senate Committee of Constitutional Affairs and Public Works on Wednesday last week and once the decrees set out in the document has the final approval from the Chamber of Deputies and the Senate of the Republic, then it will be all systems go.

Also Read: Weiss Ratings Gives Five Reasons Why Bitcoin’s Fundamentals Are Stronger than Ever for Adoption

If anything, different government sectors will make use of the inherent properties specific to blockchains such as time stamping which the decree said can be used to legitimize official documents and contracts.

BTC/USD Price Analysis

In the meantime, BTC is down 6.8 percent at the time of press. Unfortunately, it seems like the path of least resistance is southwards and part of this is today’s bear candlestick that sparks from a sell-off during the Asian session.

While we remain overly bullish and expecting prices to recover in coming days, BTC prices are at a periphery, at an edge and could at any time collapse under immense sell pressure of the last 24 hours confirming strong losses of Jan 10.

Note that, prices are hovering at the 78.6 percent Fibonacci retracement level at $3,500 which is not only a vital level as BTC/USD price action is concerned but because the level marks the lower limit of our support zone as laid out in a previous analysis.

Going forward, it will be imperative for traders to take note and realize that the temporary withdrawal of Bitcoin ETF could be deflating but at the same time, candlestick arrangement isn’t supportive of BTC bulls. The fact that we are in a temporary bull run thanks to late Dec—early Jan higher highs doesn’t mean sellers can step up and reverse those gains.

We recommend caution and from an effort versus result approach, buyers would be back in contention once there are solid gains above $4,500 recovering losses of Jan 10 as prices rally above $4,500 sparking a buying frenzy that will eventually push prices towards $6,000. If this isn’t the case and prices tumble below $3,500 in the coming days, then we may see an inevitable sell off with first targets at $3,200.

All Charts Courtesy of Trading View – BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: January 28, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Last week the price of Bitcoin was in the bearish trend zone. The BTC price was fluctuating above the $3,600 price level all through the week. However, on January 26, the crypto reached the $3,750 price level but was resisted as the bears broke the 12-day EMA, the 26-day EMA and the price fell to the low of $3,500.

On the downside, if the bears broke the $3,500 price level, the crypto will further depreciate to the lows of $3,200 and $3,000. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in the bearish trend zone. Last week as the price was fluctuating above the $3,600 price level, the crypto’s price was also below and above the 12-day EMA and the 26-day EMA. Today, the crypto’s price is falling and approaching the low of $3,567.

The crypto’s price is likely to revisit the lows of $3,200 and the $3,000 if the bears broke the $3,500 price level. Also, the crypto’s price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Long Term Price Forecast: Jan 26, 2019

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,500, $3,300, $3,100

The BTC/USD pair is now in a bearish trend zone. On January 1, the price of Bitcoin has an opening balance of $3,832.60. The crypto appreciated in value as the bulls took price to the high of $4,218. On January 10, after price retracement, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $3,712.80. The crypto fell into the bearish trend zone and became range bound between the levels of $3, 500 and $3,800.

The price of Bitcoin had been fluctuating between these levels and the levels are yet to be broken. Presently, the BTC price is trading at $3,626 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Bitcoin (BTC) Daily Price Forecast: January 25, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Yesterday, January 24, the price of Bitcoin was in the bullish trend zone. The BTC price is still within the range-bound levels of $3,500 and $3,800. The BTC price had been within this range in the last three weeks.

Presently, the BTC price is fluctuating above the $3,600 price level because of its inability to break above the $3,670 price level. The bulls will test the resistance level if the initial resistance is broken. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price was in the bullish trend zone. The 12-day EMA provides a support level for the price of Bitcoin. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: January 24, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Yesterday, January 23, the price of Bitcoin was in the bearish trend zone. The BTC price has maintained its $3,600 price level in the last 24 hours. The bears broke below the 12-day EMA and the 26-day EMA but the bulls have not been able to break above the EMAs.

The crypto will continue to range as long as the bulls fail to break above the EMAs. Meanwhile, the stochastic is in the overbought region but below the 80% range which indicates that Bitcoin is in a bearish momentum and a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price was in the bearish trend zone. Yesterday, the bulls reached the high of $3,664 but the bears pulled back price to the $3,640 price level. The BTC price is ranging at the $3,600 price level because the bulls have not been able to break above the EMAs.

Meanwhile, the MACD line and signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Bitcoin (BTC) Daily Price Forecast: January 23, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Yesterday, January 22, the price of Bitcoin was in the bullish trend zone. The bulls succeeded in holding the $3,500 price level as the bulls broke the 12-day EMA , the 26-day EMA and reached the bullish trend. As earlier suggested, traders should initiate long trades in anticipation of a bullish trend, if the $3,500 price level was holding.

Today, the BTC price is in the bullish trend zone, the crypto is expected to reach the $3,800 price level and break it. On the downside, if the price is resisted, the Bitcoin will continue its range bound movement between the levels of $3,500 and the $3,800.Meanwhile, the stochastic is in the overbought region but above the 80% range which indicates that Bitcoin is in a strong bullish momentum and a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price was in the bullish trend zone. The bears failed to break the $3,500 price level to reach the previous low as the bulls defended th support level. The bulls have broken the 12-day EMA, the 26-day EMA to commenced a bullish movement above it.

The 12-day EMA and the 26-day EMA are trending upward. Meanwhile, the stochastic is out of the overbought region but below the 60% range which indicates that Bitcoin is in a bearish momentum and a sell signal.


Bitcoin (BTC) Daily Price Forecast: January 22, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,200, $3, 200

Yesterday, January 21, the price of Bitcoin was in the bearish trend zone. In the last 24 hours, the crypto’s price had been fluctuating above the $3,500 price level. The crypto’s price is characterized by small body candlesticks like the Doji and the Spinning tops which described the indecision of buyers and sellers at the $3,500 price level.

From the price action, the crypto’s price is likely to fall. If it does fall, the price of Bitcoin will revisit the previous low of $3,200 price level. On the other hand, if the level is holding, traders should initiate long trades in anticipation of a bullish trend. Meanwhile, the stochastic is out of the oversold region but above the 60% range which indicates that Bitcoin is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price was in the bearish trend zone. The crypto’s price is ranging above the $3,500 price level as the buyers and the sellers were undecided about which way the price would go. The 12-day EMA and the 26-day EMA are resisting the candlesticks price movement. Meanwhile. the stochastic is in the oversold region but above the 20% range which indicates that Bitcoin is in a bearish momentum and a sell signal.


Bitcoin (BTC) Technical Analysis: January 21, 2019

Latest Bitcoin (BTC) News

Crypto is an emerging field and after gaining widespread attention thanks to the +2,000 percent plus rallies of late 2017, it attracted investors, traders, speculators—and regulators. Regulators may be out and about their business, executing their mandate but their eyes are fixed on centralized exchanges. Just like continuous maintenance of the blockchain draw value, exchanges are vital and play a pivotal role not only in creating liquidity but are on-ramps that link traditional markets with crypto.

Read: Crypto Users Ponder if Ongoing Govt. Shutdown Will Prolong the Current Bitcoin Bear Market?

The lack of clear regulation may be an obstacle at the moment but that’s about to change. Aside from Japan and other ASEAN countries keen on embracing blockchain and their application, the US State of Wyoming is on the right path. In Q4 2018, they announced a partnership with BitPay allowing businesses to pay tax via BTC with the crypto processing firm, BitPay, handling the BTC—USD conversion.

Also Read: Bitcoin Network Registers Over $3 Trillion Dollars in BTC Transaction Volume During 2018

Now, a Senator from the same state has put forth a proposal that would see BTC classified as money meaning it would be free from interest payment. No doubt, this is the step in the right direction. Add that to Japan’s FSA exemplary oversight of exchanges guaranteeing proper security as well as risk management practices, other countries or state may follow suit benefiting the ecosystem.

BTC/USD Price Analysis

Meanwhile, BTC is down but steady in the last week. All the same, the four percent drop was unexpected and dents buyer’s optimism. Anyhow, after 80 percent plus drops in 2018, prices appear to be bottoming and although yesterday’s losses could be deflating, there is a likelihood that buyers may build up momentum as prices race towards $3,800 and even above $4,100 complementing Dec 17 gains.

From candlestick arrangement, this is a long shot because effort versus result perspective means the inability of traders to propel prices above Jan 10 highs in the process recouping losses put sellers at the forefront. It has been made worse by the lack of conviction from market participants. From Jan 11—20, average volumes were low—at around 14k, and we cannot compare that with 35k of Jan 14. All the same, buyers may have a chance if there is a reversal from above these spot rates. This will confirm bulls of Dec 17 and more importantly the double bar bull reversal pattern evident in the weekly chart.

If there are reversal of yesterday’s losses and prices rally past $3,800 or the 38.2 percent Fibonacci retracement level of Dec 2018 high-low, BTC may retest $4,100 or $4,500 by end of the week. While drops below $3,500 or the 78.6 percent Fibonacci retracement level could feed bears aiming at $3,200.

Current Market Outlook:

All Charts Courtesy of Trading View – BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: January 21, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,200, $3, 200

Last week the price of Bitcoin was in the bearish trend zone. The bears had an upper hand in the direction of the BTC price. On January 19, the bulls reached the $3,707 price level, but the bears made a pulled back to the EMAs. On January 20, the bears broke the 12-day EMA, the 26-day EMA and price fell to the $3,500 price level.

In the previous analysis, it was assumed that if the crypto’s price broke the $3,500 price level, the crypto would fall to the low of $3,200 . The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall.

Nevertheless, the bears were resisted at the $3,500 price level, as the crypto made a range bound movement. Meanwhile, the stochastic is in the oversold region but above the 20% range which indicates that Bitcoin is in a strong bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price was in the bearish trend zone. The BTC price tested the upper level and the lower level of price range without breaking them. The BTC price is expected to rise at the support level. Therefore, traders are expected to initiate long trades in anticipation of a bullish trend. Meanwhile. the stochastic is out of the oversold region but above the 20% range which indicates that Bitcoin is in a bullish momentum and a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Jan 19, 2019

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,700, $3,600, $3,500

The BTC/USD pair is now in a bearish trend zone. On December 14, the BTC price reached its low at the $3,200 price level. On December 24, the crypto traded and reached the high of $4,400 price level. The price of Bitcoin had been range bound between the levels of $3,200 and $4,400 in the last one month. Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that Bitcoin is likely to fall. The BTC price is currently trading above the $3,700 price level.

Nevertheless, if the bears break below the $3,500 price level, the crypto is likely to find support at the $3,200 price level. On the upside, the bulls will first break the 12-day EMA and the 26-day EMA to resume its uptrend movement. Meanwhile, the stochastic is in the oversold region but above the 60% range. This indicates that the price of Bitcoin is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: January 18, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Yesterday, January 17, the price of Bitcoin was in the bullish trend zone. The bulls were in control as they broke the 12-day EMA , the 26-day EMA and reached the bullish trend zone. Yesterday, the crypto’s price reached the $3,725 price level and commenced a range bound movement. In the previous scenario, on January 14, the crypto reached the $3,700 price level and was resisted and the price fell to the bearish trend zone.

Today, the BTC price is retracing and it is likely to fall again to the bearish trend zone. However, if the bulls sustain a price above the EMA, the BTC price will rise. Meanwhile, the stochastic is out of the oversold region below the 50% range which indicates that Bitcoin is in a bullish momentum and a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend zone. On January 17, the bulls broke the 12-day EMA and the 26-day EMA and reached the bullish trend zone. The crypto reached the $3,700 price level but was retracing to a range bound movement above the EMAs.

Meanwhile, the stochastic is out of the overbought region but above the 20% range which indicates that Bitcoin is in bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: January 17, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,200, $3, 200

Yesterday, January 16, the price of Bitcoin was in the bearish trend zone. The BTC price fluctuates above the $3,600 price level in the last 24 hours. The BTC price is still below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The crypto’s price is facing resistance at the 12-day EMA as the bulls are making attempt to breaking the EMAs.

Yesterday, it was assumed that if the bears broke the $3,500 price level, the crypto would find support at the $3,200 price level. Today, the crypto is trading at the $3,679.90 below the 12-day EMA. Meanwhile, the stochastic is out of the overbought region but above the 20% range which indicates that Bitcoin is in a bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend zone. On January 16, the crypto fell to the $3,637.9 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. The bulls have broken the 12-day EMA and are attempting to break the 26-day EMA. Meanwhile, the stochastic is out of the oversold region but above the 20% range which indicates that Bitcoin is in bullish momentum and buy signal.


Bitcoin (BTC) Daily Price Forecast: January 16, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,500, $3,400, $3, 300

Yesterday, January 15, the price of Bitcoin was in the bearish trend zone. The crypto’s price fell to the bearish trend zone after the resistance at the $3,800 price level. The BTC price is now below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Today, if the crypto falls, it will revisit the previous low of $3,500.

And if the $3,500 price level is broken, the crypto is likely to find support at the $3,200 price level. Meanwhile, the stochastic is out of the overbought region but above the 20% range which indicates that Bitcoin is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend zone. Yesterday, the BTC price fell to the $3,600 price level and it commenced a bullish movement to the 12-day EMA and the 26-day EMA.

The crypto’s price is likely to fall since it is below the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic is at the overbought region but below the 80% range which indicates that Bitcoin is in bearish momentum and a sell signal.


Bitcoin (BTC) Daily Price Forecast: January 15, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Yesterday, January 14, the price of Bitcoin was in the bullish trend zone. At the previous low of $3,500, the bulls made a bullish movement and broke the 12-day EMA and the 26-day EMA. The crypto’s price is trading above the $3,700 price level. Today, the price of Bitcoin is in the bullish trend zone. The 26-day EMA is acting as a support for the price of Bitcoin.

The crypto’s price is likely to rise since it is above the EMAs. Meanwhile, the stochastic is in the overbought region but below the 80% range which indicates that Bitcoin is in a strong bullish momentum and a buy signal. The MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend zone. Yesterday, the crypto’s price was ranging at the $3,500 price level, as price broke above the 12-day EMA and the 26-day EMA. The crypto’s price is above the EMAs which indicate that price is likely to rise.

The price of Bitcoin is ranging above the $3,700 price level. Meanwhile, the stochastic is out of the overbought region but above the 20% range which indicates that Bitcoin is in bearish momentum.


Bitcoin (BTC) Technical Analysis: January 14, 2019

Latest Bitcoin News

Crypto and Bitcoin prices are all over the place. Volatility is back and after temporary weeks of consolidation above the $5,800–$6,000 support—now important resistance level, November double-digit losses redefined short-term Bitcoin price trajectory. While traders are overly bullish despite losses and rejection of higher highs above the $4,500 mark, there is hope more so from a fundamental point of view.

Altogether, Bitcoin is an innovative solution that not only is a service to the unbanked–allowing for fast and cheap cross border settlement, but it also doubles up as a store of value and a medium of exchange. Other than that, it is an asset where arbitrage—read Kimchi Premium and normal price fluctuation provides a livelihood for traders as well as investors.

Read: Bitcoin Fundamentals Were on Full Display During the Rigid Crypto Bear Market of 2018

It may be because of this fluctuation that traditional economists are convinced that BTC is not good “money” as it is not stable enough and the SEC and the CFTC should see through full adherence. However, reports have it that the US congressman, Darren Soto of Florida’s ninth district is of the opinion that regulation of cryptocurrencies including Bitcoin should fall squarely in the hands of the CFTC.

Meanwhile, the US Securities and Exchange Commission should go ahead and ensure full compliance on matters securities. In his view, securities laws are stringent and unless otherwise digital assets are classified as securities, the CFTC should be mandated to oversee compliance.

Also Read: Bitmain Crypto Mining Juggernaut is Facing an Uncertain Future With Ongoing Crypto Bear Market

There is a general feel across the US that the country may be falling behind market leaders like Japan and South Korea on matters blockchain and cryptocurrency. Part of narrowing this tech gap involve formulating policies that aside from protecting consumers as required foster innovation.

Bitcoin (BTC/USD) Price Analysis

All in all, last week was bloody and because of Jan 10 double-digit losses and rejection of higher highs above main resistance and psychological at $4,500 mean sellers are prime position after yesterday’s close below our previous support—now resistance line at $3,700.

From the chart, yesterday’s meltdown means BTC prices are now trending below the base of our bull flag. Besides, there is a full bear bar below $3,700 hinting that the overlying momentum is backed by a strong market participant.

Nevertheless, bulls are still optimistic and looking at the high volume bull bar of the week ending Dec 23. Bears are yet to claw back those gains and in an effort versus result scenario, breaks below Dec 2018 lows at $3,220 will break the back of resilience.

In that case, BTC may dip towards $3,000 and even the $1,500 mark. However, if there is support between now and $3,220—probably at the $3,450 level marking the 78.6 Fibonacci retracement level of Dec 2018 high low, we expect a rally back to $4,500.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: January 14, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,200, $3, 200

Last week, the price of Bitcoin was in the bearish trend zone. On January 10, the crypto's price fell to the low of $3,700 after ranging at the $4,100 price level. On January 13, the price fell again to the low of $3,500 price level. Today, the price of Bitcoin is now ranging above the $3,500 price level.

After this range-bound movement, the crypto is likely to fall again because the price is below the 12-day EMA and the 26-day EMA. Also, the BTC price is likely to revisit the December 15 low of $3,200 price level. Meanwhile, the stochastic is approaching the oversold region but above the 20% range which indicates that Bitcoin is in a bullish momentum and a buy signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend zone. On January 13, the crypto’s price was ranging at the $3,500 price level. A bullish candlestick has tested the 12-day EMA and has broken it. On this time frame, the crypto’s price is in the overbought region of the stochastic indicator but above the 80% range. The price Bitcoin is likely to rise.


Bitcoin (BTC) Long Term Price Forecast: Jan 12, 2019

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,600, $3,400, $3,200

The price of Bitcoin had been ranging above the $4,100 price level in the last ten days. On January 10, the bears broke the range bound movement on the lower timeframe, thereby breaking the 12-day EMA and the 26-day EMA to the low of $3,700. The BTC price has depreciated from the opening balance of $3,862.60 in the month of January 2019. From the weekly chart or daily chart, the price of Bitcoin is in the bearish trend zone.

In the other words, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that Bitcoin is likely to fall. However, if the bearish trend continues, the BTC price will find support at the previous lows of $3,200 or $3,600.

Meanwhile, the stochastic is in the oversold region but above the 20% range. This indicates that the price of Bitcoin is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: January 11, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Yesterday, January 10, the price of Bitcoin was in the bullish trend zone. The BTC price fell yesterday because the price of Bitcoin failed to break the $4,200 price level. In addition, the bears broke below the 12-day EMA , the 26-day EMA and the crypto is now in the bearish trend zone.

The crypto is likely to fall again because the price is below the 12-day EMA and the 26-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic indicator is in the oversold region below the 20% range which indicates that the price of Bitcoin is in a strong bearish momentum and a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend zone. The price fall was in two stages: in the first stage the bears broke the 12-day EMA and the 26-day EMA to the low of $3,900 price level. In the second stage, the crypto fell to the $3,700 price level. The crypto is now in a range bound movement above the $3,700 price level.

The crypto is likely to fall because the price is below the EMAs. Also, the stochastic is below the 20% region which indicates that the BTC price is in a bullish momentum and a buy signal.


Bitcoin (BTC) Daily Price Forecast: January 10, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, January 9, the price of Bitcoin was in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price of Bitcoin is likely to rise. The BTC price is still above the $4,100 price level because the bulls have sustained hold above the EMAs. At the same time, the 12-day EMA and the 26-day EMA provides support for the crypto.

On the upside, if the bulls continue their hold above the EMA and the $4,200 price level is broken, Bitcoin will reach the $ 4,500 price level. On the downside, if the bears break the EMAs, the BTC price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the stochastic indicator is above the 40% range which indicates that the price of Bitcoin is in a bullish momentum and a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend zone. The bears broke the 12-day EMA and the 26-day EMA but price pulled back above the EMA. The BTC price is now in the bullish trend zone as the price is expected to rise. Also, the stochastic is above the 80% region which indicates that the BTC price is in a bullish momentum and a buy signal.


