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According to our previous Bitcoin Price Prediction, we have predicted three support areas (click here to see previous prediction). During a week, the price kept going down by our first support area then slightly rose. So, ones who waited the price to fall have won. It seems to us that Halving situation does not allow the price to fall deeply (click here to see the countdown). Economical and stock market problems in the world (especially in the USA recently) may lead people to look for a safe investment. Limited moneys such as Bitcoin, Gold and Silver are the most important ones for that. This is because gold and silver have always been money for thousands of years and Bitcoin is a new decentralized concept for money and no one can manipulate it. After those small information, let’s start our Weekly Bitcoin Price Prediction.

Interpretation: The price is almost at the first support area as we drew last week. Short term moving average (blue line) is below long term moving average (red line). Moreover, the price is above 100-day moving average (purple line). RSI started to rise slightly during a week.

Bitcoin Price Prediction: The short term-long term moving average situation states that the price will keep falling. 100-day moving average line is a good support point for the fall. If the price turns into a start channel, we may possibly see a cup handle formation (orange and purple arches).

As long as the stock market goes down in the world, it is possible to see that invest in Bitcoin rises and cup handle formation may possible be formed in 2-3 weeks. In case of fall, 100-day moving average line is a good stop-loss point. Below 100-day moving average, unwanted huge falls can be possible.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

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Bitcoin started to fall as we predicted last week (click here to see previous prediction). The rising channel had been broken down last week already. Therefore, the price kept falling up to $8,800 for now. In our opinion, that fall is normal because people who bought Bitcoin earlier started to take their profit. The good news and what makes Bitcoin still trustworthy is that no political issue or epidemic (corona virus) can affect the price directly. So, this fall is not related to falls in the stock markets recently. Halving situation seems like a reason to rise for middle-term investors (click here to see the countdown). Let’s start our Weekly Bitcoin Price Prediction (27/02/2020) to see what is waiting for us.

Interpretation: As we stated before, we are not in the rising channel anymore (turquoise line). In addition to that, short-term moving average (blue line) is below long-term moving average (red line). RSI is also falling with the falling price.

Weekly Bitcoin Price Prediction: The purple, green and orange boxes show where the price felt before and started to rise later. So, our opinion is that the price may fall by those prices again and then start to rise. Because of that, the price in those orange, purple and green boxes are support values.

For ones who want to buy Bitcoin, it is a smart idea to wait until RSI falls by the red box. When the RSI is in the red box, the price trend may possibly change from falling to rising trend.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

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Bitcoin price started to fall as we have predicted (click here to see our previous prediction). There is no exact reason for that fall. In our opinion, Bitcoin has risen enough for a while and we may start to see some falls because people want to get their profit. If you put our stop-loss point, that fall did not affect you badly. Halving is still on so rising in the price is a normal position for middle term investment (click here to see the countdown). However, we must know that the halving situation will not affect altcoins directly. So let’s start our Weekly Bitcoin Price Prediction (20/02/2020).

Interpretation: Unfortunately, we are not in the rising channel trend anymore for 2 days (turquoise lines). As we predicted last time, the price has risen up to the purple line then started to fall not breaking the resistance to go up. However, short term moving average (blue line) is still above long term moving average (red line). In addition, RSI decreased breaking its rising trend to fall as well (orange line).

Prediction: Short term moving average (blue line) is still above long term moving average (red line). It means that we are still in rising trend. However, the price is not in the rising trend channel anymore. Therefore, it is smart to wait until the price goes up to the rising channel. In our opinion, the blue rectangular is a good support point as the price has risen to that value and started to rise a couple of times (blue rectangulars).

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

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So far, we have been doing very good job for Weekly Bitcoin Price Prediction (click here to see our previous predictions). Obviously, the beginning of 2020 has been profitable for all crypto investors and most of them has earned 30% profit at least. Good thing is that not only Bitcoin but also most of Altcoins increases. Halving situation is still running the market for Bitcoin and price is going up (click here to see the countdown), which effects Altcoins positively as well. However, that rise without good support points may lead to huge falls for Altcoins. Therefore, the investors must always consider a stop-loss value. Then, Let’s start with Weekly Bitcoin Price Prediction (13/02/2020).

Interpretation: The price is still in the rising channel (turquoise lines) and Short term moving average (blue line) is still above Long term moving average (red line). In addition to those, RSI has finally passed 70 and started to form a rising triangle (orange line).

Prediction: The price is at the top of the rising channel (turquoise line) so we may see some falls for 1-2 days if it cannot exceed the channel. However, Short term vs long term moving average situation directly shows a rising trend for longer than 1-2 days. RSI is above 70 and still in the rising trend, which also shows overall rise in price.

As a result, all indicator states a rise so far. However, as you can see from the purple rectangular the price has tried to pass about $10,700-10,800 and failed a couple of times. So, we can consider that as a mighty resistance to pass. In our opinion, BTC will reach that value in this week and then decide where to go. In case of falling, $9,700 is a good stop-loss point according to the rising channel trend.

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Our previous Weekly Bitcoin Price Prediction has worked and the price has risen with small falls (click here to see our last week prediction). We can shortly say that the halving event effect is still on and it seems it will continue for a while (click here to see the countdown). So let’s see what we are going to expect for Weekly Bitcoin Price Prediction (06/02/2020).

btc price prediction for 06/02/2020

Interpretation: Rising trend continues with small falls and rises (blue line). In addition, Short term moving average (blue line) has been above Long term moving average (red line) for a while. RSI also keeps its rising trend (orange line) but it seems there is a mighty resistance at 70 because RSI has been trying to exceed that point four times and failed (green line).

Prediction: Our inference from the interpretation above is that the BTC price will keep rising for a while if it exceeds 70 of RSI. So, we must always check RSI rising trend. Following this channel the price can rise by $10,300 and fall by $9,300 (as stop-loss point).

