We continue watching Bitcoin’s performance – traders have all eyes on BTC’s price, arguing about the possibilities of bullish or bearish trends. Meanwhile, Bitcoin seems to be a little bit stuck after reaching the $4,000 mark. So, what to expect from the world’s most famous cryptocurrency? Let’s read tweets with Bitcoin price predictions – crypto enthusiasts will share their opinions about the nearest future of BTC.
BTC is to overcome the $4,050 mark
As we’ve mentioned, traders’ opinions have split: some of them claim that Bitcoin is still bearish, others believe it will reach new heights during this spring. Here’s what the optimists say:
Their theories are proven by numbers:
#BTC/USD ASIA ?#Bitcoin utilising 26-period EMA as support, with the line moving closer to the 200-period MA.— CoinDesk Markets (@CoinDeskMarkets) 28 марта 2019 г.
Last time the 26-EMA crossed up above the 200 was in Oct, 2015 and saw the build-up to crypto's 2017 bull run.$BTC pic.twitter.com/KUhuULnFlX
It’s getting easier for BTC to overcome the $4,000 threshold every time. Higher lows mean we’re on the way to a brighter future:
A lot of traders and financial analysts are sure that history repeats, and BTC has finally been released from the bear trap:
History Rhymes!#Bitcoin's 200MA on 3-day chart is flat lined for the first time after in four years.— CoinDesk Markets (@CoinDeskMarkets) 28 марта 2019 г.
The previous bear market had ended after the lagging average gave up its bullish bias (turned flat) in March/April 2015. pic.twitter.com/YQYkCo3c61
Bears haven’t surrendered?
At the same time, if we look at some certain patterns, we might see Bitcoin is repeating its previous paths, so there’s always some threat of a bearish tendency reigning over the market again.
See this downtrend? Bitcoin is moving along a channel that leads to crash...Probably.
Now, the question is: “Will BTC repeat its previous tendencies?”
$BTC - this purple line of resistance induced significance bearish #bitcoin price action when tested the last two times on the weekly chart...— Chonis Trading (Crypto Mentor) (@BigChonis) 28 марта 2019 г.
but this time will be different...? pic.twitter.com/0nIX5yHg2K
Here’s another interesting theory:
#Bitcoin. Final sell-off & spike model. Bottom of Dec18 was generated with huge volumes but no clear spike. Every bull run has been preceded by a dramatic sell-off, completed in 1 or 2 days max. Possibilities for a final sell-off. Keep an eye on: 19 Apr approx, end of July. $BTC pic.twitter.com/KcSGpTFjRZ— Trend Geometry (@TrendGeometry) 28 марта 2019 г.
Providing precise Bitcoin price predictions is always a challenge – the cryptocurrency is highly volatile, and every day can be marked with surprising moves. Right now, we should rather wait and see where BTC goes – seems like the chances of bullish and bearish trends are equal.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.