Bitcoin (BTC) Daily Price Forecast: January 9, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, January 8, the price of Bitcoin was in a bullish trend. In the last 48 hours, the price of Bitcoin had been ranging above the $4,100 price level. The bulls have succeeded to hold price above the 12-day EMA and the 26-day EMA. All the retraced candlesticks are well supported above the 12-day EMA. The crypto is currently facing resistance at the $4,200 price level.

If the bulls break the $4,200 price level, Bitcoin will reach the high of $4,500. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the stochastic indicator is below the 40% range which indicates that the price of Bitcoin is in a bearish momentum and a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a bullish trend zone. On January 8, the BTC price was resisted as the crypto fell and broke below the 12-day EMA and the 26-day EMA. A large bullish candlestick has broken above the EMAs.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic bands are in the overbought region below the 80% region which indicates that BTC price is in a bullish momentum and a buy signal.


Bitcoin (BTC) Daily Price Forecast: January 8, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, January 7, the price of Bitcoin was in a bullish trend. The BTC price reached the high of $4,218 and was retracing from the recent high since the previous day. The retraced crypto’s price was well supported by the 12-day EMA. The bulls were able to sustain a price above the 12-day EMA and the 26-day EMA. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates the crypto has the tendency to rise.

The crypto is expected to reach the $4,200 and $4,400 price levels as soon as the bullish trend commences. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the stochastic indicator is below the 60% range . This indicates that Bitcoin is in a bearish momentum and a sell signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bearish trend zone. The retraced crypto’s price has fallen below the 12-day EMA and the 26-day EMA. As the crypto's price is below the EMAs, there is the likelihood of price falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: January 7, 2019

Latest Bitcoin News

Interesting times ahead and albeit thin transaction volumes, Bitcoin and altcoins bulls are raving, ready for a rally. Opinions are mixed but there is a general consensus that bears momentum is finally waning and this accumulation will finally confirm bulls of late December 2018.

Read: Why Will Bitcoin’s Drastic Drop in 2018 Be Optimal For Crypto Industry’s Future Outlook?

But, that’s just their perspective anchored on candlestick formation. From the look of things, the market is vibrant and trading above $4,100 mostly because the team at iFinex has announced scheduled maintenance that will see both their exchanges—ETHFinex and BitFinex switch off for around three to eight hours.

Lessons can easily be drawn from past events and if we remember well, back on Aug 22, 2018, BTC prices rallied a massive $400 after Arthur Hayes’ BitMex shut down for maintenance. Perhaps yesterday’s rally is just a repetition of previous events but this time it’s important to note that BitFinex despite being plagued by controversies is a major player in the space. As such, odds are the market will be fragile as BitFinex and ETHFinex move servers from AWS to their data centers.

Also Read: Binance Exchange’s Revised Terms and Conditions Force Banned Country Customers to Remain Cut Off

Together with the recently launched DEX, ETHFinex, iFinex companies control three percent of the total trading volume from $311,267,080 daily trading volumes drawn from BitFinex—ranked at 17th and ETHFinex–$118,803,282, ranked at 37th at the time of press when the total trading volume was $16,311,569,951 according to data from CoinGecko. As major players, expect crypto prices to fluctuate as liquidity is sucked out of the market.

Bitcoin Price Watch

Bitcoin

Unsurprisingly, BTC commands the space and in the last day, the coin is up 6.1 percent against the USD and poised to add more thanks to today’s fundamental event. But, from the chart and as mentioned in previous BTC/USD price analysis, this was expected. If anything, it is highly likely that BTC prices will rally past $4,500 triggering conservative buys as the path towards the all-important $6,000 is set. It is easy to see why.

First, notice that BTC is down 75 percent from 2018 peaks and since price movements are cyclic in nature, we expect a reprieve from last year’s pits. Although gains are limited, the trend has been set and to guarantee that these series of higher highs are bulls flowing, there must be enough momentum above the all-important 38.2 percent Fibonacci retracement level anchored on Nov-Dec 2018 high low.

Anything else and buyers would be dash confirming a strong bear momentum and even a slide back below $3,500 towards $3,220 or even lower in coming weeks. Otherwise, high-volume surge and close above psychological $4,500 would be a pass towards $6,000 and this will be our trade plan though aggressive trader can still buy at spot prices:

  • Buy: Spot, $4,500
  • Stop: $3,800, $4,100
  • Target: $5,800, $6,000

All Charts Courtesy of Trading View-Trading View

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: January 7, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Last week the price of Bitcoin was in the bearish trend zone. The BTC price was trading below the $3,900 price level. The crypto’s price fluctuates below and above the $3,900 price level. On January 6, the BTC price broke the 12-day EMA and the 26-day EMA and it is now in the bullish trend zone. The crypto’s price reached the high of $4,212.66 after breaking the EMAs.

The BTC price also broke above the $3,900 price level. Meanwhile, the stochastic indicator is approaching the overbought region but above the 80% range. This implies that Bitcoin is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend zone. The bulls broke the 12-day EMA and the 26-day EMA to reach the high of $ 4,212. The BTC price retraced and it is now fluctuating above the $4100 price level. There is a tendency for the crypto to rise because Bitcoin is in the bullish trend zone. The stochastic is out of the overbought region but above 20% range indicating that Bitcoin is in a bullish momentum and a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Jan 5, 2019

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,300, $7,400
  • Support levels: $3,800, $3,700, $3,600

The BTCUSD pair had been ranging in the last ten days. In the short time frame, Bitcoin was ranging at the $3,900 price level. The crypto’s price also faces resistance at the $4,000 price level. However, the BTC price has an opening balance of $3,862.60 in the month of January . From the weekly chart, the price of Bitcoin is in the bearish trend zone.

In other words, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that Bitcoin is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

In addition, the stochastic is in the oversold region but above the 20% range. This indicates that the price of Bitcoin is in a bullish momentum and a buy signal. In the meantime, the blue band of the stochastic is above the red band indicating the reversal of the previous trend.


Bitcoin (BTC) Daily Price Forecast: January 4, 2019

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, January 3, the price of Bitcoin was in a bearish trend. The bears has broken below the 12-day EMA and the 26-day EMA to the low of $3,915.88. The price of Bitcoin is trading below the $3, 900 price level and there is the tendency for the crypto to further depreciate. However, if the crypto’s price breaks below the $3,900 price level, the crypto will fall to the next support level.

Meanwhile, the stochastic indicator is out of the oversold region but above the 20% range. This implies that Bitcoin is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend zone. The bearish candlestick broke below the 12-day EMA and the 26-day EMA to the low of $3913.9 and commenced a range bound movement.

The crypto’s price is ranging below the 12-day EMA and the 26-day EMA for a possible price breakout. If price breaks below the $3,900 price level, the crypto will find support at $3,800. If price breaks above the $3,900, the 12-day EMA and the 26-day EMA, the crypto will be in the bullish trend zone.


Bitcoin (BTC) Daily Price Forecast: January 3, 2019

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,900, $3,800, $3, 700

Yesterday, January 2, the price of Bitcoin was in a bullish trend. Yesterday, the BTC price broke the 12-day EMA and the 26-day EMA to the upside, as price broke the $4,000 price level. However, the BTC price is retracing from the recent high for a possible resumption of the bullish trend.

Meanwhile, the stochastic indicator is out of the overbought region but below the 80% range. This implies that Bitcoin is in a bearish momentum and a sell signal. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. The BTC price is making a series of higher highs and higher lows. A trend line has been drawn to test the duration of the bullish trend. The crypto’s price was resisted at the $4,000 price level and the crypto commenced a retracement.

The retracement has broken the trend line and the following candlestick closed on the opposite of it. It is assumed that the bullish trend is terminated. A bullish trend is ongoing when the trend line is not broken. Meanwhile, the stochastic is out of the overbought region but above the 20% range. This indicates Bitcoin is in a bearish momentum.


Bitcoin (BTC) Technical Analysis: January 2, 2019

Latest Bitcoin News

After everything is said and done, Bakkt’s objective will remain as it was: pave way for institutional crypto investment. From their homepage, Bakkt aim is to ‘to enable consumers and institutions to seamlessly buy, sell, store and spend digital assets.” To make this a reality, the platform “seeks to develop open technology to connect the existing market and merchant infrastructure to the blockchain.”

Read: Ripple (XRP) Co-Founder, Stellar (XLM) Leader Jed McCaleb: Financial Institutions Won’t Use Bitcoin (BTC)

Obviously, the blockchain space is uncharted and at its formative stage. While we mark the 10th anniversary, there is no doubt that applications that depend on the underlying technology—blockchain will not only be disruptive but be the very vehicles through which investors will channel their hard-earned cash for big profits. Jed McCaleb said the damaging 2018 bear market was just but cooling off phase and there is more in the pipeline in weeks, days and even years ahead.

Also Read: Top Bitcoin Market Analyst Says Bitmain’s Mining Operations Shutdown Will Not Affect the Industry

At the core, Bakkt will be an application and with backings from International Exchange—the owners of NYSE, there was no doubt from venture capitalist and individual investors that there is an opportunity in this near “virgin” territory and the goal of this platform guarantees future profits. As such, it came as no surprise that the first round of funding was a success. Bakkt managed to raise $182.5 million from 12 investors including Galaxy Digital, Microsoft and Boston Consulting Group.

Bitcoin (BTC) Price Analysis

Bitcoin

At spot price, BTC is stable and up 1.8 percent against the USD in the last 24 hours. However, it is stable in the last week though we shall treat this as normal retracement after two weeks of higher highs.

From candlestick arrangement, bears might be in charge of a top-down approach but in the weekly and daily time frames, there is an opportunity for profit for buyers. As it is, clear support is around the $3,500-700 region and prices might expand in days to come more so if BTC price expands and extend above $4,100 or Dec 28 highs.

Notice that BTC price found support on Dec 28 mirroring the high volume bull bar of Dec 17 cementing our assertion that buyers are in charge and every dip is basically another buying opportunity.

We recommend buyers to load up at spot prices but for assurance, a better opportunity is available once BTC prices expand above $4,100 at the back of high volumes. Once this prints out, then traders can buy at a spot with stops at $3,900 and first target at $4,500 and later $5,000.

This shall be our BTC/USD trade plan:

  • Buy: $4,100
  • Stop: $3,900
  • Target: $4,500, $5,000

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: January 2, 2019

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Yesterday, January 1, the price of Bitcoin was in a bullish trend. From the daily chart, the BTC price is above the 12-day EMA and 26-day EMA which indicates that price is in a bullish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating a sideways trend.

From the price action, the crypto’s price had been fluctuating between the levels of $3,900 and the $4,000 in the last five days. There is the likelihood of a price breakout in a couple of days to come.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin was in a bullish trend. On January 1, the crypto’s price reached the $3,961.10 price level and it is currently retracing from the recent high. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

Meanwhile, the stochastic indicator is below the 80% range. This implies that Bitcoin is in a bearish momentum and a buy signal. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: December 31, 2018

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,800, $3,700, $3, 600

Last week the price of Bitcoin was in the bearish trend zone trading at the $3,700 price level. It was feared that the crypto would further depreciate as it was in the bearish trend zone. But the bulls took control of price and Bitcoin is currently trading above the $3,900 price level.

Today the BTC price is in the bearish trend zone as the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. If the bulls break above the $4,000 price level, the crypto will revisit the previous highs of $4,200 and $4,400 price levels. On the other hand, if it was resisted at the $4,000 price level, the crypto will fall below the EMAs and continue its downtrend.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin was in a sideways trend. On December 30, the crypto’s price fell to the low of $3,882.90 and commenced a range bound movement. The crypto’s price is falling and has broken the 12-day EMA, the 26-day EMA and it is approaching the bearish trend zone. The stochastic indicator is making a U-turn from the oversold region but above the 20% range. It implies that Bitcoin is in bullish momentum and a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Dec 29, 2018

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,900, $3,700, $3,500

The price of Bitcoin was in a bullish trend in the last week of December 2018. The crypto has an opening balance of $4,038.50 but traded and had closing price of $4,023 as at the time of writing. In the month of December, Bitcoin lost 0.38% of its capitalization. In December, neither the bulls nor the bears have control over the price of Bitcoin. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone .

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA. In addition, the stochastic is in the oversold region but below the 20% range. This indicates that the price of Bitcoin is in a bearish momentum and a sell signal.


Bitcoin (BTC) Daily Price Forecast: December 28, 2018

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,600, $3,500, $3, 400

Yesterday, December 27, the price of Bitcoin was in a bearish trend. The $3,800 price level that was range bound for three days was broken by the bears as the price fell to the low of $3,730.40. A bearish candlestick was resisted by a 12-day EMA.

There was no price pullback as the price was set for further depreciation. Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. From the chart, the stochastic indicator has fallen into the oversold region but below the 20% range. This means that Bitcoin is in a bearish momentum and a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin was in a bearish trend. The crypto’s price fell to $3,707.02 and commenced another range bound movement. The implication of another range bound movement is that it will lead to another price breakout. Meanwhile, the Stochastic indicator shows that the bands are out of the the oversold region but above the 20% range. This implies that Bitcoin is in a bullish momentum and a buy signal.


Bitcoin (BTC) Daily Price Forecast: December 27, 2018

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3,500

Yesterday, December 26, the price of Bitcoin was in a sideways trend. In the last 24 hours, there had been no significant price movement. The crypto’s price was at its low at $3,850.50 and the crypto was fluctuating at that price level. We are still expecting a price breakout as the price continued its range bound movement above the $3,800 price level.

Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. On the downside, if price breaks below the $3,800 price level, the crypto’s price will fall to the lows of either $3,600 or $3,400 price level. On the upside, the crypto will revisit the previous highs of $4,000 and $4,200, if the bulls break above the $3,800 price level.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin was in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The Stochastic is out of the oversold region and it is above the 20% range which indicates that the BTC is in a bullish momentum and a buy signal.


Bitcoin (BTC) Daily Price Forecast: December 26, 2018

BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3,500

Yesterday, December 25, the price of Bitcoin was in a sideways trend. On December 25, the price of Bitcoin broke the 12-day EMA and the 26-day EMA to the low of $3,850.50 and began a range bound movement at that price level. Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

Nevertheless, as the price ranges at the $3,800 price level, it can go either way to trend. On the downside if price breaks below the $3,800 price level, the crypto’s price will fall to the low of either $3,600 or $3,400 price level. On the upside, price will revisit the previous highs of $4,000 and $4,200.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin was in a sideways trend. The crypto’s price is now ranging at the $3,800 price level . A bullish candlestick has broken the 12-day EMA and the 26-EMA to the upside and back to the downside.

The crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The Stochastic is out of the oversold region and it is below the 80% range which indicates that the BTC is in a bearish momentum and a sell signal.


Bitcoin (BTC) Daily Price Forecast: December 25, 2018

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3,500

Yesterday, December 24, the price of Bitcoin was in a bullish trend. The crypto’s price was fluctuating above the $4,000 price level and also above the 12-day EMA. The BTC price could not go beyond the $4,200 price level because of the resistance at that level. Today, the BTC price broke 26-day EMA as price fell to the bearish trend zone.

On the upside, the BTC price is expected at $4,500 if the bulls break the $4,200 and $4,400 price levels. However, if price breaks below the $4,000 price level, the crypto will fall to the low of $3,800. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. The crypto’s price fell after an unsuccessful attempt to break the resistance at $4,200. The crypto’s price also broke the 12-day EMA and the 26-day EMA to the downside, as price fell into bearish trend zone. Meanwhile the Stochastic indicator is in the oversold region below the 20% range which indicates that Bitcoin is in the bearish trend and a sell signal.


Bitcoin Price Watch [Christmas Eve Edition]: BTC Hits $4,200 USD but Is a Bear Market Incoming Again?

As can be seen from the chart above, RSI(14) is still on its way up. As a result of this, the price of BTC has somewhat re-corrected itself.

Additionally, it can also be seen that the overhead resistance zone is currently pegged at around $4.2k. With that being said, the overall financial condition of Bitcoin looks to be stable right now (temporarily) .

BTC A Short Term Forecast

Upon having a quick look at what the immediate future of BTC looks like, we can see that the currency’s RSI(14) is currently lying in the “overbought range”. This is not a good sign for the altcoin, since twice in the past when the premier asset was in this territory, it experienced a massive economic turndown.

In terms of its current price action, it appears as though Bitcoin will surge past the $4.2k resistance mark today . However, certain indicators seem to point towards a downtrend soon— with levels all set to drop to the $3K area again.

Final Take

While certain indicators are on the side of BTC at the moment, the currency’s long term position still appears to be quite risky at the moment. It now remains to be seen how the future of the premier crypto asset plays out.

Author: Shiraz J


Bitcoin (BTC) Daily Price Forecast: December 24, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,900, $3,800, $3,700

Last week the price of Bitcoin was in a bullish trend. On December 17, the BTC price was making a series of higher highs and higher lows until the price reached the high of $4,250 price level. Then price retraced to the low above $4,000 and commenced a range bound movement. Today, the crypto is fluctuating above the $4,000 price level.

The BTC price is presently above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. However, if price breaks below the $4,000 price level, the crypto is likely to fall to the low of $3,800 price level. On the upside, the price may rise but will face resistance at the $4,200 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic indicator is approaching the 80% range which indicates that the BTC price has a bullish momentum and a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin was in a bullish trend. Last week, the Bitcoin price was fluctuating below and above the 12-day EMA and the 26-day EMA. Today, the crypto’s price is above the EMAs and price is likely to rise. On the 1-hour chart, the Stochastic indicator is in the overbought region which indicates that the BTC price is in a strong bullish momentum and a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Dec 22, 2018

BTC/USD Long-term Trend: Bullish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,800, $3,700, $3,600

The price of Bitcoin is now in a bullish trend after a long bearish trend. The cryptocurrency had been bearish from December 1st to December 14th, 2018. The current bullish trend commenced on December 15, on most of the cryptos. On December 15, the crypto's price broke the 12-day EMA and the 26-day EMA to the upside. These price action can be found at the lower time frame. On the upside, the BTC price is expected to reach the highs of $5,000 and $5,500 but will face resistance at the $4,000 price level.

On the downside, if the bears break the $3,300 price level, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA.


Bitcoin (BTC) Daily Price Forecast: December 21, 2018

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $4,000, $3,900, $3,800

Yesterday, December 20, the price of Bitcoin was in a bullish trend. The BTC price is making a series of higher highs and higher lows. The price of Bitcoin is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The 12-day EMA acted as a support for the price of Bitcoin as the resistance level of $4,000 has been broken.

The crypto’s price is now trading above the $4,000 price level. The Stochastic indicator is below the 80% range which indicates that the BTC price has a bearish momentum and a sell signal. On the upside, the price of Bitcoin is expected at the $4,500 and $5,000 price levels but Bitcoin will face resistance at the $4,300 price level. On the downside, if the price of Bitcoin retraces and breaks the 12-day EMA and the 26-day EMA, the price of Bitcoin will resume its downward trend.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin was in a bullish trend. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic indicator is above 20% range which indicates a bearish momentum and a sell signal.


Bitcoin (BTC) Daily Price Forecast: December 20, 2018

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3,500

Yesterday, December 19, the price of Bitcoin was in a bullish trend. The price of Bitcoin is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The crypto’s price reached the high of $3,950 but was resisted at the $4,000 price level.

The BTC price is now retracing from the recent high. If price retraces, it may retrace to the moving averages and resume its uptrend. However, if price retraces and breaks 12-day EMA and the 26-day EMA, the price of Bitcoin will resume its downward trend. Meanwhile, the Stochastic is in the range below the 40% range. This implies that the price of Bitcoin has abearish momentum

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin was in a bearish trend. The price of Bitcoin is now below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic indicator is in the range below the 80% range. That is, the BTC price has a bearish momentum and a sell signal.


