btc prediction

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.

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.

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.

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.

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.