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Topic: Bitcoin Price Analysis – BTC Price Is All Set To Hit $4000 - page 2. (Read 284 times)

legendary
Activity: 4410
Merit: 4788
blah blah blah.. drawing lines on charts based purely on previous lines on charts.... supports no logic.

i see no push on acquisition costs of bitcoin (mining) to assume that it will snowball to raise the sell/buy rate support on the market
i see no massive drama event, nor any big company needing to consistently buy bitcoin.

so i dont see big reasons for any sustainable growth yet. all i see is just empty speculation meaning if there was a price spike, expect a price correction after

will the TREND ANALS stop trying to be technical analysts
jr. member
Activity: 58
Merit: 1
Bitcoin has knocked out  the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.

At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.

On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.

Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.

Read More here https://coinpedia.org/news/btc-bitcoin-price-analysis/
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