Bitcoin (BTC) Daily Price Forecast: December 19, 2018

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,700, $3,600, $3,500

Yesterday, December 18, the price of Bitcoin was in a sideways trend. On December 17, the BTC price was in a bullish trend and it closed at a price of $3,659 after facing resistance at the $3,600 price level. Thereafter the crypto is in a sideways trend fluctuating below and above the $3,600 price level.

Presently, the crypto’s price is fluctuating above the 12-day EMA and the 26-EMA which has the tendency to rise. On the upside,the bulls have broken the resistance at $3,600 and price is approaching the $3,800 price level. On the downside, the crypto’s price will fall if the price falls below the EMAs and the bears breaking the $3,400 price level.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin was in a bullish trend. The price is trending above the 12-day EMA and the 26-day EMA which has the tendency to rise. If price breaks the $3,600 price level, Bitcoin will reach the high of $4,000.

On the downside, if price breaks below the $3,400 price level, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Bitcoin (BTC) Daily Price Forecast: December 18, 2018

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3,200

Yesterday, December 17, the price of Bitcoin was in a bullish trend. The crypto’s price broke the 12-day EMA, the 26-day EMA and reached the high of $3,569.40. The BTC price was ranging at the $3,300 price level before the price breakout. From the 4-chart, the price of Bitcoin is out of the bearish trend zone.

Nevertheless, the BTC price is retracing after facing resistance at the $3,600 price level. The bulls have to hold on to price above the exponential moving averages for the bullish trend to continue. However, if price breaks below the 12-day EMA and the 26-day EMA ,the crypto will resume its downtrend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin was in a bullish trend. The crypto’s price was ranging above the 12-day EMA and the 26-day EMA or the $3,300 price level before the bullish breakout. The 12-day EMA and the 26-day EMA are pointing northward indicating the bullish trend. If the crypto’s price holds above the EMAs, traders should initiate long trade. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Technical Analysis: December 17, 2018

Latest Bitcoin News

Bears have been unforgiving, deflating investors and shaking to the core the real belief of crypto and Bitcoin. Even with these marauding bears, performance has been “stellar” outperforming other asset prices. Bitcoin performance has been better off than FANG stocks. Google, for example, is up 35 percent from Jan 2017 while Facebook is up 25 percent during the same period.

Meanwhile, in spite of the deleterious loss of 2018, Bitcoin is up 250 percent from early 2017 after surging from around $965 to spot prices of $3,300. Still, the fall is a whole 83 percent from the $20,000 peaks of 2017. Ironically, during this parabolic rise, investors were “begging” for prices to drop so they can enter at fair prices.

Read: Expert Tone Vays Says Bitcoin’s Next Bull Market Could Bring A Lot More Spending Of Bitcoin

Well, prices did heed to their demand and it is for this reason that Weiss Rating is recommending investors to get in at spot prices. Of course, investors are hesitant but this is coming from an independent US research firm based in the US that has been in the investment game for more than 46 years.

Also Read: Bitcoin Millionaire, Wong Ching Kit Throws Millions In HKD From Rooftop As Act Of Teaching

Weiss often rates a variety of liquid assets—in the crypto and traditional financial world—providing further insight for traders and investors. Now, after sidelining Bitcoin for months, the alarms have been sounded but investors are obviously wary. In a tweet, Weiss said Bitcoin is here to stay and at spot prices, it is the best time to invest on the asset.

Bitcoin (BTC) Price Analysis

BTC/USD Daily Chart

BTC/USD Price Analysis

Still, the path of least resistance is southwards for most assets and BTC is no exception. Losses have tapered off in recent days but it is still down six percent in the last week but encouragingly up 1.8 percent in the last day at the time of press.

While this is obviously boosting more so for investors and traders who need a tinge of positivity after absorbing wild shocks for the better part of the year, our trade conditions as laid out in previous BTC/USD trade plans are yet to be met.

Then we insisted that for bulls to be in charge then we need to see strong gains above the $3,500-700 resistance zone. This might open doors for $4,500 or higher by the end of the year. If not and BTC drop below $3,000 we might see further panic selling driving prices towards $2,500 and even $1,500 by Q1 2019.

BTC/USD 4HR Chart

BTC/USD Price Analysis

In this time frame, BTC/USD prices are stable and consolidating within a $600 range marked by last week’s lows at around $3,200 and Dec 8 highs of around $3,800.

If anything, this is positive more so if this accumulation leads to gains above $3,700 ushering in the first wave of buyers as mentioned above. But first, encouraging expansions above $3,400 could jolt aggressive traders into action. Their first targets will be $3,700-800 resistance.

However, if this ends up being a distribution and there are drops below Dec 15 lows at $3,200 then chances are bears will blast below $3,000 causing panic sells. That is not what we want to see because it will increase drawdown levels and this will have adverse effects on the network’s hash rate as miners bail off.

Our ideal BTC/USD trade plan will be as follows:

  • Buy: $3,400
  • Stop: $3,200
  • First Target: $3,700—800, $4,500

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: December 17, 2018

BTC/USD Medium-term Trend: Bullish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,200, $3,200, $3,100

Last week the price of Bitcoin was in a bearish trend. On December 9, the crypto traded and reached the high of $3,681.30. The BTC price broke the 12-day EMA , the 26-day EMA and fell to the bearish trend zone. On December 15, the crypto had depreciated to the low of $3,229.80. However,the BTC price made a bullish movement and broke the 12-day EMA but was resisted at the 26-day EMA.

If the BTC price falls to the bearish trend zone, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The Stochastic indicator is in the range below 40% but pointing downward which indicates a bearish momentum and a sell .

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin was in a sideways trend. On December 15, the crypto broke the 12-day EMA ,the 26-day EMA and was in the bullish trend zone. The crypto's price is fluctuating above the $3,300 price level.

The stochastic indicator is now in the range above 60% indicating that the crypto has a bullish momentum. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Dec 15, 2018

BTC/USD Long-term Trend: Bearish

Resistance levels: $7,200, $7,400, $7,600
Support levels: $3,100, $2,900, $2,700

The BTC/USD pair had been in a bearish trend. From the weekly chart, the price of Bitcoin had been range bound from the month of March to November 12, 2018. The BTC price had been ranging above the $6,000 price level within that same period. The 12-day EMA and the 26-day EMA are also horizontally flat indicating the sideways trend. On November 12, the crypto’s price was resisted by the 12-day EMA and price fell in a downtrend. The crypto is approaching the $3,200 price level. The Stochastic indicator is in the oversold region below the 20% range.

This means that the price of Bitcoin is in a strong bearish momentum and a sell signal . Also, it also mean that the price of Bitcoin will further depreciate and the decline will extend to the $3,000 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA. There will be no trade recommendation until the bearish pressure is exhausted.


Bitcoin (BTC) Daily Price Forecast: December 14, 2018

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,200, $3,100, $3,000

Yesterday, December 13, the price of Bitcoin was in a bearish trend. We had earlier suggested that if price broke the $3,400 price level, the price of Bitcoin would resume its downtrend. The $3,400 price level has been broken and the price is approaching the previous low of $ 3,300. It is not clear if the downtrend would extend to the $3,000 price level.

There will be no trade recommendation until the bearish pressure is exhausted. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. The bearish candlestick broke the 12-day EMA and the 26-day the EMA and resumed the downtrend. The crypto's price fell to the low of $3,336.42 and commenced a bullish movement.

Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: December 13, 2018

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3,200

Yesterday, December 12, the price of Bitcoin was in a bullish trend. The bulls took price to the high of $3,594.70 and could not sustain hold above the 12-day EMA and the 26-day EMA. The crypto's price was resisted at the $3,614.40. Presently, the price of Bitcoin fluctuates between the levels of $3400 and $3,600 .

Today, the bears have taken over and the price is breaking the 12-day EMA and the 26-day EMA to the downside. The implication is that the crypto’s price will begin to fall. We have not ruled out the suggestion that if price breaks the $3,400 price level, Bitcoin will resume its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. The crypto’s price is now in the bullish trend zone. Yesterday, the crypto’s price broke 12-day EMA and the 26-day EMA and reached the high of $3,617.40 but the bulls could not hold on price at that level.

Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: December 12, 2018

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,300, $3,200, $3,100

Yesterday, December 11, the price of Bitcoin was in a bearish trend. In the last 48 hours, the price of Bitcoin had been in the bearish trend zone. The crypto's price had been fluctuating above the $3,400 price level. It was suggested that if the bears broke the $3,400 price level, the crypto will resume the downtrend and price is expected to test the $3,000 price level.

Today, the crypto's price is below the EMAs and price is fluctuating above the $3,400 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. In the bearish trend of yesterday, the crypto’s price fell to the low of $3,413.3 and commenced a bullish movement on the upside. The bulls broke the 12-day EMA but were resisted by the 26-day EMA and price fell back to the bearish trend zone.

Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The Relative Strength Index period 14 is level 37 which indicates that price is nearing the oversold region.


Bitcoin (BTC) Daily Price Forecast: December 11, 2018

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,400, $3,300, $3,200

Yesterday, December 10, the price of Bitcoin was in a bearish trend. The crypto was in the bullish trend zone the previous day. Yesterday, the bears broke the 12-day EMA and the 26-day EMA and price fell to the bearish trend zone. The price of Bitcoin is ranging above the $3,400 price level.

On the downside, if the crypto’s price breaks the $3,400 price level the BTC price is likely to resume the downtrend. On the other hand, if the bulls break the $3,600 price level, the BTC price is likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. Yesterday, the crypto’s price was ranging above the EMAs before the bears broke the 12-day EMA and the 26-day EMA. The crypto’s price fell to the low of $3,500 and commenced a range bound movement below the EMAs. Meanwhile, the bullish candlesticks are testing the 12-day EMA, if price breaks the two EMAs, Bitcoin will rise.


Bitcoin (BTC) Technical Analysis: December 10, 2018

Latest Bitcoin News

The crypto market could be making a comeback. It’s up $90 billion in the last 24 day and during that time, there has been a lot of speculation on what’s could be behind this resurgence of buy activity. One theory is that after 11 months of steep declines, the BTC/USD market is naturally correcting. A dead cat bounce before trickling lower back to the $2,500 levels as projected by Bobby Lee the co-founder of BTCC.

Well, that will be disheartening and something that we don't like to see. Yet another proposal is the increasing use of Square’s Cash App. After getting the Bit License from New York’s DFS, users of the app can not only send and receive cash but they can buy and sell Bitcoin right off the platform. What’s more, the application is mobile.

In fact, statistics indicate that the number of downloads has been on the rise even surpassing that of Venmo—which is backed by PayPal. This points to increasing use activity which the community needs. It also coincides with reports that the number of Bitcoin-related transactions could surpass that of MasterCard.

At the same time, the number of Lightning Network nodes, channels and transactions keep rising, with the capacity increasing 318 percent to $1,653,560.63 at the time of press.

Bitcoin (BTC) Price Analysis

BTC/USD Daily Chart

BTC/USD Price Analysis

Obviously, the trend is bearish and in line with our previous BTC/USD trade plan, the only time we expect buyers to be in control is when prices expand above $4,500. It’s our main resistance level and a buy trigger of our interest.

Though the market appears to be recovering, volumes are light and even if we have a double bar bull reversal pattern of Dec 7-8, volumes are low and below average. Still, BTC/USD is still oscillating inside Dec 8 high low and before we suggest short-term buys with first targets at $4,500, then we need to see confirmation of yesterday’s bulls.

That means expansion above Dec 8 highs at around $3,800 at the back of high trade volumes.

BTC/USD 4HR Chart

BTC/USD Price Analysis

Trading as above, we look to scalp the market and trading along the trend set in motion by Dec 8-9 bulls.

Already BTC is finding support at $3,270—last week’s lows. Despite the trend is bearish, we shall look to initiate long positions if and only if there are gains above $3,800 or Dec 8, 2300 HRs, above the average bull bar—17k versus 8k average.

Once that prints out then our first target will be $4,500 with stops at Dec 9 lows at $3,470.

Therefore, this is how we shall trade the BTC/USD pair:

  • Buy: $3,800
  • Stop: $3,470
  • First Target: $4,500

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: December 10, 2018

BTC/USD Medium-term Trend: Bearish
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $3,300, $3,200, $3,100

Last week the price of Bitcoin was in a bearish trend. On December 3, the 12-day EMA resisted the crypto's price and it fell to the low of $3,273.99 and price made a pullback which was resisted by the 12-day EMA. The crypto's price was ranging below the 12-day EMA before reaching the bullish trend zone after it had broken the 26-day EMA.

On December 9, the crypto's price broke the 12-day EMA and the 26-day EMA upwards indicating that price is in the bullish trend. If the bullish trend is sustained above the EMAs, the crypto is likely to rise . Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. On December 9, the crypto ‘s price pulled back from its fall and commenced a range bound movement above the 12-day EMA and the 26-day EMA. The EMAs provide support for the price of Bitcoin which resulted in the bullish trend that reached the high of $3,733.88. Price of Bitcoin is now ranging above the $3,700 price level but it is falling. Meanwhile, crypto's s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Bitcoin (BTC) Long Term Price Forecast: Dec 8, 2018

BTC/USD Long-term Trend: Bearish
  • Resistance levels: $7,200, $7,400, $7,600
  • Support levels: $3,300, $3,200, $3,100

The BTC/USD pair had been bearish in the last one month. In retrospect, the price of Bitcoin had been in a sideways trend since June 2018. From the weekly chart, the price of Bitcoin had been fluctuating above the $6,000 price level. The 12-day EMA and the 26-day EMA are in a horizontal pattern indicating that the cryptocurrency was in a sideways trend. Today, the cryptocurrency is in a downtrend fluctuating above the $3,400 price level.

From the Stochastic indicator, the reading is below the 20% range. This indicates that the price of Bitcoin has a strong bearish momentum. The cryptocurrency is likely to continue its downtrend and find support at the $3,000 price level.

The MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA. There will be no trade recommendation until the bearish trend is exhausted.


Bitcoin (BTC) Daily Price Forecast: December 7, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,300, $3,200, $3,100

Yesterday, December 6, the price of Bitcoin was in a bearish trend. The crypto's price made a bullish movement twice but was resisted by the 12-day EMA. The crypto's price now falls in a downtrend. The price of Bitcoin is now approaching the $3,400 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. There will be no trade recommendation until the bearish pressure is exhausted.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. Yesterday, the crypto's price was in a sideways trend in the previous day before it encountered a bullish trend that broke the 12-day EMA and the 26-day EMA . The crypto's price reached the high of $3,800 and commenced a range bound movement.

The price of Bitcoin was ranging above the EMAs before the bears broke the EMAs again to resume its downtrend.Meanwhile, crypto's s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: December 6, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,600, $3,500, $3,400

Yesterday, December 5, the price of Bitcoin was in a bearish trend. Yesterday, the digital currency was resisted by 12-day EMA and the crypto resumed its downtrend. The crypto's price fell and was approaching the $3,700 price level.

The bears have finally broken the $3,800 price level; the crypto is not likely to face any resistance as the price is expected to fall to the lows of $3,000 and $3,500. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The two EMAs are also pointing southward indicating that price is falling.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. On December 5, the crypto's price fell to the $3,768.45 price level and it commenced a range movement. The digital currency is now fluctuating above the $3,700 price level. Meanwhile, since the price is below the EMAs the digital currency is likely to fall.


Bitcoin (BTC) Daily Price Forecast: December 5, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,800, $3,700, $3,600

Yesterday, December 4, the price of Bitcoin was in a bearish trend. The crypto's $4,000 price level was broken on December 3 while in a bearish trend. The digital currency continues its fall to the low of $3,825.68 the following day. The bulls pulled back but were resisted by the 12-day EMA. The BTC price is falling and fluctuating above the $3,800 price level.

From the 4-hour chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. We shall not recommend any trade until the bears have exhausted their bearish pressure.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. On December 4, the crypto's price fell to the $3,825.68 and commenced a bullish movement. The crypto's price broke the 12-day EMA and the 26-day EMA and it remained above the moving averages. The crypto's price went to its previous high above $4,000 but the bears pulled below the $4,000 price level. The crypto's price is below the EMAs; therefore price is likely to fall.


Bitcoin (BTC) Daily Price Forecast: December 4, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,800, $3,700, $3,600

Yesterday, December 3, the price of Bitcoin was in a bearish trend. It was suggested yesterday that the crypto's price was below the 12-day EMA and the 26-day EMA and that price of Bitcoin would continue its downward trend. Today, the crypto's price has resumed its downward trend. Similarly. the bears have broken the $4,000 price level and the crypto is expected to find support at the $3,600 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The Stochastic indicator is in the range above 20% which indicates that the crypto is in bearish momentum as price approaches the oversold region of the market.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a sideways trend. On December 3, the crypto's price fell to the $3,900 price level and began a range bound movement. The crypto's price was resisted by the 12-day EMA and it fell the $3,800 price level.


Bitcoin (BTC) Technical Analysis: December 3, 2018

Latest Bitcoin News

Estonia–like Malta and just recently the Bahamas, is extremely open to technology and that includes the value proposition of blockchain and its ambition of disrupting traditional businesses. They even had a plan of creating their own national cryptocurrency but being a member of the EU, the idea was opposed by the ECB and Mario Draghi forcing them to retreat.

Now, just days after passing a new Financial bill, reports indicate that Estonia plans to update the Anti Money Laundering and Terrorist Financing Prevention Act in order to comply with EU’s Fourth Money Laundering Prevention Directive by including crypto related clauses as “virtual currency exchange service providers” and “virtual currency payment service providers”. By doing so, the country’s regulator Estonian Financial Supervision Authority (FI) will be sealing loopholes preventing undesirable elements from laundering money via crypto exchanges and other service providers.

Meanwhile, it is becoming increasingly clear that the participation of regulators means cryptocurrencies and blockchain technology is here to stay. This was recently asserted by Wynn Davies, North America Managing Director at Accenture who went ahead and said that blockchain is the single piece technological innovation in business which cannot be ignored.

In the meantime, Jay Clayton while issuing a disclaimer—his comments don’t represent that of the SEC– said new technology and related projects should be compliant with time-tested rules set by the commission and that there should be a change of investor protection just because it is new technology.

He also went ahead and said Bitcoin is a utility since no entity controls it. Besides, it also acts a medium of exchange much more like Yen, Euro or the USD.

Bitcoin (BTC) Price Analysis

BTC/USD Weekly Chart

BTC/USD Price Analysis

Overly, the market is expectant and even though BTC prices are stable, trending inside last week’s high low, the fact that prices are also moving within week ending Nov 25 high low mean sellers are in charge. It’s easy to see why.

Notice that when we take a top-down approach it’s easy to see we can see a whole bear bar printing below $5,800 main resistance level and as a price tag of our concern, sellers are in control unless there are sharp price spikes printing above this resistance level perhaps kick-starting the next wave of buyers erasing Nov and 2018 steep losses.

As it is, losses below $3,700 could trigger a meltdown that will see BTC print $3,000 or lower by the end of the year.

BTC/USD Daily Chart

BTC/USD Price Analysis

Clearly, sellers are in charge and in a bear breakout pattern, we expect BTC/USD prices to be under immense pressure in days to come more so if there are steep losses below $3,700, the lower limit of our $1000 consolidation zone marking Nov 2018 lows.

Though it will be undesirable and against the Fibonacci retracement rules—prices are down +80 percent from 2017 peaks—any breach could see BTC/USD tumble to $3,000. On the flip side gains above $4,700—our minor resistance line could spur buyers into action and in turn, this could see BTC/USD printing $8,500 or higher by close of higher.

It all depends on if prices will find support and bulls build on last week’s gains.

