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

Bitcoin vs ethereum is the question from those who would like to know the differences to invest in better. Here we will list goods and bad for bitcoin and ethereum cryptocurrency. We will also talk about which one to invest regarding to their nature.

bitcoin vs ethereum
Bitcoin

Bitcoin is a cryptocurrency that was announced by a anonymous software developer or group named themselves as Satoshi Nakamoto. The token bitcoin was used to reward networks provider, miners, as the value of transferred information. Bitcoin is also called Money 2.0 as an alternative to fiat currencies. The idea behind bitcoin to be secure, anonymous, reliable, open source, and more importantly decentralized unlike current banking system. As the leader of cryptocurrency world, it has a limited number of coin ever to be available, 21.000.000 btc. And its major attraction is mass adoption and security of blockchain that is supplied by miner around the world. Bitcoin uses SHA-256 algorithm for its blockchain. On October 2011, bitcoin was forked for the first time to create Litecoin. Then, on August 1, 2017, bitcoin forks again to form Bitcoin Cash, BCH.

Bitcoin has introduced a digital era of payment and named itself as the store of value that can be moved to anywhere without any other 3rd party involvement. It is most supported cryptocurrency and any wallet comes out will have bitcoin transaction support even before their own token.

Ethereum

Ethereum defines itself as the foundation for a new era of the internet. And it is launched in 2015 by Vitalik Buterin , and indeed Ethereum is the world’s leading programmable blockchain for developers. Ethereum (ETH) is a smart contract platform that enables developers to build decentralized applications (dapps). What can be done using ethereum blockchain;

  • Cryptocurrency wallets
  • Financial applications
  • Decentralized markets
  • Games ad many more

Ethereum uses ethash and offers building apps, programs, games, events, and even elections using ETH token. Even though there are many good things about ethereum coin, quantity in circulation and total number of coin is going up everyday. There is no certain number of coin that ethereum platform will release. Its founder Vitalik Buterin predicted, in 2016, circulating coin is not to pass 100M but this prediction was too low. There is a new organization which aims to keep circulating coins under 120M in order to provide economic sustainability.

Ethereum token is used in either trading on exchanges or running application on ethereum blockchain. That is why it is also called internet 3.0 among community.

There are four main ways to get Bitcoin or Ethereum.

Investing in Bitcoin vs Ethereum
 BitcoinEthereum
Year20082015
AlgorithmSHA-252ethash
DevoloperS. Nakamoto (Unknown)Vitalik Buterin
Price (March 2020)$5600$120
Volume/24h10x1x
Quantity21.000.000>100M counting
Blockchainyesyes
Minableyesyes
Hard ForksLTC, BCH, BTG, BTD Ethereum Classic (DAO fork 2016)
DappNot yetYes
PopularityHighHigh
POS (Proof of Stake)NO ETH 2.0 (Planning)
Halving 3rd one in 2020 6 btc per block Unstable – Depends on Supply and block reward
WalletsAvailableAvailable
CentralizationNoNo
UsagePayment/Reward SystemPayment & Programmable
Buy/Sell/TradeYesYes

Here we write about Bitcoin vs Ethereum in a short post. Please let us know if you have anything to say/ask in comments.

buy cryptocurrency bitcoin ethereum

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.