Worse case scenario is that the BTC price has tried to exceed current value before and failed with huge fall (purple square). So, we must also consider this scenario and $9,300 would be a good stop-loss price for precaution.

Our Weekly Bitcoin Price Prediction (06/02/2020) considers those 2 scenarios for next week. Although Rising price trend with rising RSI trend is a good scenario, we should always know that no price rises forever.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

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Hi guys, our last Weekly Bitcoin Price Prediction has worked well again and again (click here to see last week predicton). Since last week BTC has fallen by $8,300, then risen by $9,500 and now it is about $9,300. Even our RSI prediction worked very well and it has touched the rising trend line and went up again. We can still consider this rise thanks to halving event on May (Click here to see the countdown). So, let’s start to our Weekly Bitcoin Price Prediction (31/01/2020).

Interpretation: The price keep being above falling-trend channel showed with purple lines and Short term moving average (blue line) is still above long term moving average (red line). Moreover, 100-day moving average (green line) exceeded the top purple line finally and RSI is still keeping its rising trend.

Prediction: As long as Short-Term Moving Average is above Long-Term Moving Average and we are above the falling channel, everything is fine. The current price is at resistance point for now. If it is exceeded by $10,000, we can talk about $10,600 price for short-term and $12,000 for mid-term investment . However, small falls are still possible as we are at resistance point now. Support prices would be $8,900, $8,700 and $8,000. To sum up, BTC price will keep rising with short falls if it exceeds, $10,000. However, $8,700 seems like a good stop-loss point for short-term investment.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

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Hi guys, our last Bitcoin Price Prediction has worked well again (click here to see last week predicton). Since last week BTC has risen and then fell by $8,500. As long as we have halving situation on May, rising trend is supposed to continue as well as some short-term fall for arrangement.

Interpretation: As you can see from the price chart, we are still above falling-trend channel showed with purple lines. Short term moving average (blue line) is still above long term moving average (red line). However, the blue line has just changed its trend from rising to falling. In addition, 100-day moving average (green line) has just touched the top of the falling-trend channel line. RSI is in rising trend (orange line).

Prediction: Although short-term moving average is still above long-term moving average, it has been starting to go down for 3 days. So we might see a falling trend for a few days . For this fall, $8,100 is a good support because both 100-day moving average and top of falling-trend channel are at that value. So, it is a good support point. However, we do not expect that much fall unless there is a bad unexpected situation leading to fall. As long as we are not in the falling channel, the trend is always positive to rise. If short-term and long-term moving average intersect, it is possible to see a falling stage trend. As a result, what we think is that the price will fall until RSI touches to the rising trend line (orange line) and then the price start to rise again.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

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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).

BTC price predicton for 16/01/2020

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.

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This is second week of new year. So, it is time to have a new Weekly Bitcoin Price Prediction for 01/09/2020 (Click here to see our previous prediction). Today what I am going to do is I will make a prediction for mid-term as it seems bitcoin is at decision-making point now in daily chart. Then let’s start.

Bitcoin price prediction
Bitcoin price prediction
Interpretation

In case of the war between USA and Iran, BTC (also oil, gold and silver) started to rise for a while and then turned into normal trend. The purple lines represent up and down trends and as you can see now the price is at the decision-making point to go up or go down.

In the first figure, it seems there is an Inverse Head-Shoulders situation, also short-term moving average (black line) is lower than long term moving average (red line). Moving average for 100-days (thick blue line) is almost at the bitcoin price now with rising trend of RSI (at the bottom) at So, now we are at very critical point.

In the second figure, it seems bollinger band got narrowed and the price started to rise up to top trend line for now. So, again we are at very critical point.

Bitcoin price Prediction

Firstly, I would like to remind that this prediction is for mid-term. According to the first chart, Inverse Head-Shoulders formation definitely offers a rise for the price. Moreover, the relation between short term and long term moving average supports that idea. As you can see from the first figure that whenever short-term moving average is higher than long-term moving average, the price goes up.

Moving-Average for 100-days is a good resistance and support point for price trend and here we are at the resistance of the current channel and support of the new upper channel.

In the second figure, narrowed bollinger band states that the price will change sharply and it has started to go up for now.

As a result, according to those indicators, if the price exceeds the top purple line (about $8000) and stays there for 2-3 days, we can expect the price may see $8,300-9,000 firstly. However, stop-loss for about $7,500 must also be considered in case of bull-trap.

Weekly Bitcoin Price Prediction 01/09/2020

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

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Hi guys, this is our first BTC prediction time for this year, weekly Bitcoin price prediction. We are going to use our experience and technical analysis methods to predict bitcoin price in short and long terms.

bitcoin price prediction daily bitcoin trading cryptocurrency
trading bitcoin daily

Interpretation: Here, you see 3O-minute price graphic of BTC price change. Short time ago, bollinger band shrinked then the price went down sharply (1). Moreover, RSI went down up to below 30. That situation can be considered as a good signal to buy BTC. In time, although RSI showed going up trend (4), the price had going down trend (3) (Positive Divergence). Simultaneously, bollinger band became shrinked (2). As a result, Positive Divergence worked very well and the price and RSI went up immediately. The price became at the top of its normal trend price interval (5).

Price Prediction: The price is out of bollinger band at the top. So, the price is supposed to decrease by $7,200 something. Moving Average indicator for 100 days is a good signal to see resistance and support well in a graphic and RSI is above 70 (6). So, here we can be inferred from the RSI that the price is high enough and will decrease with decreasing RSI. Also, 100-day-Moving-Average states that 7,152$ is a good support for this trend if it goes down (7). If the price went down below that, stop-loss should be considered. Weekly Bitcoin Price Prediction.

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THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.