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: December 3, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,000, $3,900, $3,800

Last week the price of BTC/USD pair was in a bearish trend. On November 27, the price of Bitcoin fell to its low at $3,772.94 but price pullback above the 12-day EMA and the 26-day EMA. On November 30, the bears broke the EMAs again but were fluctuating above the $4,000 price level. Today, the price of Bitcoin is below the EMAs. The digital currency is in the bearish trend zone and has the tendency to fall.

If the price had been sustained above the EMAs the digital currency would have risen. However, if price breaks the EMAs to the downside, the digital currency is likely to resume its downward trend. There will be no trade recommendation until the bearish market is over. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. At the short-term trend, the crypto's price is below 12-day EMA and the 26-day EMA indicating that price is likely to fall.


Bitcoin (BTC) Long Term Price Forecast: Dec 1, 2018

BTC/USD Long-term Trend: Bearish

Resistance levels: $7,200, $7,400, $7,600
Support levels: $4,000, $3,800, $3,600

The BTC/USD pair was bearish in the month of November 2018. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The digital currency is likely to fall in the month of December 2018. Meanwhile, on November 1, Bitcoin has an opening balance of $6,362.99 and today, November 30, the price is at $4,098.88. The price of Bitcoin has depreciated by 35.58 % of its capitalization.

However, all the bullish pullback has been erased by the bearish pressure. There will be no need for trade recommendation as the bearish pressure is ongoing.The MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA.


Bitcoin (BTC) Daily Price Forecast: November 30, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,000, $3,900, $3,800

Yesterday, November 29, the price of Bitcoin was in a sideways trend. On November 27, the crypto's price was in a bullish trend. The BTC price rose from its low of $3,700 to $4,200 price level. Today, the digital currency is in a sideways trend .

Price is fluctuating above the $4,200 price level. Meanwhile, the price of Bitcoin is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. The digital currency is expected to reach the highs of $4,500 and $5,000. On the downside, if price breaks the $4,000 price level, the crypto will find support at the previous low of $3,700.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The crypto's price is ranging above the $4,200 price level. Meanwhile, the price of Bitcoin is below the 12-day EMA and 26-day EMA which indicates that price is likely to fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: November 29, 2018

BTC/USD Medium-term Trend: Bulish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,000, $3,900, $3,800

Yesterday, November 28, the price of Bitcoin was in a bullish trend. The price of Bitcoin is making a series of higher highs and higher lows. The crypto’s price is above the 12-day EMA and 26-day EMA which indicates that the price is rising. Price is expected at the $4,500 price level but may face resistance at that level.

If the digital currency face resistance at the $4,500 price level, traders should exit their long trades. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. Price of Bitcoin is in a smooth uptrend showing the support levels of price where traders initiate long trades. An uptrend is said to be ongoing when price retraces from the recent high and commences a bullish movement after testing the trend line. However, if price retraces and breaks the trend line and the following candlestick closes on the opposite of it; the current line is said to be terminated. The bullish trend is temporarily terminated.


Bitcoin (BTC) Daily Price Forecast: November 28, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,800, $3,600, $3,400

Yesterday, November 27, the price of Bitcoin was in a sideways trend. On November 26, the crypto’s price was resisted by the 12-day EMA and it fell to the low of $3,835; commenced a range bound movement up till the following day. On November 27, the crypto’s price tested the 12-day EMA and broke it. Also,the crypto’s price has broken the 26-day EMA to the upside.

If the crypto’s price breaks the 12-day EMA, the 26-day EMA and remains above it, the price will be in the bullish trend zone. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin was in a sideways trend. The digital currency fell to the low of $3,762.50 and commenced a range bound movement. The crypto’s price has broken the 12-day EMA and the 26-day EMA and remained above it. The price of Bitcoin will resume its uptrend if the price remains above the EMAs.


Bitcoin (BTC) Technical Analysis: November 27, 2018

Latest Bitcoin News

That Binance, the world‘s largest crypto exchange by trading volume, move to increase the number of stable coin offering is very positive for the space. Not only will this increase the number of options for crypto traders desirous of stability, transparency and integrity, but the support will steady the market and encourage more firms to make forays into the space increasing the liquidity and helping protect investment in time of high volatility or uncertainty like it was the case during Bitcoin Cash hard fork.

This comes just days after the exchange decided to change the USDT market and changed it into a Combined Stable Coin Market (USDⓈ). Many suspect that Binance is readying for institutional investment with some optimistic that the SEC might as well approve any of the nine Bitcoin ETF proposals after one of their commissioner Hester said a Bitcoin ETF is a possibility.

All in all, Binance will avail BTC, BNB, XRP, EOS, ETH and XLM with PAX as base helping the stable coin issuer achieve its objective of modernizing finance and digitizing assets as they bid to solve the settlement problems associated with traditional methods. The cool thing about PAX is that it is issued by a regulated firm with blockchain expertise. Like all stables, each coin is pegged 1:1 to the USD and fiat held in a FDIC insured bank.

Bitcoin (BTC) Price Analysis

BTC/USD Weekly Chart

BTC/USD Price Analysis

From a top down approach, it’s clear that sellers are in control. Not only is BTC/USD trading within a bear breakout pattern set in motion by massive selloffs of early August, but the simple fact that prices did collapse below $6,000 at the back of strong market participation did trigger panic sells, a contagion that shook weak hands leading to price collapse below $4,500.

As it stands, this is going to be the third week of incessant sell pressure and with a whole bear bar printing below our main support at $6,000, it is likely that prices will test $3,000 before recovering and probably retesting immediate resistance at $4,700.

BTC/USD Daily Chart

BTC/USD Price Analysis

The overall BTC/USD market trajectory is clear in the daily chart. Here we can see that the Bitcoin is trending inside a bear breakout pattern and the fall has been near perpendicular. Combining this overview with events from the weekly chart, reprieve might come only after BTC/USD has retested $3000 as aforementioned.

However, for price recoveries then we must first see prices bounce off and print above our minor resistance level at $4,700. Thereafter, we can reconsider taking longs especially if this move is accompanied by sharp volume spikes. Before then, bears are in control and every high is a liquidation opportunity.

On the flip side if bears keep up this momentum and there is a meltdown below $3,000 then our next—and rather painful—bear target will be $1,500.

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: November 27, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,600, $3,400, $3,200

Yesterday, November 26, the price of Bitcoin was in a bearish trend. On November 25, the digital currency fell to the low of $3,774.80 and made a bullish movement to the 12-day EMA. On November 26, the crypto’s price was resisted at the 12-day EMA and it fell to the low of $3835. Price is likely to make another bullish movement to the 12-day EMA.

However, for the digital currency to resume its uptrend the crypto must break the 12-day EMA and the 26-day EMA to the upside and remain above it. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin was in a sideways trend. On November 25, the crypto's price broke the 12-day EMA and the 26-day EMA to the upside and remain above it. On November 26, the crypto ‘s price broke the EMAs to the downside which led to the continuation of the bearish trend.


Bitcoin (BTC) Daily Price Forecast: November 26, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $3,600, $3,500, $3,400

Last week the price of Bitcoin was in a bearish trend. On November 19, the digital currency was trading above the $5,500 price level when it was resisted by the 12-day EMA and the crypto was in a downward trend. The crypto price had been below the 12-day EMA and the 26-day EMA and it fell to the low of $3,795.82.

For the price of Bitcoin to resume its uptrend, it must break the 12-day EMA and the 26-day EMA and remain above it. Today, the crypto is making a bullish movement to the 12-day EMA. If crypto's price breaks the EMAs upwards, the crypto is likely to resume its uptrend.

But if the 12-day EMA resists the bullish movement, the price is likely to resume its downward trend. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin was in a sideways trend. On November 25, the crypto's price fell to the low of $3,758.06 and commenced a range bound movement. The price broke the 12-day EMA and the 26-day EMA indicating that price rising. If price falls below the EMAs the digital currency is likely to continue its bearish movement.


Bitcoin (BTC) Long-Term Price Forecast: Nov 24, 2018

BTC/USD Long-term Trend: Bearish

Resistance levels: $7,200, $7,400, $7,600
Support levels: $4,300, $4,100, $3,900

The price of Bitcoin had been bearish in the last three weeks of November 2018. On November 1, the BTC price has an opening balance of $6,362.99. On November 24, the BTC was trading at $ 4,368.18. On November 14, the price of Bitcoin had a bearish breakout that sinks the digital currency to its lowest ebb. The bulls had not been able to pull back as the price is still under the bearish trend zone.

On November 24, the price of Bitcoin was trading at $4,446.70 as at the time of writing. The digital currency has reached the oversold region of the market. It is not clear when the bulls will take control of the market. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: November 23, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,200, $4,100, $4,000

Yesterday, November 22, the price of Bitcoin was in a sideways trend. The digital currency is still in its range bound movement. A bullish candlestick tested the 12-day EMA but could not break through. A bearish candlestick tested the 12-day EMA and was resisted and price fell again. The bears have succeeded to break the $4,500 price level.

The price of Bitcoin is likely to find support at $4,000 price level. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Traders should exit their long trades until the bearish pressure is exhausted.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. On November 22, a bearish candlestick was resisted by the 12-day EMA and the $4,500 price level was broken to the downside . Meanwhile, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: November 22, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,500, $4,400, $4,300

Yesterday, November 21, the price of Bitcoin was in a sideways trend. On November 20, the digital currency fell to its low at $4,534.90 and commenced a range bound movement above that price level. The price above $4,500 has been sustained in the last three days. The appearance of Doji and spinning tops candlesticks describe the indecision of buyers and sellers at this price level.

Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. From the price action, if price is resisted by the EMAs then the crypto's price is likely to fall. On the other hand, if price breaks the EMAs, the crypto's price is likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The price of the digital currency broke the 12-day EMA and the 26-day EMA as price moves to the bullish trend zone. The crypto's price now fluctuates below and above the EMAs. Price is presently below the exponential moving averages.


Bitcoin (BTC) Daily Price Forecast: November 21, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,500, $4,400, $4,300

Yesterday, November 20, the price of Bitcoin was in a bearish trend. On November 19, the crypto’s price was resisted by the 12-day EMA and price fell to the low of $4,510.20. The bears have temporarily suspended bearish pressure as the bulls took control.

Meanwhile, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. Traders are to look out for buy setups so as to initiate long trades as the price has reached the oversold region.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. The crypto’s price fell to the low above the $4,500 price level and commenced a range bound movement. The digital currency has broken the 12-day EMA and the 26-day EMA and pulled back. If price breaks the EMAs and remains above it there is the tendency to resume its uptrend movement. Meanwhile, the price is neither below nor above the 12-day EMA and the 26-day EMA indicating a sideways trend.


Bitcoin (BTC) Daily Price Forecast: November 20, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,500, $4,300, $4,100

Yesterday, November 19, the price of Bitcoin was still in a bearish trend. Yesterday, the price of Bitcoin further depreciated when the price was resisted by the 12-day EMA. On November 14, the digital currency was resisted by the 12-day EMA and the 26-day EMA as the price fell to the low of $5,591.30.

At this low price, the crypto commenced its range bound movement when it was resisted by the 12-day EMA on November 19. The price fell below the $5,000 price level.Today, the price of Bitcoin is still below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. On November 19, the price was resisted by a 12-day EMA and the 26-day EMA and price fell to the low of $4,957.10. Price of Bitcoin has fallen below $5,000 and it is ranging towards the EMAs; probably to test the moving averages. If price breaks the EMAs to the upwards, the price is likely to rise. On the other hand, if the price falls below after testing, the downward trend will continue.


Bitcoin (BTC) Technical Analysis: November 19, 2018

Latest Bitcoin News

Thing is the crypto market is positive following the approval of Amun Crypto ETP. The tradable exchange traded product is conceptually similar with an exchange traded fund (ETF) in that institutional and accredited retail investors can easily invest in cryptocurrencies via a regulated and liquid product without the need of setting up custody of the digital asset by-passing local rules that might bar investment in cryptocurrencies. Though positive, there is no relation between this and the SEC approving several Bitcoin ETF proposals.

The Amun Crypto ETP–like CoinBase Index and Bitwise Hold 10 is made up of five high liquid coins of which Bitcoin makes up the majority—at 50 percent with the rest split between XRP—the second most valuable coin in the space and ETH, BCH and Litecoin. Because of the approval by the Six Swiss Exchange, the ETP shall be compliant with the stringent oversight rules adhered by traditional ETFs. Even though this is a milestone with many speculating that this will be a foundation for the SEC to approve a Bitcoin ETF later this year or in Q1 2019, there is simply no connection with ETF approval as applicable regulations vary.

The ETP shall derive its value from the underlying assets while an ETF which the SEC rejected would derive its value from Bitcoin prices tracked from a verified, regulated cryptocurrency exchange as the case of Winklevoss Twins or from a Bitcoin Futures market as CME or CBoE—as proposed by ProShares. Then again there is a Bitcoin ETP product in the US market traded as normal shares in Bitcoin Investment Trust.

Bitcoin (BTC) Price Analysis

BTC/USD Price Weekly Chart

BTC/USD Price Analysis

It’s back to red in the crypto market and BTC/USD is down 18 percent in the last week dropping below $5,300 for the first time this year printing $5,250 at the time of press.

Thing is, the bear breakout pattern of last week was a triggered by fundamental events—Bitcoin Cash ABC—SV hash war and favorable technical consideration meant prices did melt down below $5,800 at the back of high market participation.

Now that our trade conditions have been met and there is a conspicuous bear bar printing below the main support level, conservative traders can as well begin unloading at spot prices with stops at $5,800 with first targets at $4,500.

BTC/USD Price Daily Chart

BTC/USD Price Analysis

Back to the daily chart and losses are steep. Not only are BTC/USD bears stepping up confirming our bear bias days after Nov 14 clear break and close below the main support trend line but it seems like there is a spike in market participation.

Apart from Nov 14 high volume bar, today’s volumes are relatively higher and almost twice the average of the last two days—18k from 9k. Everything else constant, we expect prices to recover before bears resume trend in the course of the week. As such, traders should wait for pull backs in lower time frames before selling with targets at $4,500.

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: November 19, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $5,300, $5,200, $5,100

Last week the price of Bitcoin was in a sideways trend. The digital currency was fluctuating above the $6,400 price level all through the week. From the chart, price fell from the $6,400 to the low of $4,559.30 and commenced a range bound movement. On November 14, the crypto’s price broke the 12-EMA and the 26-day EMA and commenced a bearish trend. The crypto’s price also broke the $6,000 price level thus weakening the price of Bitcoin against the United States dollar.

Today, the crypto's price is now below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. This gives the currency the edge to further depreciates.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. The digital currency had been fluctuating above the $5,600 price level. The crypto’s price is falling again at the bearish trend zone. The price of Bitcoin is likely to fall to test the previous low of $5,436.30.


Bitcoin (BTC) Long Term Price Forecast: Nov 17, 2018

BTC/USD Long-term Trend: Bearish

Resistance levels: $7,200, $7,400, $7,600
Support levels: $5,400, $5,200, $5,000

The BTCUSD pair had been bearish in the last two weeks of November . In the first week, the price of Bitcoin was range bound with an opening balance of $6,362.99. The crypto's price was fluctuating above the $6,400 price level. Meanwhile, the 12-day EMA and the 26-day EMA were horizontally flat indicating a sideways trend. On November 14, a bearish candlestick broke the exponential moving averages( EMAs) to the downside.

Price went down to the $5,600 price level as at the time of my writing. In the remaining weeks of November, the crypto's price is likely to be range-bound between the levels of $5,500 and $6,500. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: November 16, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $5,500, $5,400, $5,300

Yesterday, November 15, the price of Bitcoin was in a bearish trend. As the critical support level of $6,000 was broken, the price of Bitcoin is daily getting weaker. From the daily chart, the price of Bitcoin is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall.

The crypto's price is making a series of lower highs and lower lows. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. However, a bearish candlestick is drawn at the lower time frame to determine the duration of the bearish trend.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. A bearish trend line is drawn showing the resistance levels where traders can short their trades. The principle is that if price breaks the bearish trend line and the following candlestick closed on the opposite of it; the current trend is said to be over. From the price action, a bullish candlestick has broken the trend line and the following candlestick closed on the opposite of the trend line. The bearish trend of Bitcoin is said to be terminated.


Bitcoin (BTC) Daily Price Forecast: November 15, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $5,600, $5,400, $5,200

Yesterday, November 14, the price of Bitcoin was in a bearish trend. The crypto's price had a bearish breakout from the $6400 price level. The bearish breakout broke three levels of price namely the $6,400, $6,200 and the critical support level of $6,000. This development will weaken the price of Bitcoin. The price of Bitcoin fell and it is approaching the $5,700 price level. Traders should look out for buy setups as price hovers around the $5,700 price level.

A long trade is recommended at this early stage so that traders will earn partial profits as the crypto's price revisit the previous highs. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. The BTC price fell to the low of $5,760.65 and the crypto's price is consolidating at that price level. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: November 14, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,100, $5,900

Yesterday, November 13, the price of Bitcoin was in a sideways trend. The crypto’s price had been in a sideways trend before price broke that level to the low of $6,300 on November 11. On November 13, the crypto’s price has resumed its sideways trend. Price of Bitcoin is now fluctuating above the $6,400 price level.

The 12-day EMA and the 26-day EMA are horizontally flat indicating the sideways trend. The small body’s candlesticks are indecisive candlesticks describing the indecision of buyers and sellers at the $6,400 price level. There will be no trade recommendation as the price of Bitcoin is still in a sideways trend. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The price bars are fluctuating above the exponential moving averages. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: November 13, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,100, $5,900

Yesterday, November 12, the price of Bitcoin was in a bearish trend. The BTC price broke the $6,400 price level and pulled back. In the other words, the price was fluctuating above the $6,400 price level. The crypto's price is still below the exponential moving averages(EMAs).

If the bears are available and more than the buyers, the bears will break the $6,400 price level and proceed to the critical support level. There will be no trade recommendation as the price is range bound. Meanwhile, the digital currency is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is fluctuating above the $6,400 price level. The price bars are fluctuating above and below the exponential moving averages. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Technical Analysis: November 12, 2018

The market is vibrant as investors expect BTC to recover and spur surges above $8,500. But before then, we need clear breakouts above $7,000 and $7,200 as buyers cement their intentions.

Latest Bitcoin News

No doubt, the digital asset is fairly new but promising. We can see how it has steadily metamorphosized into this multi-billion dollars in 10 short years and according to Gabor Gurbacs, the Director of Digital Asset Strategy at VanEck, there is massive potential for digital assets to increase their market valuation above the $3 trillion mark in the next two decades.

But that depends on how regulators interpret the much-anticipated Bitcoin ETF proposal now that they did reject nine different Bitcoin ETF proposals but re-opened them earlier last month for review and comment.  This cautious approach was expected because the US SEC is known for their hard stance and as they prioritize investor protection, they should also factor is the widespread demand for this new asset class.

After all, with the entry of traditional players as Fidelity Investment better custodial solutions would be accessible to institutions and firms. Meanwhile, high volume investments from Yale and similar institutions would steady prices riding volatility and increasing depth of liquidity.

The reasoning for this is simple. With Bitcoin ETF, the SEC would better regulate the industry stamping out illegalities as wash trading and other forms of manipulation allowing institutional monies to flow into these ETPs which are directly under their oversight. Besides, there will be market-wide compliance as product providers seek to mesh with already compliant traditional markets.

Bitcoin (BTC) Price Analysis
BTC/USD Weekly Chart

BTC/USD Price Analysis

For 11 months now, Bitcoin has failed to register noteworthy gains. In fact, what we have in the weekly chart are signs of horizontal consolidation as BTC/USD oscillate above $6,000, an important support line, inside a $200 trade range.

With last week’s close above the main resistance trend line, bulls didn’t confirm week ending Nov 4 bullish pin bar but still, we expect prices to edge higher and perhaps print above $7,200 ushering in the first wave of bulls driving prices towards $8,500.

