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 forks bitcoincash BCH BSV

Hi all, this post is going to be short and about Bitcoin Bitcoin Cash and Bitcoin SV for dummies like myself 🙂 Enjoy

In 2008, bitcoin was created, and it has become the starter of a new era of money, payments, and store of value. Thanks to blockchain, you do not need the middle man to make deals, bank to control your money, government proof to transfer value. The whole idea of blockchain is to create a system of transformation of information in a decentralized manner. It also created a value of each transaction as cryptocurrency, bitcoin.

Think of a bank account and you need to withdraw money or send it on your app to a friend or family member, they will charge you, they will limit the amount, or even block your account.

Like everyone else out there, you need a fearless access to your money at the time you need it. Think about investing in stock market, and you want to invest in a company based on a news at the middle of the night. With current banking system, you can’t. Cryptocurrency and blockchain are there to remove all the borders that centralized payment systems build between you, your money, and people.

You can skip the need for banks to trust or any other organization to control your savings, identity, or YOU. You can have 100% total control on your information thanks to cryptography.

Even with blockchain technology, peer-to-peer transactions needs updates and community grows and demand increases. For example, bitcoin has 7 major hard forks. Let’s see what we have done in name of BCH…

Bitcoin Cash

In 2017, bitcoin and its community decide to split their direction and differ each one with their unique ticker, BTC and BCH. So why bitcoin cash over bitcoin?

Bitcoin had a unique way of verification for each transaction on blockchain. These each transaction was recorded in a block of chain. The size of block for bitcoin was 1MB. Developers and miner agreed on increasing block size to be 2MB to increase scalability and they introduced SegWit2x protocol. However, this action did not worked as expected. In August 2017, some miner and devs decided to go through a hard fork as knows major updates to create another chain from original. This makes previously invalid blocks/transactions valid (or vice-versa). As a result, bitcoin cash, BCH, was created within its own blockchain having a block size of 8 MB to accelerate the verification process. This feature made bitcoin cash verification and transaction speed faster and fees lower than bitcoin.

Due to some debates among community, in 2018, BCH also ended in a hard fork to create Bitcoin SV. Developers believed to stay true to Satoshi’s original bitcoin white paper and to facilitate scalability and faster transaction speeds.

Summary

All these hard forks on bitcoin blockchain has occurred as community cared future of the bitcoin cryptocurrency, and its ability to scale effectively. As crypto community gets bigger and more demands created on blockchain technology more updates or hard forks will appear. For sure, future will be defined as we unleash from our chains and borders. Crypto community has started it with bitcoin. Let’s continue…

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In this post, we have mentioned about bitcoin, bitcoin cash, and bitcoin SV as hard forks. Read more about cryptocurrency here.

Let us know what you think about bitcoin’s future fork updates.

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