Bitcoin Price Analysis For Long Term
Inverse Head & Shoulders Pattern are forming, if it continue then it is a bullish signal,
Then price wlii touch near the ATH,
Reach the 17K $ .
Closely watching Bitcoin in 15 Min chart to see how it breaks the pattern bearish or bullish.
My expectation is it will be bullish break out, what are your expectations guys? Comment below.
In 4H chart Bitcoin is following currently a falling wedge pattern.
The yellow line is the major support line, I hope it wont break that and it would retrace and start an uptrend soon. Fingers crossed though!
Reasons for BTC downtrend could be?
1. Chinese NEW Year
2. Facebook banning all the ICOs and Bitcoin ads (Though it wont have larger impact but it is...
Please find the updated chart analysis of Bitcoin, I am still bearish on bitcoin until the CME futures expiry on 26th Jan.
Lets see how BTC wants to break out bullish or bearish.
But considering the Total Market Cap and Bitcoin dominance I dont see any huge volume for Bitcoin to be bullish.
PS: I am not your financial advisor and these analysis is only for...
Though Bitcoin broke out in 15 Min chart its not a strong break out!
Should wait and see how it behaves, as CME contract expires on 26th many are expecting bitcoin to be bearish.
BTCUSD -2.74% is giving a breakout and a major move is waiting for it....
Bitcoin -2.74% can fly this year too and can be 3 times from here..
Cmp of BTCUSD -2.74% is @ 16700 and signalling a big move in the near future..
Near targets for it at its resistances are 18900/19900/21000.
Above that a open sky to the near target 28000 and then 36000 this year....
Believe...
Today Bitcoin is ready to break the so awaited round number - $15,000 level. It’s trading around $14,950, and the breakout looks like just the matter of few hours.
And there is no way, the crypto currency is going to retrace in the nearest future, as the two key events are looming. First, CBOE will be offering Bitcoin futures starting from December, 10.
...
Bitcoin is forming higher high and higher low formation.
Price make a up move from fib levels @ 50% or 61.8%
It's a good opportunity to long on Bitcoin.