That will be positive complementing gains of the week ending Oct 21 ensuring there is market boosting trend resumption within a bullish break out pattern at the final section of the wedge.  On the flip side, breakouts below $6,000 could trigger sellers aiming at $4,500 and later $3,000.

BTC/USD Daily Chart

BTC/USD Price Analysis

Two things are clear in the daily chart. First, BTC/USD is bearish. Secondly, the price is trending inside a bear break out pattern and following rejection of higher highs on Nov 8, it seems like bears did confirm the second phase—the trend resumption—of a classic breakout pattern.

Now, since BTC/USD is down 75 percent from 2017 highs, patience is key and we shall recommend shorts once there is clear declines below $6,300 or November lows with first targets at $6,000 and stops at around $6,500.

However, should prices find support and instead recover, then ideally traders should enter buys if and only if there is a breakout trade above $6,800.

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: November 12, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,100, $8,900

Last week the price of Bitcoin was in a bullish trend. The digital currency reached a high of $6,606.42 but the bulls failed to take price to the $7,400 price level. On November 7, the crypto faced resistance at $6,600 price level and it fell. It was suggested that if price broke the $6,400 price level in a downward trend, the crypto would find support at the $6,200 price level.

Today, the crypto fell and approached the $6,300 price level but now in a bullish trend. Price of Bitcoin is likely to continue its rise. Meanwhile, the digital currency is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the digital currency reached a low of $6,350 and pulled back. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Long Term Price Forecast: Nov 10, 2018

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,400, $6,200, $6,000

The price of Bitcoin was range bound in the first week of November 2018. In retrospect, the digital currency was ranging above the $6,400 price level all through the month of October 2018. The major bearish event is that on October 11, the bears went deep into the $6,200 price level. While on October 15, the bulls had a price spike that reached the high of $7,600 but price pulled back to the low of $6,500.

That was why we had a price ranging above the $6,400 price level. On November 7, the price reached a high of $6,565.66 but was resisted. The digital currency was in a downward trend after the resistance at $6,600 price level. The digital currency is likely to fall because price is in the bearish trend zone. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: November 9, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,100, $5,900

Yesterday, November 8, the price of Bitcoin was in a bearish trend. The crypto's price fell to the $6,400 price level. The crypto's price broke the 12-day EMA and the 26-day EMA while in a downward trend . The digital currency is now fluctuating above the $6,400 price level. The $6,400 was previously the upper level of price range.

If the bears break the $6,400 price level, the price will fall and find support $6,200. On the other hand, if the crypto's price holds at the $6,400 price level; the price of Bitcoin will commence a range bound movement. Meanwhile, the BTC price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price broke the exponential moving averages (EMAs) in a bearish trend. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: November 8, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,500, $6,300, $6,100

Yesterday, November 7, the BTC price was in a bullish trend. The crypto's price reached the high of $ 6,606.42 in a bullish trend. However, the bears resisted price at the resistance of $6,606.72 and the crypto's price fell to a range bound movement. The digital currency is now fluctuating above the $6,500 price level.

The crypto's price is likely to revisit the previous lows because the price of Bitcoin is in the bearish trend zone. Traders are to exit their long trades as the price is in a range bound movement. Meanwhile, the BTC price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The crypto's price has broken the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal. Price is likely to fall to its previous low $6,300 and $6,200.


Bitcoin (BTC) Daily Price Forecast: November 7, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,500, $6,300, $6,100

Yesterday, November 6, the price of Bitcoin was in a sideways trend. The digital currency was fluctuating above the $6,400 price level before the emergence of a bullish trend. Yesterday, it was suggested that the BTC price is likely to rise because price was above the 12-day EMA and the 26-day EMA. Today, the crypto's price is facing resistance at the $6,600 price level.

The question is, is price going to break that level and proceed to the $6,800 price level? Or price will find support at the $6,600 price level? A trend line is drawn at the lower time frame to determine the continuity of the bullish trend. Meanwhile, the BTC price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The crypto's price is making a series of higher highs and higher lows. The bullish trend is assumed to continue if the trend line is not broken. But if the trend line is broken and the following candlestick is closed opposite the trend line; the trend is said to be terminated. The current bullish trend has been terminated.


Bitcoin (BTC) Daily Price Forecast: November 6, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,200, $6,100

Yesterday, November 5, the price of Bitcoin was in a sideways trend. The digital currency has remained above the $6,400 price level in the last three days. On November 3, the digital currency has previously fallen to the $6,300 price level and it commenced a bullish movement to the $6,400 price level.

The crypto's price is fluctuating above the $6,400 price level because the buyers and the sellers are undecided about where price will go. Meanwhile, the BTC price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Price is likely to face resistance at the $6,600 price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The price bars and the exponential moving averages are trending horizontally.The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Technical Analysis: November 5, 2018

After 10 months of lower lows, many are expectant of a bounce back. And it seems to be printing out as BTC/USD pair find support at $6,000 following super gains of Nov 5. All in all, we expect buyers to build on yesterday’s momentum and confirm the three-bar bull reversal pattern slinging back bulls into contention. First targets remain at $8,500 more so if there is an expansion above $7,200.

Latest Bitcoin News

Weiss Ratings, an independent US based ratings company offering services for banks, institutions and cryptos is known for making some rather bold statements in this space. Straight from their comments that Ethereum market share will surpass that of Bitcoin in the next five years to other controversial posts made on Twitter, the firm has earned themselves a reputation in the sphere. Just recently, they updated their crypto ratings list.

Based on several factors as investment, adoption, risks and reward models, they are advising clients to hold BTC while recommending buys for ADA and EOS because of their smart contract and dApp building capacity and vibrant community. In the meantime, they rate XRP highly because of their fast–transactional speeds which makes them attractive as the coin proponents strive to dislodge SWIFT.

However, this appear not to slow down the momentum of Bitcoin as divulged by Grayscale Investment. The firm which rolled out their digital asset investment services back in 2013 is backed by the Digital Currency Group and are slowly becoming a main stay as far as Bitcoin and other coin investment is concerned.

Their Q3 report indicate that 73 percent of their $81.1 million fund inflows during the quarter was from institutions and other high net-worth accredited investors. What’s also interesting is that retirement accounts are funneling their moment at a faster pace—at 18 percent in the last quarter compared to year to date gains at 17 percent. No doubt, involvement of “big money” is a stamp of approval and Bitcoin should benefit from the high trading volumes expected.

Bitcoin (BTC) Price Analysis

BTC/USD Weekly Chart

BTC/USD Price Analysis

Events of last week could anchor price action of the coming week. As it is, we have a doji bar complete with a long lower wick hinting of bull pressure in lower time frames. What’s of interest though is the point of reversal.

From previous BTC/USD price analysis, the area between $5,800 and $6,000 is an important support level and it’s where prices are spring from as bulls sync with events of week ending Oct 15.

But, before we suggest straight buys, we first need to see strong gains above $7,200 an important resistance line and the upper limit of our resistance zone. Thereafter, we shall suggest risk off traders to buy on dips with first bull target at $8,500.

BTC/USD Daily Chart

BTC/USD Price Analysis

Though bulls are in charge in most altcoins, BTC/USD pair is actually trending within a bear break out pattern. This follows the meltdown of Oct 29 that saw bears press lower closing below the main support trend line activating short term bulls as gains of Oct 15 were reversed.

What we have now is a three-bar bull reversal pattern and it is imperative for bulls to completely reverse Oct 29 losses closing above $6,500 as risk-off traders are called into action. Ideal stops would be Oct 29 lows at $6,300 while first targets would be $7,200.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: November 5, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,200, $6,100

Last week the price of Bitcoin was in a sideways trend. The BTC price fell to the low of $6,300 and made a bullish movement to the $6,400 price level. The crypto's price has remained bullish and above the $6,400 price level since last week. The price of Bitcoin is expected to rise because it is above the exponential moving averages (EMAs).

If price rises the digital currency may face resistance at the $6,600 price level. However, if the bulls scale through that level, the price of Bitcoin will resume its uptrend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a bullish trend. The BTC price rose and was resisted at the $6,500 price level.The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Nov 3, 2018

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,400, $6,200, $6,000

The overall trend of Bitcoin was a sideways trend in the month of October. The digital currency was either ranging above the $6,500 or ranging above the $6,400 price level. The bulls and the bears are undecided about where price will go. The price action shows the indecisive candlesticks which include Dojis and spinning tops about the indecision of buyers and sellers.

In the first week of November, the price fell and was ranging above the $6,300 price level. Presently, the BTC price is currently trading at $6,417 as at the time of writing. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: November 2, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,200, $6,100

Yesterday, November 1, the price of Bitcoin was in a sideways trend. The crypto's price was fluctuating above the $6,300 price level while in a bearish trend zone . The digital currency was expected to fall to the low of $6,200 . Today, the BTC price is out of the bearish trend zone and it is in a bullish trend. The digital currency is approaching the $6,400 price level but will face resistance at the $6,600 price level.

If price breaks the $6,600 price level, Bitcoin will resume its uptrend. Traders should initiate long trades at the current price in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: November 1, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,200, $6,000, $5,800

Yesterday, October 31, the price of Bitcoin was in a sideways trend. On October 29, the crypto’s price was broken by the bears after a long period of range bound movement above the $6,500 price level. The price fell to the $6,300 price level and commenced another range bound movement. Nevertheless, in the last three days, the price of Bitcoin was fluctuating above the $6,300 price level.

The BTC price is still under a bearish trend and price is expected at the $6,200 price level. However, if the $6,200 price level is tested or broken, then a revisit to the critical support level is imminent. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. On October 31, the crypto’s price tested the $6,200 price level and rebounded to its range bound movement. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: October 31, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,200, $6,000, $5,800

Yesterday, October 30, the price of Bitcoin was in a bearish trend. The crypto’s price downward trend is still continuing as price makes a slight fall to the lower price range. Today the downward trend will continue notwithstanding the insignificant price movement. Price is expected to reach the critical support level of Bitcoin which is the $6,000 price level.

However, if the critical support level is broken price of Bitcoin will be weakened. Nevertheless, traders should look out for buy setups if the price falls to the critical support level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: October 30, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,200, $6,000, $5,900

Yesterday, October 29, the price of Bitcoin was in a bearish trend. The digital currency had been range bound above the $6,500 price level in the last three weeks. The cryptocurrency fell to the low of $6,300 and commenced a range bound movement. Previously, the BTC price was range bound between the levels of $6,200 and $6,600.

The crypto's price is likely to revisit the previous low of $ 6,200. This was the lower price range which is likely to be tested. If the price falls again and holds at the $6,200 price level traders should initiate long trades. Then stop-loss orders should be placed below the $6,200 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The digital currency is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: October 29, 2018

At the back of super low volatility, the market is overly expectant of further gains once the bottoms are hit. Tim Draper is back at it again insisting that BTC will test $250,000 by 2022 because the coin is just a better, global and transformational currency that will gradually replace fiat.

Latest Bitcoin News

Apparently, recent Bitcoin price movement point to a stable market. A market that is ready for institutional involvement. It should be noted that in January, it was not unusual for Bitcoin prices to move upwards of $4750 or by +/-40 percent on a weekly basis. That is now changing and in the last few months, Bitcoin prices have been so subdued with recent finding indicating that Bitcoin volatility is lower than that of Netflix and Amazon whose 20-day volatility exceeds 35 percent.

Many analysts are now speculating that because of this super low volatility and tapering standard deviation, high net-worth and institutions will funnel their funds into Bitcoin steadying price as a result. Besides the deep liquidity and stability that is associated with investment, long term coin holders are poised to benefit as speculators scuttle at the face of dropping Bitcoin prices.

Talks of a bottoming market also triggered Tim Draper, a known Bitcoin bull and ambassador to reiterate his stance that Bitcoin will print $250,000 by 2022 because Bitcoin is simply a better currency based on mathematics, verifiable and whose 100-year inflation outlook is known.

Bitcoin he said will continue to “eat up” the $87 trillion fiat market share as volatility decrease and people realize how transformational, global and decentralized the technology powering it is.

Bitcoin (BTC) Price Analysis

BTC/USD Weekly Chart

BTC/USD Bitcoin Price Analysis

Overly, Bitcoin prices are tepid and moving inside a tight $350 range above the main support line at $6,000. If anything, we shall retain our last price outlook expecting BTC to recover and surge above important resistance levels at $7,000-$7,200 and the main resistance trend line which has been an efficient liquidator in the last 10 months or so.

Moving on, we should note that the reduction in price volatility following more than 75 percent drops from 2017 peaks are indicators of lower time frame accumulation which could pave way for bulls as set by week ending Oct 21 break out.

In any case anyway, we maintain a bullish outlook thanks Oct 15 price spikes which at one point drove prices above key resistance levels igniting buys in the process. Though prices did correct, odds are prices will snap back to trend confirming our projections.

BTC/USD Daily Chart

BTC/USD Bitcoin Price Analysis

In this time frame, the stability of the last two weeks is evident and here BTC/USD prices are moving inside Oct 15 high low as volume tapers. This is an indication of bulls first because of the lack of momentum to reverse Oct 15 gains and secondly because of volumes which are drying up.

Now, as long as BTC prices are trading above Oct 15 lows at $6,200, aggressive traders can begin buying on dips in lower time frames with first targets at $7,200 and later $8,500 in line with our last BTC/USD price forecast.

Conversely, dips below $6,200 nullify this projection and could potentially lead to losses below $6,000 triggering an unwanted wave of sell pressure further adding to this year losses.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: October 29, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Last week, the price of Bitcoin had been in a range bound movement. The crypto's price had been consolidating above the $6500 in a last one week. On October 27, the bears broke the price at $6,500 and it is now fluctuating above the $6,400. As price is below the moving average, the digital currency is now in the bearish trend zone.

Price is likely to fall and will revisit the previous lows of $6,200 and $6,000. Traders will have to exercise patience to wait for price to revisit the previous lows before initiating long trades. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The digital currency is above the 12-day EMA and the 26-day EMA which indicates that price is rising. Price is expected to rise but may face resistance at $6,502.73 which may cause it to fall.


Bitcoin (BTC) Long Term Price Forecast: Oct 27, 2018

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,400, $6,200, $6,000

On October 1, the BTC/USD pair has an opening balance of 6,575.57. The digital currency had been range bound in the month of October 2018 between the levels of $6,400 and $6,600. In the first week of October, Bitcoin was in a bearish trend. In the second week, the crypto's price was in a bullish trend. While in the third week, the price of Bitcoin was consolidating above the $6,500 price level. In the month of October, the price of the Bitcoin could not break the $6,600 price level.

On October 15, the BTC price reached the high of $7,695.82 but pulled back to the low of $6,696.82. Thereafter, price fell to the low of $6,518.82 and commenced a range bound movement above the $6,500 price level. As price is being consolidated above the $6,500 , a price breakout is imminent. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Daily Price Forecast: October 26, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Yesterday, October 25, the price of Bitcoin was in a sideways trend. In the last 24 hours, the market has remained the same. The price bars of Bitcoin are horizontally fluctuating above the $6,500 price level indicating that price is in a sideways trend.

Trading becomes unnecessary because the price is not creating the key levels of the market. The support and resistance are not evenly apart. Price breakout is expected. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend zone. The appearance of indecision candlesticks is fluctuating horizontally. This also explains that the buyers and the sellers are said to be in equilibrium at the $6,500 price level. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Daily Price Forecast: October 25, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Yesterday, October 24, the price of Bitcoin was in a sideways trend. Price of the digital currency was hovering above the $6500 price level. Yesterday there was a minor price movement. The bulls reached the high of $6626.30 and were resisted. The price fell to the low of $6534 and commenced a bullish movement. The bear's movement have been restricted above the $6,500 price level while the bull's movement have been restricted below $6,600 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone. The price of Bitcoin is in the bearish trend zone and the bears may have advantage over that.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend zone. The crypto’s price fell to the low of $6,507 and commenced a bullish movement. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Technical Analysis: October 24, 2018

Thanks to rumors milling around the imminent launch of Van Eck Bitcoin ETF following a rather fruitful meeting where previous kinks were ironed out; the market is vibrant—and ready for bulls. This comes at the back of ICE announcing that they shall launch their first physically settled Bitcoin Futures in less than two months. Overly, our last Bitcoin trade plan stand and as long as Bitcoin hold above $6,000, prices could end up rallying above $8,500.

Latest Bitcoin News

Beginning December 12, 2018, the Intercontinental Exchange who are owners of Bakkt, a cryptocurrency exchange platform which shall work closely with established Wall Street companies as Star Bucks and Microsoft, will launch their Daily Bitcoin Futures. After getting the much-needed approval from the CFTC, the excitement in the space is palpable and as a product that a giant as ICE has been working so fervently towards its realization, the Bitcoin and cryptocurrency space seem ready for institutional investments.

Note that the founder and the current CEO of the ICE, Jeffrey Sprecher is behind the initiative and considering his track record of turning the ICE into this machine that operates 12 regulated exchanges including the NYSE-which is one of the largest in the world and 6 clearing houses, the expected launch should be a game changer. Note that, the ICE also offers agricultural commodities futures and leads in their sector. Therefore, if we link that to this announcement, it’s clear that Bakkt’s is working towards making their physically settled Bitcoin Futures one of the best in the world as they rival those from the CBoE and CME.

Aside ICE announcement, rumor has it that the SEC shall approve Van Eck and SolidX Bitcoin ETF following a successful meeting between the SEC commissioners, the representatives of Van Eck and the CBoE. According to reports, SEC Commissioner Roisman said in the meeting that the previous issues identified in the Van Eck Bitcoin ETF application has been resolved and sources are resolute that this Bitcoin ETF shall be approved by the end of the year buoying prices as a result.

Bitcoin (BTC) Price Analysis

Weekly Chart

Bitcoin Price Analysis

It’s clear that the Bitcoin market has been stuck in an energy sapping consolidation for the better part of the year.

What’s even interesting is that BTC has been range bound inside a $1,500 zone marked by main support at around $5,800–$6,000 on the downside and $7,200 on the upside. But, because of last week’s price explosion, we shall trade a bull break out encouraging buys in lower time frames with first targets at $8,500 and later $10,000.

For now, conservative, risk-averse traders should take a neutral stand until after prices rally above the main resistance trend line and $7,200 before ramping up on pull backs.

Conversely, should bears who are now clear thanks to the lack of follow through after Oct 15 eruptions drive prices below $5,800–$6,000 support zone then it’s likely that we shall see BTC test $4,500 and even $3,000 more so if the bear break-out is accompanied by high volumes.

Daily Chart

Bitcoin Price Analysis

Of importance in our Bitcoin price analysis is Oct 15 bar. Not only did we see high volumes and wide price ranges but the break out above $7,200 means our main buy trigger high was hit but subsequent pull backs lead to our Bitcoin longs exit because stops at around $6,800 were hit.

Regardless, we still recommend buys in lower time frames and as long as BTC prices are trading inside Oct 15 high low, aggressive traders can buy at spot with stops at $6,300 (Oct 15 lows) with first targets at $7,200 and later $8,500 in line with our last Bitcoin price analysis.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: October 24, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Yesterday, October 23, the price of Bitcoin was in a sideways trend. There was no significant price movement as price remains above the $6,500 price level. Also, price fell from $6,571.36 to $6,547.29 and commenced a bullish movement. Today, price is approaching the $6,600 price level. The bulls and the bears have reached an equilibrium price at the $6500 price level the previous day.

The digital currency will continue its range bound movement until price encounter a breakout. There is no trade recommendation as the price is ranging above the $6,500 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend zone. Meanwhile, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: October 23, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Yesterday, October 22, the price of Bitcoin was in a bearish trend. On the 4-hour chart, the crypto’s price had been sustained above the $6,500 price level. Since October 15, the crypto’s price had been fluctuating above the $6,500 price level. Price is now in the bearish trend zone. However, if the bears break the $6,500 price level, the price of Bitcoin will revisit the lows of $6,200 and $6,000.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend zone. While is in the bearish zone the bulls and the bears made insignificant price movement. On October 22, the bulls reached the high of $6,627.90 but fell to the low of $6,554.90. Later the crypto’s price rose to the high of $6,578.90. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Bitcoin (BTC) Daily Price Forecast: October 22, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Last week the price of Bitcoin was in a bullish trend. On October 15, the crypto’s price reached the high of $7.788 in a price rally but pulled back to the low of $6,742. The digital currency became range bound at that price level for two days before falling to the low of $6,525. Today, the BTC price is ranging above $6,500 price level.

