Topic: bitcoin price analysis - page 2. (Read 1367 times)
I think buying at this point is a lot more riskier compared to last week. Correct me if I'm wrong but last time I tried to join the hype, I left my guard down and it was not a happy ending. Learned my lesson.
Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
This sounds reasonable to me, although I think it's important not to get too bogged down in a single form of technical analysis. Bitcoin definitely still has strong upward momentum and should continue to rise in the short term. That being said, I still think it is overpriced an will have a very large, major correction within several months.
I am not familiar with such analytical techniques, reading the market and so on makes me confused and difficult to sell or buy bitcoin at the right time. Which I know starting from last month bitcoin prices soaring ,, and this is a good time to sell some bitcoin I have. Maybe a few weeks bitcoin will continue to rise. That's my opinion
Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
the possibility to increase the price is still great. We can see the bitcoin market is experiencing a positive impact, so do not worry about the price drop. Bitcoin markets always show a significant rise, declining just a few moments and do not be a panic sell. Wait for the price to rise, we all believe it will happen. 
Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
There is a reason behind bitcoin’s continuous trend toward $3,500.. The current rise in bitcoin price is more stable than its previous price changes and it is looking for monthly support level. Monthly pivots yield a resistance maximum at around $5,800. Major rallies always happen in this volatile cryptocurrency markets. For example, within the period of one week, the bitcoin price went from $1,700 to $2,700. It looks like a bigger correction as normal, but later price stabilized at $2,200-2500 resistance levels. In overall, the value of BTC increased by 124 percent in 2017 and it will hit 3500$ after August
Bitcoin price is unpredictable, even charts and analysis will have a hard time predicting its trend. Though I object that the price surge has no real issue, the fact that there are really good news about bitcoin and countries accepting it is good enough reason for bitcoin price to increase rapidly especially if the current increase triggers FOMO to the investors. The price increase when Japan accepted Bitcoin maybe one example that investors might think Bitcoin will increase in price when Australia starts accepting bitcoin as Japan did.
I have found Fibonacci targets don't work very well for predicting bitcoin prices, the more relevant thing to follow are the big item news that lead it to pump a lot.
Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
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