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.

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.

After logging in your activated account, it is time to deposit funds on your account in order to buy and sell any cryptocurrencies.

There are 2 options for that:

Buy with a Credit Card

Binance allows their users to buy Bitcoin (BTC), Ethereum (ETC) and Litecoin (LTC) with Visa and MasterCard credit card. To do that;

  1. Navigate ‘Wallet’ tab
  2. Select ‘Buy Crypto’.

When completing that, you will need to confirm your e-mail address and your identity for your billing information.

To confirm your identity, a valid government issued from of ID is required. Once completing all steps, your purchased cryptocurrency will reach your wallet in 10-30 minutes.

Deposit from Seperate Wallet

If you already have a separate cryptocurrency wallet, Binance allows you to make a deposit by it. To do that;

  1. Navigate to the ‘Funds’ tab and click ‘Balances’,
  2. You will see all available cryptocurrencies which are open to trade on Binance,
  3. In order to deposit your cryptocurrency in your separate wallet, find the same cryptocurrency in the list and Click ‘Deposit’ button,
  4. You can either scan your cryptocurrency wallet QR core or copy your Binance wallet address to withdraw from your separate address.
  5. Once you send the cryptocurrency from your separate wallet to Binance wallet, wait for the transaction to process, then you will be ready to trade.

Click here to know how to place an order on Binance.

Binance exchange, founded in China in 2017, is known as a world-wide cryptocurrency exchange platform which provides trading of more than 100 cryptocurrencies. It has gained investor’s trust and quickly became the biggest exchange platform in terms of trading volume.

Exchange Safety

Binance considers itself as a safe exchange cryptocurrency platform since the users have 2FA (Two Factor Authentication), which makes the accounts very difficult for hackers to steal information. Moreover, a unique anti-pushing code can differentiate between fake and genuine e-mails. Withdrawal requests are processed after the users confirm it via their e-mails.

Trading Fees

Binance deals with only crypto-based digital assets such as Bitcoin (BTC), Etherium (ETH), altcoins or ICO tokens. You, as a user, do not need to verify your account to trade cryptocurrecies. However, unverified accounts will have a limit on the withdrawal of 2 Bitcoin (BTC) for 24 hours. The exchange fee to trade is 0.1% but holding Binance Coin (BNB) gives further discounts.

Binance exchange trading fees by TheCryptoHunter
Binance exchange trading fees by TheCryptoHunter
Binance Coin (BNB)

Exchange has released its cryptocurrency a while ago with starting price of a $0.30. The price of a BNB token went over $35 in 2018 when market treats bullish trend on other crypocurrencies including bitcoin.

Click to know how to register on Binance.