The cryptocurrency is likely to continue its range bound movement because the 12-day EMA and the 26-day EMA are horizontally flat. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. The price of Bitcoin is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. On October 22, the crypto’s price fell to the low of $6,578.45 and commenced a range bound movement. Meanwhile, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Long Term Price Forecast: Oct 20, 2018

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,400, $6,200, $6,000

The BTC/USD pair had been range bound since the beginning of the month. The digital currency commences a range bound movement each time price test the $6,800 price level. On September 21, the crypto's price reached the high of $6,782, and the price fell to a range bound movement. Also, on September 27 and October 15, the bulls tested the $6,800 resistance level and were repelled. Price was ranging above the $6,600 before the BTC price had a downward fall.

The crypto's price is ranging at a price of $6,301.66. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast: October 19, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Yesterday, October 18, the price of Bitcoin was in a sideways trend. On October 18. the BTC price fell to the low of $ 6,610,02 and commenced another range bound movement. The digital currency now fluctuates at the $6,600 price level in a sideways trend. The implication is that the zone where price is will likely affect its movement. Let us assume that the price is in the support zone where buying is prevalent.

The digital currency may likely have a bullish trend. On the other hand, if price is in the resistance zone where selling is prevalent. The crypto's price is likely to be in a bearish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The crypto's price fell to the low$6,572.76 and commenced a sideways trend. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Daily Price Forecast: October 18, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,500, $6,300, $6,100

Yesterday, October 17, the price of Bitcoin was in a sideways trend. In the last 3 days, the price of Bitcoin has remained the same. The crypto's price is still ranging above the $6,700 price level. The price bars and the exponentials moving averages (EMAs) are horizontally flat indicating that Bitcoin is in a sideways trend. As I suggested earlier on, trading is unnecessary as the market is consolidating.

There is the possibility of a price break in the nearest future for the price of Bitcoin. Traders should exit their current positions because of price breakout. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The crypto's price and the moving averages are still horizontally flat. Meanwhile, the price of Bitcoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend zone.


Bitcoin (BTC) Daily Price Forecast: October 17, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,500, $6,300, $6,100

Yesterday, October 16, the price of Bitcoin was in a sideways trend. In the last 24 hours, there has been no significant price movement. The crypto's price is ranging above the $6,700 price level. The price bars and the exponentials moving averages (EMAs) are horizontally flat.

The crypto's price is in the bearish trend zone. There is the likelihood of price falling to the support zone. Trading is not recommended as the market is quiet. Traders may wish to exit their positions so that they don't lose their capital in a ranging market. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The crypto's price and the moving averages are horizontally flat. Meanwhile, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Daily Price Forecast: October 16, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,500, $6,300, $6,100

Yesterday, October 15, the price of Bitcoin had a price rally where Bitcoin reached the high of $7,695.82 but pulled back to the low of $6,825.78. The crypto's price was repelled at the resistance of $7400. Bitcoin price had been struggling over a month to break that level in order to resume its uptrend.

Price is back to its previous level fluctuating above and below the $6,600 price level. Today, the digital currency is expected to rise as price is in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The crypto's price is fluctuating horizontally at the price of $6600 . Meanwhile, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Daily Price Forecast: October 15, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,800, $6,600, $6,400

Last week, October 8, the price of Bitcoin reached the high of $6703.11 price level. The $6,700 price level is a resistance zone where sellers have shown interest to sell. Therefore, the crypto’s price was bearish all through the week and it fell to the low of $6,248.61. The $6,200 price level is the lower level of price range or the support zone where buyers are willing to buy.

Today, the digital currency is fluctuating above the $6200 price level. Price of Bitcoin is expected to rise because it is in the support zone where buyers are willing to buy. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The digital currency is fluctuating above the $6,200 price level. The price of Bitcoin is in the bullish trend zone as it is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Long Term Price Forecast: Oct, 13, 2018

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,200, $6,000, $5,800

The BTC/USD pair was in a sideways trend at the beginning of October 2018. Last September, the crypto's price was in a sideways trend. On September 2, the digital currency fell to the low of $6,379.37 and commenced a range bound movement. The BTC/USD pair has lost about 6% of its capitalization in last month's trading. On October 1, the BTC price is trading above the $6,500 price level.

The $6,500 price level had been a strong support for the price of Bitcoin but had been broken by a bearish trend. The crypto's price is ranging at a price of $6,301.66 as at the time of writing. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the Relative Strength Index period 14 is level 44 which indicates that price is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast: October 12, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,000, $5,800, $5,600

Yesterday, October 11, the price of Bitcoin was in a bearish trend. The bears broke the $6,500 price level and Bitcoin fell to the low of $6,282.98. Price has fallen to the Lower level of price range. Today, the digital currency is now ranging above the $6,200 price level. The reason for the range bound movement was that the bulls and the bears are undecided about where price will go.

However, if price breaks the $6,200 price level the critical support level will be under threat. Price may likely break the $6,000 price level which may fall to the next previous low of $5,900. On the other hand, if the bulls take control, price will reach the high of $6,500.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The digital currency is ranging above the $6,200 price level. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Daily Price Forecast: October 11, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,100, $5,900, $5,700

Yesterday, October 10, the BTC price was in a Bearish trend. The bulls had been holding the price above $6,500 in the last ten days. This cause Bitcoin to be stagnant and range bound above the $6,500 price level. Today, the bulls have succumbed to the bearish pressure. The bears have broken the $6,500 price level and price is approaching the $6,200 price level.

The next move is likely to be the $5900- $6,000 price levels. Traders are to look out for buy setups at the end of the bearish trend. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 18 which indicates that the market is oversold signaling bear’s exhaustion and suggesting bulls to take control of the market.


Bitcoin (BTC) Daily Price Forecast: October 10, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,500, $6,300, $6,100

Yesterday, October 9, the BTC price was in a Bearish trend. The overall trend for the price of Bitcoin is a range bound movement. Since on September 8, the digital currency had been fluctuating between the levels of $6,200 and $6,800. These levels had not been broken for some time as a result of the range bound movement. However, a breakout is imminent for the BTC price.

If price breaks the upper level of price range the digital currency will reach the highs of $7,400 and $8,500. On the other hand, if price breaks the lower level of price range, the digital currency will revisit the lows of $5,900- $6,000. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 31 which indicates that the market is oversold signaling bear's exhaustion suggesting bulls to take control of the market.


Bitcoin (BTC) Daily Price Forecast: October 9, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,500, $6,300, $6,100

Yesterday, October 8, the BTC price was in a Bullish trend. The Bulls reached the $6,719.40 price level and were resisted. This price level had been a big hurdle for the bulls to jump over. The bears could be overpowered if more buyers were introduced at this price level. The BTC price fell and it is fluctuating above the $6,600 price level.

The cryptocurrency has commenced its range bound movement above the $6600 price level. However, if the $6,600 price level is broken the bears will reach the $6,400 price level. Nevertheless, the MACD indicates that price is still in the bullish trend zone. That is the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The price of Bitcoin reached the high of $6,700 but fell above $6,600 price level to commence its range bound movement. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 56 which indicates that price is in the sideways trend zone.


Bitcoin (BTC) Technical Analysis: October 8, 2018

As long as prices are within a consolidation and above the main support trend line visible in the daily chart, we remain bullish. Supporting this outlook are thawing regulators, prospects of Bitcoin ETF approval this quarter and the general acceptance by government regulators around the world. In the meantime, BTC is stable and oscillating within week ending Sep 23 shedding roughly one percent in the last week. Though we are bullish, we suggest taking a neutral stand until after there are solid gains above $7,200.

Latest Bitcoin News

In cryptocurrency, nothing beats the heavy hand of government regulators. And they are timely coming at a time when blockchain and cryptocurrency in general is at a nascent stage. Last week, Norway’s Financial Supervisory Authority (FSA) pushed new rules that demand cryptocurrency exchanges and those offering crypto storage services—read crypto custodians operating either physically or virtually, to observe the country’s anti-money laundering rules as long as they deal with the Krona or manage investors’ private keys. As reported by Bitcoin Exchange Guide, all Norwegian companies offering cryptocurrency exchange and storage services have until Jan 15, 2019 to comply and register with the regulator.

This was expected more in a region as Scandinavia where there are no specific rules restricting use of cryptocurrency and blockchain in that case. In fact, most Nordic countries as Sweden for example embrace use of crypto with the country’s central bank planning on issuing their won sovereign coin, the e-Krona. Following the same path is Norway and several countries exploring the viability of a crypto central bank. However, considering the intricacies involved, Norway is set on implementing attractive electricity rates for Bitcoin and similar coin miners.

Norway’s FSA directive come shortly after the US SEC amendments on rule change pertaining Bitcoin ETF filing from B2X exchange and two other ETF issuers. These amendments allow for interest parties to air their support or opposition to these previously rejected ETFs before Oct 26.

Bitcoin (BTC) Price Analysis

BTC Weekly Chart

Bitcoin Price Analysis

All things constant, Bitcoin prices are stable and oscillating within a two percent range in the last couple of weeks. At the moment, BTC prices are down roughly one percent in the last week but still trending inside our wedge and inside week ending Sep 23 bar.

If anything, our previous Bitcoin price analysis is valid and unless we see surges above $7,200 clearing the main resistance trend line and buy trigger line, we maintain a neutral stand.

On the flip side, losses below $6,000 open doors for further degradation as buyer expectations are dashed. Needless to say, with big institutions loading up at OTC markets, traders are expectant of surges.

BTC Daily Chart

Bitcoin Price Analysis

From the chart, BTC prices are bottoming up and from June we can note that prices have been edging higher with the main support trend line boosting bulls. Going forward, we remain optimistic of gains above $7000 which increase odds of gains above $7,200 triggering bulls.

For now, we have to contend with a ranging market inside Oct 5 high lows with bears keen on reversing gains. Nonetheless, from an effort versus result scenario, it’s unlikely for sellers to have an upper hand and unless our laid-out conditions are met we shall retain a neutral but bullish outlook as long as prices are above the main support trend line.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: October 8, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000

Last week the BTC price was in a sideways trend. In fact, the digital currency had been ranging in the last seven days. Price had been fluctuating below the $6,600 price level. The buyers and the sellers seem to be undecided about where the price goes. On October 6, the price reached the high of $6,700 but price pulled back immediately. The implication is that a breakout is imminent for the price of Bitcoin .

There will be no trade recommendation as the market is stagnant. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The price is Bitcoin is now ranging above $6,500 price level in a horizontal pattern. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The Relative Strength Index period 14 is level 54 which indicates that price is in the sideways trend zone.


Bitcoin (BTC) Long Term Price Forecast: Oct 6, 2018

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,400, $6,200, $6,000

In the month of September, the BTCUSD pair was in a bearish trend. The BTC price had an opening balance of $7,036.25 but depreciated to $6,569.86 as at the end of the month. In the other words, investors had lost about 6.62% of their capital in September 2018. On September 5, the BTC price was resisted, and price fell to the low of $6,169.30. The bulls had not recovered in the bearish trend. In the first week of October, the bulls and the bears are undecided about where price will go. The BTC price is ranging at the $6,600 price level.

If the digital currency has a bearish breakout the $5,900-$6,000 price levels might be revisited. On the other hand, more buyers will be needed to break the resistance at $6,800 and reach the high of $7,400 price levels. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast: October 5, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000

Yesterday October 4, the BTC price was in a bullish trend. The expectation as at yesterday was that the bulls were making another attempt to test the $6,800 price level. In that process, the BTC price would have reached the high of $7,400. The cryptocurrency was resisted on two occasions at the $6,600 price level.

Today, the price of Bitcoin is in a bearish trend approaching the $6,500 price level. Price of Bitcoin is expected to fluctuate between the levels of $6,400 and $6,800. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The price of Bitcoin is now ranging above the $6,500 price level. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Daily Price Forecast: October 4, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000

Yesterday October 3, the BTC price was in a bearish trend. The bears took price to the low of $ 6,448.29 and succumbed to the bulls. It is expected that traders ought to have initiated long trades at the $6,400 price level. By the time price reaches the high of $6,700, they would have made partial profits.

The bulls are expected to reach the $6,700 price level and break through the resistance. The BTC price will reach the high of $7,400 if it broke the $6,700 price level. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 55 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The price is Bitcoin is now above the $6,500 price level. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Daily Price Forecast: October 3, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,300, $6,100, $5,900

Yesterday October 2, the BTC price was in a bearish trend. After days of fluctuations above the $6,500 price level, the price of Bitcoin has succumbed to the bearish pressure. The failure of the bulls to break the resistance at $ 6,700 has resulted in the fall of the price of Bitcoin. The $6,400 price level is on the verge of being broken. If that level is broken price will reach the $6,200 price level which is the lower level of the previous price range.

Again, if the $6,200 price level is broken, the support zone of $5,900 and $6,000 is likely to be revisited. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The BTC price is falling as price approaches the $6,400 price level . The price is Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Daily Price Forecast: October 2, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,500, $6,300, $6,100

Yesterday, October 1, the price of Bitcoin was in a sideways trend. In the last 24 hours, the price of Bitcoin was still fluctuating above the $6,500 price level. The digital currency was unable to break the $6,700 price level but the bulls were able to defend the support zone of $6,000- $6,600. The bulls will be able to push price forward if more buyers are introduced at this support zone.

Today, the BTC price is trading at $6,601.53 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The BTC price is fluctuating above the $6,500 price level . The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Technical Analysis: October 1, 2018

The failure of Bitcoin buyers to muster momentum and break above the $6,800–$7,200 resistance should be a cause of concern for bulls and altcoins. Price are tepid to say the least and as they oscillate below $6,800, there is a damping effect as cash flow to table topping XRP and XLM. This reduces liquidity and by extension demand further delaying gains above $20,000 as projected by Mike Novogratz.

Latest Bitcoin News

No doubt, the revival of Bitcoin and other cryptocurrency prices is relieving for many investors. While the slump could be attributed to many factors, regulatory concerns tops the table. In fact, it remains a stain for XRP and to some extent Monero, a privacy coin.

Well, studies reveal that blockchain start ups and cryptocurrencies often react when there are comments from leading government regulators as the SEC or the CFTC and even from central banks. The Reserve Bank of India took the infamous route of banning Bitcoin and cryptocurrencies while PBoC brags that their efforts to stamp out scam projects and cryptocurrencies have seen the Yuan trading volumes drop from 90 percent to less than one percent. That combined by Google and social media platforms banning cryptocurrency related advertisement saw exposure of Bitcoin reduce.

Nonetheless, the community remain hopeful especially now Facebook and Google-giants who depend on crypto to flourish—are reversing their stands allowing exchanges to advertise about Bitcoin but not on ICO and other facilitators as wallets. While this slows down penetration, Bitcoin adoption is inevitable. This is a fact that has been reiterated by Nigel Green, the Founder of deVere Group.

All in all, even if the recovery is slow, many are trading according to Michael Novogratz calls. Recently, he correctly predicted a bottoming market insisting prices are now preparing to recover past 2017 highs. This was because institutions were preparing to invest in cryptocurrencies and blockchain.

Bitcoin (BTC) Price Analysis

Weekly Chart

Bitcoin Price Analysis

Despite investor excitement over a potential rally, Bitcoin price charts “talk” of a different story. Note that Bitcoin prices are stable when we take a top down approach analyzing gains in the weekly chart where prices are down one percent. Aside from rigid price movements, Bitcoin bulls didn’t build enough momentum to break above week ending Sep 23 or the eight-month main resistance trend line. That’s despite the long lower wick hinting of strong bull pressure by end of last week.

From our previous reiteration, we recommend conservative (risk-averse) traders to take a neutral stand in line with our last Bitcoin price analysis. Traders should only enter long positions once there are movements above $7,200. Then prices would be trading above the resistance trend line in a price boosting bullish break out trade.

Daily Chart

Bitcoin Price Analysis

In the daily chart, Bitcoin bulls are finding resistance at around the $6,800–$7000 resistance. The $6,800 is our first resistance level and though buyers stand a chance for higher highs now that prices are still trending inside Sep 27 high-volume high low, aggressive traders can benefit from the optimism.

Even if the market is consolidating in lower time frames, traders can initiate small BTC longs at spot prices with stops at $6,200. First targets are at $7,200—the main bull trigger line and the upper limit of our resistance zone.

On a more cautious approach, dips below $6,200 or attempts that hit our stops invalidates this projection and it’s highly likely that Sep 5 bears will jump in further pressing bulls.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: October 1, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000

Last week the price of Bitcoin was range bound. The cryptocurrency reached the high of $6,700 price level twice and was resisted. Price of Bitcoin has not been able to reach the highs of $7.400 and $ 8,000 because of its inability to break the $6,700 price level. More buyers are needed at this level to push price through. Today, the BTC price is trading at $6,619.31 as at the time of writing.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend. The Relative Strength Index period 14 is level 55 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The BTC price is falling and approaching the $6,600 price level. Price is in a bullish trend. The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Long Term Price Forecast: Sept 29, 2018

BTC/USD Long-term Trend: Bearish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000

The overall trend for the price of Bitcoin in the month of September is a bearish trend. Price of Bitcoin has a balance of $7,036.25 at the beginning of September 2018. As at the time of writing, the capital has gone down to $6,490.75. In other words, the digital currency lost 7.66% of its capital. On September 5, the bulls were overcome at the $7,400 price level. The digital currency fell to the low of $ 6,169.30. Since then the bulls have not been able to recover their losses. For the bulls to be in equilibrium with the bears they have to break the levels $6, 500, $6,700 and $7,400 price levels.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast September 28, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,600, $6,400, $6,200

Yesterday, September 27, the BTC price was in a bullish trend. A large candlestick has formed that broke through all the ranks of the price bars. The digital currency is approaching the $6,700 price level and it is facing resistance at that level. If price breaks that level then it has the $7,400 price level to contend with and overcome. At this moment the price of Bitcoin will gather momentum to reach the high of $8,500.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend. The Relative Strength Index period 14 is level 66 which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The BTC price tested the $6,700 price level and has broken it. Price is temporarily in a sideways trend. The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Daily Price Forecast: September 27, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,300, $6,100, $5,900

Yesterday, September 26, the BTC price was in a bullish trend. Price of Bitcoin now fluctuates above the $6,400 price level. This was the upper level of the previous price range of $6,200-$6,400. The bears had taken price to the low of $6,388.26 but price pullback above the upper level of price. The digital currency is approaching the $6,500 and may face resistance at the $6,700 price level.

On the other hand, if the price of Bitcoin falls into the previous range bound zone, the support zone of $5900-$6,075 will be revisited. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The BTC price tests the $6,400 price level and commences a bullish movement and then a range bound movement. The price is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Daily Price Forecast: September 26, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,300, $6,100, $5,900

Yesterday, September 25, the BTC price was in a bearish trend. The digital currency has been in a bearish trend in the last three days when it was resisted after attaining the high of $6,782.83. Yesterday, the price reached the upper level of the previous price range. The BTC price is ranging above the $6,400 price level. Today, if the $6,400 price level holds traders should initiate long trades in anticipation of a bullish trend.

On the other hand, if price breaks the upper level, it will fall into the previous range bound zone. This will result in the digital currency to attempt to resume its range bound movement. Probably the support zone will be revisited.Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The price of Bitcoin is fluctuating below and above the $6,400 price level. The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Daily Price Forecast: September 25, 2018

BTC/USD Medium-term Trend: Bearish

Resistance levels: $6,800,, $7,000, $7,200
Support levels: $6,300, $6,100, $5,900

Yesterday, price of Bitcoin was in a downward trend. The BTC price was resisted as a result of its inability to attain the $7,000 price level.The price of Bitcoin fell from the high of $6,832.47 and it is approaching the $6,400 price level.

