Did we see a break through or not? I've redrawn the line and perhaps not? What do you think? Give me a thumbs up if you agree that we will see a bearish correction in the next few days. Subscribe if you like this idea!
This is my bearish prediction for what will happen when bitcoin reaches the historic resistance line. I also forecast that a well timed negative news story will cause doubt and fear in the market as it did on previous dates that the bitcoin price reached this manipulated resistance level. Give me a thumbs up and follow if you agree. It could of course break...
Here is my forecast for the bitcoin price over the next few days based on the conditions in the MACD and RSI technical indicators and their recent performance. If you agree with this forecast please like the post. Your comments are very welcome. Follow me if you like predictions like this. Good luck with your trading. This is not financial advice.
I forecast that the price of bitcoin will drop to the previous support level of around $5980 USD, before gradually making its way back up to the resistance line of around $8,073 where the price will then change direction again unless the bulls can break through this line of resistance, in which we could see a return to a bull market. Like this post if you agree,...
We may see a further dip over the next day or two, followed by what I think will be reversal back to bullish conditions.
This is my prediction for the bitcoin price over the next few days. I think the price will fall back again to levels we have seen recently of around $7331, giving you another opportunity to buy more bitcoin while the price is low, then will swing up again probably pausing at the previous line of resistance around $7475 USD. On this chart you can look for the...
Looking at the correlation between MACD and the bitcoin price on the 1 hour chart, it seems likely to me given that the RSI is currently very high, we will see a short term drop in bitcoin down to the lows seen before the weekend, then the price will be very low and a correction could take the price gradually back to levels in the region of $8,863.
My forecast takes into account that the RSI and MACD are both low for bitcoin/USD and we are starting to see a bullish pattern. I expect the bitcoin price to hit the previous resistance level of around $8,950 and we could be seeing this happen within the next 48 hours. I am looking for any dips in price that will be confirmed by lower RSI and MACD levels again as...
Looking at the daily chart for the past year the market previously saw a higher than usual bullish market compared to the overall trend line, and we are now seeing a downward correction in price. If the same time period for the up trend we saw happens in the down trend, we could be back on track at $25,000 by the 5th May according to my forecast. Let me know what...
It could go pretty much either way at this point. What do you think? It could either go down to around US $9120 or up to...?
I forecast that bitcoin will drop to $6812 over the coming days. Give this prediction a like and follow me if you think I'm right. The reason I say this is that the RSI is currently very high. Previous drops have been progressively lower each time recently.
Looking at the drop in relative strength, we could see a drop down to $7304 by the 19th March, but it is still possible we can see a rebound.
There is a key resistance line that is sometimes crossed and becomes a support line. I forecast that the price is on its way there now and could reach there in the next week.
Historically there has been a resistance line at $9448 USD that has been hit many times now, making it a strong resistance line. Sometimes it has been crossed and then became support line, so I forecast there will be key price activity around this value.
Price was stagnant the last couple of days which made trading pretty boring, but we are now seeing some movement. Over the next day I expect the price to fall to around €6947 where it will find support, and then bounce back higher giving traders the opportunity to take profits.
The price did not rise as I predicted before as quickly as I expected, however it looks like it is going to gradually increase now.
Some very short term forecasts for bitcoin price.
The bitcoin price seems to be following this path that I forecast a few days ago still. What do you think?