Hi Guys, we passed the critical point. Our previous ‘Bitcoin Price Prediction’ has worked well and BTC has risen by $8,900 in a week (Click here to see previous prediction). The expected halving situation may directly affect BTC price to rise because the award with BTC-mining will decrease from 12.5 BTC/ block to 6,25 BTC/ block. However, for short-term investment we should not consider that issue as we still have time for the halving (Click here to see the remained time and some stats).
Interpretation: In daily chart, the channel between purple lines that BTC moves up and down was broken to rise in a week as we predicted. So, it is a good signal. In addition, longer-term trend with green line still continues. Short-term moving average is still higher than long-term moving average (another good signal). Also, the BTC price is higher than 100-day moving average. RSI is keeping rise trend.
Prediction: There is rising trend in RSI and short-term moving average is still higher than long term moving average. So, it is a rising price signal for short term. It can rise up to $9,500 potentially. After that rise, we expect to see some fall for arrangement. The supports for that rise trend are $8,300, $8,000 and $7,200 (for longer trend).
THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.