Today, the cryptocurrency is falling and if it falls into the previous range bound zone, the digital currency will commence its range bound movement. There are indications that price may break the lower level of price range and reach the critical support zone.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 32 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Today, The BTC price is approaching the previous range bound zone of $6,200 -$6,400. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: September 24, 2018

The Bitcoin market is expectant. Though there were FOMO moments after Sep 21 spike, weekly gains are modest. Fact is, Bitcoin prices are up two percent in the last week. Though we retain a bullish forecast, our long term BTC price projection depends on last week’s bull confirmation. In line with our last Bitcoin price analysis, traders need a strong rally above the main resistance trend line at $7,200 to cement these bullish projections.

Bitcoin's Latest News

Weiss Rating is as an independent rating agency founded in 1971 with offices in the US. In recent days, they have been all over social media but they took center stage after their Ethereum shill. Ethereum, as we know, relies on the same blockchain technology pioneered by Bitcoin. However, Ethereum bring more functionality by allowing smart contracting via a Turing complete platform. Smart contracts enable asset tokenization which in turn supports ICOs and development of censor resistant dApps. Despite the superiority, Bitcoin is the most valuable coin. Regardless, Weiss projection saw its dominance shrinking and Ethereum replacing it in the next five years. According to Weiss, Bitcoin dominance will end up below 20 percent as ETH true value eclipses that of Bitcoin. It’s upbeat but like everything else, time will tell. At the moment, Bitcoin is a market leader and with many institutional investors willing to sink their money into this pioneering crypto, many are expectant of further upsides.

In other news, investors are following ICE’s developments closely. With Bakkt, investors will have a regulated and safe platform to trade, store and even spend their coins. But, Bakkt operations depends on regulatory approval and that will be decided in November 2018. Coincidentally, that’s less than one month before the SEC comes out clean about their stand on Bitcoin ETFs.

Bitcoin (BTC) Price Prediction

Bitcoin Price Analysis

Still, a modest three percent week over week gain didn’t see prices breaking out of the descending wedge even as the masses talk about a resurgent crypto market. What this means is that our previous Bitcoin price prediction is valid despite last week’s bull bar rejecting dips below $6,000—our main support trend line. As mentioned, our trading plan is clear. Bitcoin prices are bottoming up after shedding more than 75 percent from 2017 peaks. To reiterate, BTC buyers must build enough momentum to propel prices above $6,800–$7,200 resistance level for bulls to be valid.

Going forward, we suggest short term, low-time frame buys with first targets at $7,200. Thereafter, addition of more long positions depends on how bulls react at Sep 2018 highs.

Bitcoin Price Analysis

In the daily time frame, buy momentum is waning. Bitcoin prices are down two percent. A stand out though is the rejection of higher highs at the $6,800–$7,200 resistance level. From previous Bitcoin trade plans, a mini-surge triggering longs at $6,500 initiated short-term buys targeting $7,200. Needless to say, we maintain a bullish outlook. A retracement in days to come could present bull entry opportunities anywhere between $6,300 and $6,500 support. Depending on the depth of correction, fitting stops should be at $6,300 with first targets at $7,200—the upper limit of our resistance level.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: September 24, 2018

BTC/USD Medium-term Trend: Ranging

Resistance levels: $7,000,, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000

The BTCUSD pair was in a range bound movement in the previous week. The digital asset was fluctuating at the support zone of the lower price level. However, price pulled out of the support zone of the lower level of price range and reached the high of $6,800 price level where it was resisted on September 21.

Price was now ranging above the $6,600 price level. Today, the BTC price is falling and may test the previous low of $6,400. On the other hand, the price of Bitcoin may continue its range bound movement.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Long Term Price Forecast: Sept 22, 2018

BTC/USD Long-term Trend: Bearish

Resistance Levels: $6,900, $7,100, $7,300
Support levels: $6,600, $6,400, $6,200

The price of Bitcoin is currently in a bullish trend. In the first eight days of the month, the cryptocurrency was in a downward trend. The reason is that the price of Bitcoin reached the high of $7,402.14 and the price faced resistance at the $7,400 price level. As a result of that resistance, the price fell to the low of $6,112.76. However, from September 9 to September 17, the price of Bitcoin was range bound between the levels of $6,200 and $6,400. On September 18, the bulls took control of the Market and the upper level of price range was broken. Price is expected to reach the high of $8,000 and $8,500 if the resistance level at $7,400 is broken.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast: September 21, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,500, $6,300, $6,100

Yesterday, September 20, the price of Bitcoin was in a sideways trend. The price of Bitcoin was fluctuating below and above the $6,300 price level. Today, after its range bound movement the bulls have taken price to the high of $ 6,557.87. However, the BTC price retraced to a range bound movement and resumed its bullish movement.

The cryptocurrency is now making a series of higher highs and higher lows. Traders can buy low and sell high in a bullish trend. The price of Bitcoin is expected to reach the high of $7,400. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 74 which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The cryptocurrency after reaching the high of $ 6,534.60, the price retraced and went into a range bound movement. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: September 20, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,200, $6,000, $5,800

Yesterday, September 19, the price of Bitcoin was in a sideways trend. The BTC price has not been consistent in its movement. Price will be ranging and at other times, it will be bullish. Yesterday, the BTC price had a price spike. The price went down to the low of $6,093.29 and at the same time went up to the high of $6,526.81. The price of Bitcoin faced resistance at the $6,400 price level.

The cryptocurrency is now in a downward trend. Price of Bitcoin will continue with its range bound movement between the levels of $6,200 and $6,400. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The cryptocurrency was range bound at the price of $ 6,300.The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: September 19, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,200, $6,000, $5,800

Yesterday, September 18, the price of Bitcoin was in a bearish trend. The BTC price fell to the low of $6,211.45 and it was assumed that price would reach the critical support level of $6,000 which is the major support level. Rather, the BTC price commenced a bullish movement to the upper level of a price range.

Remember, the BTC price had been range bound between the levels of $6,400 and $6,200. If price breaks the resistance at $6,400, the cryptocurrency will proceed to the high of $7,400. However, if price fails to break the resistance level, then the BTC price will resume its range bound movement.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 45 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. Initially, the cryptocurrency was range bound at the price of $ 6,200.The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: September 18, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,300, $6,500, $6,700
Support levels: $6,100, $5,900, $5,700

Yesterday, September 17, the price of Bitcoin was in a sideways trend. The BTC price was in a sideways trend before the eventual fall to the critical support level. The BTC price fell to the low of $6,251.41 which is near the critical support level of $6,000 .

Today, the cryptocurrency is now back to the sideways trend zone. The buyers and sellers are undecided about where price will go. But since the price has reached the critical support level of $6,000, the price is expected to rise again. Traders can initiate long trades at the current market price and stop-loss orders be placed below the $6,000 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 33 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling The MACD line and the signal line are below the zero line which indicates a sell signal.


Bitcoin (BTC) Technical Analysis: September 17, 2018

Even with a bullish market preview, Bitcoin dominates 55 percent of the total market cap and considering the relationship between BTC and altcoin prices, this is negative for altcoins. Nonetheless, we expect Bitcoin prices to slowly inch towards $7,000 with positive analysis and flurry of favorable news backing this Bitcoin price prediction.

Latest Bitcoin News

While cynics have been working over-time churning statistics that cryptocurrencies and Bitcoin in general are nothing short of a “fad”, a passing cloud that will end up being the largest Ponzi scheme in history, they consistently turn a blind eye to review fiat as GBP, USD and those of the emerging markets. The cryptocurrency market is only a decade old but the technology behind it has been fascinating.

Like everything new, historical data shows that value often fluctuate like we have seen in Bitcoin prices. Since peaking late last year at $20,000, the subsequent dip did drive prices to the $6,000 mark representing a 67 percent clip in its valuation and market cap.

Nonetheless, it fairs well against the world’s oldest currency, GBP and a host of other emergent government back currencies as Lira, the Iranian Rial, Rupee and even the Kshs. Since inception 314 years ago, analyst show that the GBP has lost 99.5 percent of its value meaning that over time, people have found no reason to trust the government and their version of money.

Consequently, as paper money losses its allure, millennial are migrating towards Bitcoin and cryptocurrency. At this rate, adoption levels will continue to grow in line with Brad Garlinghouse and Charles Hoskinson projections and the catalyst in this case will be on-chain developments creating easy to use interfaces suitable for average users tired of holding mud as hyperinflation rage worldwide.

Bitcoin Price Prediction

Weekly Bitcoin Chart
Bitcoin Price Analysis
Weekly Bitcoin Price Chart

Technically, Bitcoin prices are moving inside a wedge in this time frame. The eight month resistance trend line is capping prices on the upside while the $5,800 and $6,000 floor is providing support against sellers keen on driving prices towards $4,500 a feat that will render mining unprofitable disillusioning miners in the process. At the moment, Bitcoin prices are up one percent but still trending inside the $1,500 range and within the wedge. From previous Bitcoin price analysis, the only time conservative traders are free to trigger longs is when prices edge above $7,000 or drop below $5,800. Before then, risk off traders can take advantage of the change in sentiment and take longs on every pullback in lower time frames.

Daily Bitcoin Chart
Bitcoin Price Analysis
Daily Bitcoin Price Chart

In the daily chart, Bitcoin prices did find support at the three month trend line and though risk off, low volume buys are valid, conservative traders should only enter this trade once prices edge above $7,000, our immediate resistance line or even Sep 5 highs at $7,500. The only spoiler for this bullish outlook is if there is a reversal towing with Sep 5 high volume events that drives prices back to $6,000.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: September 17, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,100, $5,900, $5,700

Last week the price of Bitcoin has been in a sideways trend. The BTC price fluctuates between the levels of $6,400 and $6,200.The BTC price reached the high of $6,520.51 and was repelled because of the selling pressure at the $6,400 price level. The price ranges more at the upper-level of price . Last week it was assumed that the bulls can overcome the upper level of price by introducing more buyers to push the price above the $6,400 price level.

Today, the price will continue its range at the support zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 55 which indicates that price is in a sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The MACD signals are all bullish. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Long Term Price Forecast: Sept 15, 2018

BTC/USD Long-term Trend: Ranging

Resistance Levels: $6,500, $6,800, $7,100
Support levels: $6,300, $6,000, $5,700

The BTCUSD pair is currently range bound. In the first fifteen days of this month, the BTC price has been depreciated by 7.7% of its capital. In the first four days with an opening balance of $7,036.25, the digital currency was bullish which resulted in $ 7,402.14. Then the BTC price was resisted and was bearish for another four days which made the digital currency to fall to the low of $6,112.76.The $6,000 price level has been the major support level of Bitcoin.

In the last six days of the fifteen days of this month, the price of Bitcoin has been range bound between the levels of $6,200 and $6,400. The price of Bitcoin is facing resistance at the price of $6,400. More buyers were needed to push the price above the $6,400 price level. Then the BTC price will attain the highs of $7,500 and $8,500 .

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 45 which indicates that price is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast: September 14, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,100, $5,900, $5,700

Yesterday, September 13, the price of Bitcoin was in a bullish trend. The BTC price reached the high of $6,520.51 and was repelled. The BTC price was repelled because of the selling pressure at the $6400 price level.

The bulls can overcome this level by introducing more buyers to push the price above the $6,400 price level. In addition, in a ranging or trending market we ought to buy low and sell high. As the digital currency was repelled, we ought to take a short trade and a stop loss above the $6,500 price level. We exit the short trade at the support zone.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 55 which indicates that price is in a sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a bullish trend. The MACD signals are all bullish. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: September 13, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,100, $5,900, $5,700

Yesterday, September 12, the price of Bitcoin was in a sideways trend. The cryptocurrency while in the sideways trend made a bullish movement to the resistance level. Today, the BTC price reached the high of $6,435.01. On September 8, the price of Bitcoin had been on this struggle to overcome that level. If the BTC price breaks the resistance at $6,400 price level, the digital asset is likely to reach the high of $7,400. If the price fails, the BTC price resume its range bound movement.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 61 which indicates that price is in a bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The MACD signals all bullish. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Daily Price Forecast: September 12, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,100, $5,900, $5,700

Yesterday, September 11, the price of Bitcoin was in a sideways trend. The price of the cryptocurrency has been fluctuating in a downward trend. The market seems to be quiet as there was a hardly significant price movement. The price has dropped from the $6318.54 to $6,251.11 to a range bound movement. The price of Bitcoin is facing resistance at the $6,400 price level.

Price of Bitcoin now fluctuates between the levels of $6,400 and $6,200.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 39 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The price of Bitcoin is ranging at the support zone as price falls from the $6,300 price level. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend.


Bitcoin (BTC) Daily Price Forecast: September 11, 2018

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,200, $6,000, $5,800

Yesterday, September 10, the price of Bitcoin was in a sideways trend. Yesterday, it was suggested that in a ranging or trending market, we ought to buy low and sell high. The bulls were able to hold the support zone and as a result, the support level at $6,000 was not broken. Today, the BTC price is fluctuating in the range bound zone. Our stop loss should be placed below the $6,000 price level in all our long trades against any breakout .

The BTC price is expected to rise after its consolidation at the support zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 45 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The price of Bitcoin is rising and coming out of the range bound movement. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.


Bitcoin (BTC) Technical Analysis: September 10, 2018

Most coins are down 90 percent from last year’s highs and risk printing lower prices should Bitcoin drop below the $6,000 threshold. According to Brian Stutland and Jim Luorio, miners are at break even at current prices. Should prices dip below $6,000, most would reconsider their business, draining hash power triggering a potential “hash flight” driving prices towards $3,000. In any case, $6,000 is important and how today close could possibly determine the short to medium trajectory of Bitcoin prices.

News Highlights

Despite criticism especially during the great Bitcoin and altcoin rally of Q4 2017, CoinBase continues to soldier on. It has since evolved into this major player in the crypto sector but still maintain an ambitious target. In a recent interview with TechCrunch Disrupt Conference, Brian Armstrong said the exchange had plans of being a New York Stock Exchange and major conduit for cryptocurrencies in a world that will be predominantly tokenized. In his own analysis, Brian projects that almost all high cap corporations, charities and even hedge funds would have their own coin or token and as such investors planning to invest in them must have a gate way to access these coins for fiat.

To meet this demand, CoinBase would be the go to platform and even a strategic partner. In order to achieve this target, human capital is necessary and news has it that they have since more than doubled their employees, open new offices to handle customer service and HR as well as providing tailor made services for institutional investors.

In other news, two veteran traders and contributors of CNBC Fast Money, Brian Stutland and Jim Luorio strongly believe that Bitcoin prices are bottoming out. Citing mining costs, these traders insist that any drop below $6,000 would lead to a hash power drain as most back out as they won’t be breaking even.

This is true and though electricity costs forms a huge chunk of operational costs aside from gear, different geographical locations have varying cost and so this won’t apply to mining nomads searching for cheaper electricity.

Bitcoin (BTC) Technical Analysis

Weekly Chart
Bitcoin (BTC) Technical Analysis
Bitcoin Weekly Chart by Trading View

As the pioneer and the most valuable coin, Bitcoin has some weight. In fact, last week’s sharp decline did pull down other cryptocurrencies demonstrating reliance of altcoins on influential Bitcoin. At the moment though, sellers are reigning supreme and following a 13 percent dip last week, odds are we might see further erosion this week.

However, that will depend on how prices react at $6,000 and whether there will be a high volume break out above the eight month resistance trend line making BTC mining profitable. Regardless, we retain a bearish stand and that position shall only change once there is a breach above $7,000 on the upside and $5,800 on the downside. After all, prices are trending near the apex of a wedge with strong supports at $6,000 meaning a break out is imminent.

In any case, Bitcoin is at a ledge and any dip below $6,000 could make worse the already bad situation as we might see a drop towards $3,000. On the reverse side, any resurgence may as well push BTC prices beyond $7,000 towards $12,000 before the end of the year.

Daily Chart

Bitcoin (BTC) Technical Analysis
Bitcoin Daily Chart by Trading View

Though bearish over the long run, Bitcoin prices are actually printing a higher high and consolidating within a minor $1,500 range with upper limits at $7,000 and supports at $5,800—this year’s low. Nonetheless, traders are overly bearish but candlestick specific pattern points of buyers streaming in as evident from yesterday.

Bitcoin closed the week on high, rejecting lower lows and in the process printing a double bar bull reversal pattern right at the $6,000 mark and the three month support trend line.

Considering how candlesticks are panning out, we suggest taking a neutral stand and exiting previous long trades. If today end up higher, traders should initiate small lot BTC longs with stops at $6,000 while a dip below $6,000 and $5,800 would trigger the next wave of sells targeting $3,000.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: September 10, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,200, $6,000, $5,800

Last week the price of Bitcoin was either in a bearish trend or in a range bound movement. On September 5, the bulls made an effort to break the resistance at $7,400 but were resisted and price fell to the low of $6450.89. On September 8, another bearish trend brought price to the low of $6,112,76.

The cryptocurrency fell to the low of $6,294.76 and commenced a range bound movement. After the range bound movement, the digital currency fell to the low of $6,112.76. The bears have reached the $6,000 price level which is the major support level of price. Traders are to initiate long trades in anticipation of a bullish trend.

Today the BTC price is in a bullish trend and price is expected to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is range bound. The price of Bitcoin made a bullish movement to the $6,300 price level and commenced a range bound movement. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.


Bitcoin (BTC) Long Term Price Forecast: Sept 8, 2018

BTC/USD Long-term Trend: Bearish

Resistance Levels: $6,500, $6,800, $7,100
Support levels: $6,300, $6,000, $5,700

The BTCUSD pair was in a bullish trend at the beginning of September 2018. The cryptocurrency was trading with a balance of $7,036.25. The bulls had made efforts to reach the $7,500 price level but were facing resistance around the $7,400 price level. On September 5, the bulls were resisted at the high of $7,377.67 which made the price to fall to the low of $6,294.76. In the first week of September, the price of Bitcoin has lost 10.50% of its capital. Presntly,price of Bitcoin has fallen to the previously bound zone.

In the meantime, the cryptocurrency will be fluctuating between the levels of $6,600 and $6,000. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 44 which indicates that price is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast: September 7, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,600, $6,800, $7,000
Support levels: $6,300, $6,100, $5,900

Yesterday, September 6, the BTC price was in a bearish trend. The cryptocurrency fell to the low of $6,294.76 and commenced a range bound movement. It appears the bearish pressure must have subsided and the $6,000 price level was presumed to be the critical support level of price. Traders should initiate long trades above and stop-loss orders below the $6,000 price level.

As soon as the positions become in profits they should place the stop-loss orders to their break even points. The BTC price is expected to rise.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 27 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is range bound. The price of Bitcoin is fluctuating below and above the $6,500 price level. The price of Bitcoin is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend.


Bitcoin (BTC) Daily Price Forecast: September 6, 2018

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,600, $6,800, $7,000
Support levels: $6,300, $6,100, $5,900

Yesterday, September 5, the price of Bitcoin was in a bearish trend. The BTC price was initially ranging above the price of $7,300 and attempting to break the $7446 price level so as to attain $8,000 price level. However, the bulls were resisted at a price of $7,378.47 before the advent of a bearish breakout. And the bears took price to the low of $6,892.41.

Today, the bearish pressure is continuing as the price is likely to revisit the $6,500 price level which is the next support level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 25 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend.


Bitcoin (BTC) Daily Price Forecast: September 5, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,400, $7,600, $7,800
Support levels: $7,900, $6,800, $6,900

Yesterday, September 4, the price of Bitcoin was in a bullish trend. The BTC price was ranging at a price of $7,200 for several hours. Presently, the price is ranging at a price of $7,300. The price is appreciating day by day, therefore a bullish trend line is drawn to show the support levels of price. If price retraces and tests the trend line, it is a signal to initiate a long trade.

