the suggestion that if price breaks the 3,400 price level, Bitcoin will resume its downward trend. This shall be our BTC/USD trade plan: Buy: 4,100 Stop: 3,900 Target: 4,500, 5,000 All Charts Courtesy of Trading View Author: Dalmas N Bitcoin (BTC) Daily Price Forecast: January 2, 2019 BTC/USD Medium-term Trend: Ranging Resistance Levels: 6,800, 6,900, 7,000 Support levels: 3,800, 3,700,. After week ending July 22 bullish engulfing candlestick, most Bitcoin traders were waiting for the confirmation of that double bar bullish reversal pattern right off the main support line at 6,000. That would put Bitcoin as having around a 50 trillion market cap.
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BTC/USD Short-term Trend: Ranging On the 1-hour chart, the BTC price is how much bitcoin is there left to mine in the bearish trend zone. It meant that the bearish pressure of the asset was over. It is assumed that the cryptocurrency will cross over the hurdle at the price of 6,600. To reiterate, BTC buyers must build enough momentum to propel prices above 6,8007,200 resistance level for bulls to be valid. Definitely a bold prediction but one that does make perfect sense. In February 2019, BeInCrypto officially released its price prediction for 2019, 2020, 2021, and 5 years from now. The failure of the bulls to break the resistance at 6,700 has resulted in the fall of the price of Bitcoin. If there are reversal of yesterdays losses and prices rally past 3,800 or the.2 percent Fibonacci retracement level of Dec 2018 high-low, BTC may retest 4,100 or 4,500 by end of the week. The asset is currently trading at 7,612.61 as at the time of writing.