bitcoin price prediction bullish

As cryptocurrency becomes more stable in market price, bitcoin price prediction ends up being logical. Here is this post I would like to share my opinion on BTC/USD change for couple of months. I will keep this as short as I can to let you read more from graphs.

First of all, lets take a look at the first figure and see the whole picture. After the highest pick in 2017, bitcoin faced a huge drop and came down to $3800. It is obvious that this drop resulted from a drop in demand…

Another thing I want to point out is two areas in black circles. The first one occurred when big holders (or whales/exchanges/wallets) sold out their HODLs to grab btc at lower prices, very clever. This will always inevitable if exchanges keep big part of bitcoins… Sorry! Then a price increase happened as price drop brought more attention on news (This is what “they” wanted by the way). The second circle is due scary scenarios caused by CORONA-19, as you can guess.

My prediction starts right after this bull-run. After bitcoin priced reach about $12.500 it created its resistance to come down slowly again. During a long term bear market move it created mini-bull runs.

I will simply make two predictions. First one is in long term and rough estimation on first figure. Second one is going to be on Figure 2. et me start by saying that I have created 2 borders (Top and Bottom) with green lines. These two lines will of course represent my prediction’s constrains. Price after touching top will decrease or touching down will increase eventually. I come up with this prediction by creating a guess in price drop with red line by the end of price graph. Even though there was no CORONA-19 pandemic, bitcoin would face bear market anyway. Where the red line meets market price, I interpreted it to be a start of a bull run.

bitcoin price prediction

My second prediction will have more residual moves and cover little more detail on graph. Again I have drawn 2 green line to define Top and Bottom border. I have also located deeps with black arrows on RSI graph, investing.com

Each one of these deeps (black arrows) represent a buy alert for investors&traders. As a result, it is possible for bitcoin to gain value on market and you can see upward moves on graph. I have indicated my bitcoin price prediction by drawing a solid red line. It is somewhere gets dashed in order shown possible move after touching Top resistance point.

bitcoin price prediction

In summary, bitcoin price based on my interpretation will continue undulations around $8.000 and gain power to hit back to $10.000 or even $11.000 in case. After touch to top, it will come back to $8.000 and a while later gain value as bitcoin halving news create attention.

Finally, I have shared my thoughts with this awesome community. I am always open to any ideas. If you are new to cryptocurrency and want to buy some click here.

Visit here for more.

Sincerely

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.

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.

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.

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.

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.

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.

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.