On the other hand, if the price breaks the trend line and the candlestick is closed on the opposite of the trend line;this indicates that the trend is likely to change. Traders are to exit their opened positions. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 68 which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. And the price is making a series of higher highs and higher lows. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.


Bitcoin (BTC) Daily Price Forecast: September 4, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,400, $7,600, $7,800
Support levels: $7,900, $6,800, $6,900

Yesterday, September 3, the price of Bitcoin was in a bullish trend. Yesterday, the price has established itself above the $7,000 price level. Traders were advised to initiate long trades above the $7,000 price level. Then a stop loss order below the critical support level. Today, the price bar of Bitcoin is clearly above the exponential moving averages indicating that price is rising.

Also, the price of Bitcoin has been stable for the past two days.Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 62 which indicates that price is the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.



Bitcoin (BTC) Technical Analysis: September 3, 2018

Still the most dominant coin in the crypto world, Bitcoin is up eight percent in the last week and from the way technical and candlestick formations are set, we might see further gains towards $10,000 in the course of the week. If anything-and considering the strong buy momentum of last week which saw two levels of resistance broken, buyers might be on a path way towards recovery.

From the News

It is no secret that blockchain can be lauded the best technological innovation of the century. Besides opening up ways of moving value or tokenizing assets, power has been shifted to the masses away from centralized entities as banks and even communication giants as social media. It’s this shift that is proving “problematic” and giving cryptocurrencies as Bitcoin a bad name, a stain that called for stringent and even suffocating government interventions across the globe.

Admittedly, Bitcoin and similar services are convenient and cheap alternative but its global unregulated nature makes it a playing ground for criminal elements taking advantage of Bitcoin’s pseudonymous nature to breach the law. It’s along this vein that the Japanese National Police Agency will in the next fiscal year set a budget to install software that tracks flow of cryptocurrency transactions to better aid monitor cyber related crimes as money laundering, terrorist financing and outright theft. The latter could be the main trigger and at the face of devastating hacks that saw millions of dollars of investors’ fund stolen, it’s understandable why they are taking these steps.

At the same time, Colombia’s president plans to cut down taxes related to Bitcoin and other cryptocurrencies. In his opening speech at ANDICOM, Ivan Duque said he was “obsessed’ with technology saying that regulation of the country’s ICT industry is necessary.

Bitcoin Technical Analysis

Weekly Chart
Bitcoin (BTC) Technical Analysis
Bitcoin Weekly Chart by Trading View

On a bird eye view, Bitcoin prices are trading inside a descending wedge and from the chart it’s clear that the main support line at $6,000 is strong. Notice that is has been retested on three different occasions completing a triple bottom with buyers managing to reverse Aug 12 losses following last week’s high volume move above $6,800–$7,000 resistance zone.

If anything and seeing how strong buy momentum has been on the last three or four weeks, chances are we might see a follow through this week and should that be the case, bulls might end up breaching that resistance trend line for the first time in eight months.

That would be a milestone and probably usher the next wave of bulls aiming for $10,000 and $12,000.

Daily Chart
Bitcoin (BTC) Technical Analysis
Bitcoin Daily Chart by Trading View

Following events of last week, Bitcoin bulls did close above two levels of resistance at $7,000 and $7,200—week ending Aug 12 highs.

Solely because of this, Bitcoin is up eight percent in the last week though prices are leveling out in the last 24 hours.

All these translate to an increasing momentum and confirmation of previous bullish pointers of Aug 17 and 27. We suggest loading longs at current spot prices with stops at $7,000 and first targets at $10,000.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: September 3, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,400, $7,600, $7,800
Support levels: $7,900, $6,800, $6,900

Last week, the price of Bitcoin was in a bullish trend. In a minimized candlestick, the cryptocurrency is making a series of higher highs and higher lows. The price bars of Bitcoin are above the moving averages indicating the rise of Bitcoin. Price of Bitcoin had established itself above the $7,000 price level.

Today, the BTC price is in a bullish trend. Price is approaching the $7,500 price level. Traders may wish to initiate long trades above the $7,000 price level and a stop loss below the critical level of $7,000. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 59 which indicates that price is nearing the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend.


Bitcoin (BTC) Long Term Price Forecast: Sept 1, 2018

BTCUSD Long-term Trend: Bearish

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,900, $6,700, $6,500

On August 1, the BTCUSD pair was in a bearish trend with an opening balance of $7,690.03. The bearish trend had continued since the beginning of the month until when the price of Bitcoin reached its lowest level at a price of $5,861.94.Then the bulls pullback at a closing price of $6,061.22. The $6,000 price level became the critical level for the price of Bitcoin. Presently, the price of the cryptocurrency had been fluctuating below and above the $7,000 price level.

Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a price is in a bearish trend. Meanwhile, the Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.


Bitcoin (BTC) Daily Price Forecast: August 31, 2018

BTC/USD Medium-term Trend: Bearish

Resistance levels: $7,000,, $7,200, $7,400
Support levels: $6,800, $6,700, $6,600

Yesterday, August 30th, the price of Bitcoin was in a downward trend. The bulls were unable to hold on to price after breaking the $7,000 price level. However, on August 29, the BTC price fluctuates above and below the critical level. On August 30, the cryptocurrency fell to the low of $6,823.48. Today, the cryptocurrency is making a bullish movement and approaching the price at $7,000.

Today, the price is expected above the $7,000 price level.Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. Today, the price of Bitcoin is falling. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. The Relative Strength Index period 14 is level 55 which indicates that price is in a sideways trend zone.


Bitcoin (BTC) Daily Price Forecast: August 30, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,200, $7,400, $7,600
Support levels: $6,900, $6,800, $6,900

Yesterday, August 29th, the price of Bitcoin was in a bullish trend. The price of Bitcoin fluctuated above the $7,000 price level as the bulls consolidated price. The BTC price reached the high of $7,125.75 but later fell to the low of $6,916. This price fluctuation was corrected when the bulls brought price again above the $7,000 price level and commenced a range bound movement.

Today, the price of Bitcoin is in a sideways trend. Price of the cryptocurrency is fluctuating above the $7,000 price level. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 61 which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Bitcoin (BTC) Daily Price Forecast: August 29, 2018

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,200, $7,400, $7,600
Support levels: $6,900, $6,800, $6,700

Yesterday, August 28th, the price of Bitcoin was in a bullish trend. Price of Bitcoin was making a series of higher highs and higher lows. Price was approaching the $7,000 price level and at the end of the day, the bulls broke the resistance level at $7,000. It was suggested yesterday that if the bulls break the $7,000 price level, traders should hold on to their long position.

Today, the price of Bitcoin is now ranging above $7,000 price level. It is likely that the bulls are consolidating on the price above the $7,000 price level. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 74 which indicates that price is in a bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Bitcoin (BTC) Daily Price Forecast: August 28, 2018

BTC/USD Medium-term Trend: Bullish

Resistance levels: $7,000,, $7,200, $7,400
Support levels: $6,800, $6,600, $6,400

Yesterday, August 27th, the price of Bitcoin was in a sideways trend. Price was at the upper level of the range bound zone and approaching the $7,000 price level. Today, the price of Bitcoin is in a bullish trend and the bulls are at the point of breaking the $7,000 price level. Traders should be getting ready if price breaks the $7,000 price level, there is the tendency for price to progress further.

The open trades should be allowed to continue to run. On the other hand, If the bears resist the upward movement, traders should exit all their long trades. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 72 which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. Today, the price of Bitcoin is in a bullish trend. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Bitcoin (BTC) Technical Analysis: August 27, 2018

Time and time again, data has shown that Bitcoin prices are largely affected by sentiment and replication of this can be seen in BTC historical prices. Currently, it is likely that sentiment might affect prices—positively—and help prime further gains once there is a close above $7,000. All this is happening at the backdrop of Iran’s change on stand on matters crypto and Mt Gox’s setting an application window for individual Bitcoin victims.

News Highlights

On a more cautious note, Lazarus—the notorious North Korea hacking ring, is back–in stealth mode. With a new Trojan virus, AppleJeus, crypto currency traders -especially those with the most valuable coin-Bitcoin, should tread carefully on the web more so when downloading /updating trading-related apps.

According to a detailed report by Kaspersky Labs, Lazarus can now steal cryptocurrencies via infected crypto trading software notwithstanding the operating system of the infected computer. AppleJeus can run on both windows and Mac iOS unsettling those who had previously thought iOS operating systems are immune to Windows based attacks. Infection and consequent installation of a Trojan virus—FallChill, gifts the hacker with complete remote access of the computer and your Bitcoins in that case.

Finally the curtain is closing for Mt Gox Exchange hack victims where billions worth of Bitcoins were stolen. In an adamant move by Japanese regulators-fast tracked mainly by the Civil Rehabilitation officials, and executed according to applicable Japanese laws and ordinances, individuals-regardless of geographic location-can apply for compensation as spelled out by the Exchange’s press release.

Claimants only have to prove ownership of coins by filling Mt Gox’s proofs of Exchange-Related Rehabilitation Claim form through an Online System built specifically for this purpose or by post. All these applications must reach the Civil Rehabilitation Trustee who is also in charge of distributions by Oct 22, 2018.

Technical Analysis

Weekly Chart
Bitcoin (BTC) Technical Analysis
Click here to see the full Bitcoin Weekly Chart by Trading View

Back to price action and Bitcoin is the only coin in the top ten to register market boosting gains. Week over week, the coin is up five percent but still confined by week ending Aug 12 high lows.

As mentioned in our last Bitcoin (BTC) trading plan, our short term bull triggers are placed at $6,800 and $7,000 on the upper end but conservatives are advised to wait for a complete reversal of Aug 12 losses meaning trade activation shall happen when there are conclusive juts above $7,200.

For now, candlestick arrangement demands patience though we are technically in a bear trend advised from an effort versus result point of view. We can clearly see that in the weekly chart—prices are still trending inside week ending Aug 12 high lows for the second straight week in the process hinting of strong sell pressure despite the general market optimism.

Daily Chart
Bitcoin (BTC) Technical Analysis
Click here to see the full Bitcoin Daily Chart by Trading View

Though yesterday’s candlestick didn’t register spectacular gains, candlestick specific attributes hints of rejection of lower lows. That long lower wick is a signal of high bull pressure on lower time frame and while prices are edging closer to the lower limit of our official buy zone, today might be definitive of short term trends.

If in any way prices edges and closes above $7,000 then from tomorrow we recommend longs on pull backs with first targets at July’s highs at $8,500.

On the flip side, any resistance at $7,000 where high volumes accompany lower lows then sellers can take shorts and ride with the official head and shoulder bear reversal pattern. First targets would be at $5,800.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: August 27, 2018

BTC/USD Medium-term Trend: Ranging

Resistance levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Last week the price of Bitcoin was in a sideways trend. The cryptocurrency was ranging between the resistance level at $6,600 and the support level at $6,000. On August 22nd, the bulls broke the resistance level at a price of $6,880.72 but could not sustain a hold on price at the upper level of price. The price fell to the low of $6,303.65 and resumed its range bound movement.

Today, the BTC price is still ranging and the market is quiet. The market is horizontally flat. Price of Bitcoin is presently approaching the resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 56 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The BTC price is horizontally flat. The price of Bitcoin is above 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal.


Bitcoin (BTC) Long-Term Price Forecast: August 25, 2018

BTC/USD Long-term Trend: Ranging

Supply Zone: $7,000, $7,200, $7,400
Demand Zone: $,6,400, $6,200, $6,000

On August 14, the BTCUSD pair reached its low at the $6,000 price level after a bearish trend. Thereafter, the price of Bitcoin entered a sideways trend. Presently, the BTC price is ranging between the levels of $6,600 and $6,000. The bulls had made several attempts to break the resistance at $6,600 without success. Price is currently approaching the resistance at $6,600 so as to break the level and probably reach the highs of $7,000 and $7,500. On the other hand, if price fails to break the level, traders should initiate short trades at the resistance level. Your stop loss should be above the $6,600 price level.

If the cryptocurrency falls back to the range bound zone, traders will make partial profits. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal for the price of Bitcoin. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicate that Bitcoin price is falling. Nevertheless, the Relative Strength Index period 14 is level 45 which indicates that the price of Bitcoin is in the range bound zone.


Bitcoin (BTC) Daily Price Forecast: August 24, 2018

BTC/USD Medium-term Trend: Ranging

Resistance levels: $6,600, $6,700, $6,800
Support levels: $6,400, $6,300, $6,200

Yesterday, August 23, the price of Bitcoin was in a sideways trend. The BTC price has found itself in the range-bound levels of $6,600 and $6,000. This was as a result of its fall from the high of $6,880.72 to the low of $6,303.65. Since the last bearish move the market has been quiet. Yesterday, the BTC price closed at a price of $6,413.93. Today, the BTC price is still in a sideways trend.

It is currently trading at a price of $6,501.04 as at the time of writing. The BTC price will continue its fluctuations between the range bound levels in a couple of days to come. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The BTC price is horizontal. The price of Bitcoin is above 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.


Bitcoin (BTC) Daily Price Forecast: August 23, 2018

BTC/USD Medium-term Trend: Ranging

Resistance levels: $6,500, $6,600, $6,700
Support levels: $6,300, $6,200, $6,100

Yesterday, August 22, the price of Bitcoin was in a sideways trend. The BTC price fell while in a sideways trend. The cryptocurrency fell to its previous range-bound levels of $6,600 and $ 6,000. Yesterday, the BTC price reached the high of $6,880.72 and price pullback to the low of $6,303.65. Today, the BTC price is now in range bound movement.

It is assumed that the cryptocurrency will cross over the hurdle at the price of $6,600. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. While in a sideways trend, the price of Bitcoin fell to the low of $6,323.93. After it has fallen, the cryptocurrency resumed its range-bound movement.


Bitcoin (BTC) Daily Price Forecast: August 22, 2018

BTC/USD Medium-term Trend: Bullish

Resistance levels: $6,800, $6,900, $7,000
Support levels: $6,600, $6,500, $6,400

Yesterday, August 21, the price of Bitcoin was in a sideways trend. Today, the BTC price reached the high of $6,880.72 but later settled at a price of $6,708.71 as at the time of writing. The price bar of the cryptocurrency is expected to rise.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 66 which indicates that price is in the bullish trend zone. This is the first time price will reach the bullish trend zone. Today, the price is expected to rise and if possible reach the $7,500 price level.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The price bar of Bitcoin is now above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. This is an indication that price will rise. Presently , the cryptocurrency is above and out of the range bound zone.


Bitcoin (BTC) Daily Price Forecast: August 21, 2018

BTC/USD Medium-term Trend: Ranging

Resistance levels: $6,300, $6,400, $6,500
Support levels: $6,100, $6,000, $5,900

Yesterday, August 20, the price of Bitcoin was in a sideways trend. In the sideways trend, the cryptocurrency was fluctuating between the levels of $6,000 and $6,600. The price of Bitcoin had remained in this range since August 8. Today, the price of Bitcoin is in a bearish trend approaching the $6,000 price level. If the BTC price reaches the support level and rebounds, a long trade should be initiated and a stop-loss order is placed below the $6,000 price level. On the other hand, if price breaks the $6,000 price level, the bearish breakout is likely to be powerful.

Ensure that the stop loss order is below the $6,000 price level which will take care of the bearish breakout. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 42 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The BTC price fell to the low of $6,223.14 and the price of Bitcoin is rising. This is the time to initiate long trades because the cryptocurrency is likely to return to the resistance level of price. Nevertheless, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.


Bitcoin (BTC) Technical Analysis: August 20, 2018

On a weekly basis, Bitcoin prices are up one percent and in the weekly chart prices are moving inside a descending triangle with limits at $6,800 on the upside and $5,800 on the downside. On top of this, prices are consolidating in the daily chart within Aug 10 high lows. Either way, bears on in the forefront and unless otherwise there are surges below $5,800 last week’s price action might provide the necessary impetus to push prices above $7,000.

Bitcoin (BTC) News Highlights

According to Lou Kerner, the founder of CryptoOracle, a VC that invests in crypto startups, Bitcoin is functionally superior that Gold and is in fact a better store of value. This is not the first time such claims have surfaced in the crypto world.

The Bitcoin core team has been lambasted from deviating from the real purpose of Bitcoin being a medium of exchange and in their effort of turning the most valuable coin into a store of value, opinion is divided. In his own view, Kerner says investors would over the long term shift their investment and store of value from Gold to the flagship digital asset.

Furthermore, Kerner believes that the volatility we are currently seeing is common with new assets because it is still hard to price the asset and goes on to compare the growth of Amazon to Bitcoin which in its early stage was considered a bubble not worthy of investment.

Unexpectedly, Andreas M. Antonopoulos, the famous Bitcoin advocate is against the idea of Bitcoin EFT. The subject of Bitcoin ETFs is a thrilling prospect for many Bitcoin investors who believe that should the SEC give the approving nod, millions of dollars will officially sink into Bitcoin and altcoins.

However, in his view, Andreas thinks the idea is “terrible” and damaging to the whole ecosystem since the global nature of the market will undoubtedly open doors for market maker price manipulation. On top of that, investors wouldn’t enjoy any “responsibilities and rights” associated with owning the coin since they can at anytime invest in any Bitcoin related instrument without owning Bitcoins through custodians.

Technical Analysis

Weekly Chart
Bitcoin (BTC) Technical Analysis
Click here to see the full Bitcoin Weekly Chart by Trading View

Regardless of recent buoying price action, buyers are yet to be convincingly in charge despite the one percent gain week over week gain. In our charts, we notice that prices are moving inside a descending triangle with main support zone in between June and August lows at $5,800 and $6,000 on the downside.

On the upside, we have that resistance trend line connecting recent highs at $7,000 capping gains acting as our main resistance trend line. So, as clear from the chart, we shall retain a neutral to bearish stand cognizant of the fact that sellers could resume their eight-month trend should they build up enough momentum and clear our main support zone on the downside.

Daily Chart
Bitcoin (BTC) Technical Analysis
Click here to see the full Bitcoin Daily Chart by Trading View

At current spot rates, Bitcoin prices are oscillating within Aug 17 high lows and most importantly within Aug 13 inverted hammer. In any case, we need strong signals before initiating longs or shorts as mentioned above.

What traders need is a break off from this consolidation following Aug 10 depreciation and while we suggest being neutral until key triggers are hit, it’s obvious that odds are stacked against buyers.

Author: Dalmas N


Bitcoin (BTC) Daily Price Forecast: August 20, 2018

BTC/USD Medium-term Trend: Ranging

Resistance levels: $6,500, $6,600, $6,700
Support levels: $6,300, $6,200, $6,100

Last week the price of Bitcoin had been in a sideways trend. The BTC price had been fluctuating between the levels of $6,333.72 and $6,518.42. The cryptocurrency had been in a sideways trend because it had not been able to break the $7,000 price level. For instance, the bulls reached the highs $6,533.80, $6,632.69, $6607,62 and $6,562.01 in the last one week but couldn't break through the reach the highs of $7,000 and $8,000.

Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. Also, the price of Bitcoin is at par with the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The BTC price is currently retracing from the recent high of $6,522.01. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicate that a bullish trend is ongoing.


Bitcoin (BTC) Long-Term Price Forecast: August 18, 2018

BTC/USD Long-term Trend: Bearish

Supply Zone: $6,600, $6,700, $6,800
Demand Zone: $,6,500, $6,400, $6,300

The overall trend of Bitcoin is bearish. The price of Bitcoin had an opening balance of $7,690.03 in the month of August. The BTC price was in a bearish trend and price fell to the low of $6,061.22. This is about 21% price decrease in the month of August. The $6,061.22 price level was the critical support level for the price of Bitcoin. The bulls defended this level so that price of Bitcoin will not become weaker. The BTC price is currently trading at a price of $6,539.49 as at the time of writing.