Topic: BTCUSD Forecast (Read 166 times)
It was well expected that bitcoin price will go down to a certain extent after the successful implementation of Segwit on November 16th. Because a lot of people invested in bitcoin heavily before the fork just to receive free coin and make some quick bucks. However, when it got cancelled, I expected worse. After all the organized attacks from the BCH trio by old pump and dump method, bitcoin price reacted quickly and gone back to 5.5k level. But the good part is that, it recovered quickly and started stabilizing at 6.4k level. It is still growing slowly and steadily. It is just gaining grounds before taking the next leap. I believe bitcoin will be price at 7k USD before we enter in to December.
I was looking for a deeper pullback at the weekend, around $4,500 but there wasn't enough selling pressure to get it down there. Since hitting the low of that move at $5,400 price bounced back very quickly and stabilised nicely. It now looks to be consolidating ready for the next move up. Any break above $7,000 is a confirmation of that and any dip is a buying opportunity.
Bitcoin dropped to a low of $5,555 (weekly fall of 22%) on Sunday after SegWit2x cancellation. Here is the 13-19 November Technical Bitcoin Prediction.
https://atozforex.com/news/13-19-november-technical-bitcoin-prediction-btcusd-forecast/
suggestions and comments appreciated
https://atozforex.com/news/13-19-november-technical-bitcoin-prediction-btcusd-forecast/
suggestions and comments appreciated
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