Topic: Bitcoin price analysis (Read 146 times)
Bitcoin price is really affected in current market I think some banking sector is affected in the world so it will reflected to many investors so world bank issue is the main reason for this scenario. After it will recover we should expect some good hype otherwise our price analysis is just a passing cloud.
Some indicators show bullish movement while the others show bearish. It is not good to decide the future price movement of Bitcoin by looking just one indicator.
The bitcoin price we should analyze will see the price chart which gives us a broader overview of the general growth of the recent period and has invested in the right direction as it develops its price.
In the stock market, the introduction of index funds is a popular move. Why? It attracts many new investors because it is easier to invest and bring more profit than most hedge funds.
Here is my analysis. If I'm wrong you can point out, thanks!
http://bitcoinvietnam.info/wp-content/uploads/2018/04/btc-usd.png
Bitcoin has barely reached any platform after exiting the descending channel on April 12. It is trapped between both moving averages. The bears are protecting the SMA for 50 days, while speculators are buying the 20-day EMA.
If the BTC / USD does not break out of the 50 day SMA within a few days, traders may increase their stop to breakeven or can close their positions. Failure to exceed the upper resistance will attract sales, which may cause the digital currency to return to $ 6,757.
If the price passes the 50 day SMA, then it could rise to $ 9,400, then it could rise to $ 10,000.
Here is my analysis. If I'm wrong you can point out, thanks!
http://bitcoinvietnam.info/wp-content/uploads/2018/04/btc-usd.png
Bitcoin has barely reached any platform after exiting the descending channel on April 12. It is trapped between both moving averages. The bears are protecting the SMA for 50 days, while speculators are buying the 20-day EMA.
If the BTC / USD does not break out of the 50 day SMA within a few days, traders may increase their stop to breakeven or can close their positions. Failure to exceed the upper resistance will attract sales, which may cause the digital currency to return to $ 6,757.
If the price passes the 50 day SMA, then it could rise to $ 9,400, then it could rise to $ 10,000.
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