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Bitcoin Price Is Heading to Its Next $7,000 Target! When Will BTC Break Resistance?
After a short pause, Bitcoin has decided to take a few steps up to reach the new resistance level. What’s the chance for BTC to hit new price levels? Read Bitcoin price predictions from Twitter users to find out what they think about the short-term prospects of this cryptocurrency.
BTC will continue rising
There are many positive forecasts claiming that BTC will reach new heights in the nearest future:
$BTC
— The Crypto Moon Overlord (@MoonOverlord) April 17, 2019
Targeting the 1.618 FIB extension on RSI
Would put the price around $7,000
That's all for today lovelies#Bitcoin $BTCUSD #BTC pic.twitter.com/qr7iRzlDX1
$5,600 is the next threshold to reach:
Haven't been/don't follow $crypto Twitter too closely for $BTC analysis? This chart is a fair summary.$BTC $BTCUSD #Bitcoin $crypto pic.twitter.com/mD3ExNGWeZ
— The Crypto Dog? (@TheCryptoDog) April 16, 2019
Denys SerhiichukThe bullish shift hasn’t ended yet:
#BTC/USD ASIA ?? (3D Chart)#Bitcoin's currently attempting a stronger body close than that of April 14 and 15 closing price, which would confirm another shift toward the bulls in the short-term.
— CoinDesk Markets (@CoinDeskMarkets) April 16, 2019
Greater money flow - most since March 2018.
RSI: Overbought (72.1)$BTC pic.twitter.com/pdbYM8knwp
Tendencies remain positive:
#Bitcoin: the mentioned channel playing out with surgeon's precision. Bounce over support and printing new weekly highs. Strategy remain intact and positive. pic.twitter.com/hSOYU3iZFX
— Crypto Rand (@crypto_rand) April 16, 2019
Expect new bullish runs:
The strongest weekly MACD buy signals take place when a bullish crossover occurs between the MACD & signal line, then rises above the zero line.
— CoinDesk Markets (@CoinDeskMarkets) April 16, 2019
Such took place early in #bitcoin's latest two major bull runs.
As of today, MACD has crossed bullish but is still below zero line. pic.twitter.com/L9m3mxSsyK
Alex DovbnyaTime for retracement?
At the same time, many users see that there’s some BTC volume declining, which means it’s very likely to dump a bit:
$BTC - daily candle continues to close above EMA12 support on notable declining #bitcoin volume... pic.twitter.com/Wnz5QLScGl
— Chonis Trading... (@BigChonis) April 17, 2019
Another piece of proof:
Not much to slow it down when it breaks to the bottom. April isn’t looking pretty. #bitcoin pic.twitter.com/d9Nc9LwsOD
— Benedict_ARNY (@Benedict_ARNY) April 16, 2019
A lot depends on Bitcoin’s ability to stay above the $5,000 level:
$BTC - for a forth time in over a week #bitcoin has been bought up on intraday breaks of the $5k level and has yet to close below on the daily candle...
— Chonis Trading... (@BigChonis) April 16, 2019
BULLS have control until $5k fails to hold daily candle close... pic.twitter.com/QkRA9AtWBZ
Reaching a new height and dumping is another very likely scenario for BTC:
#Bitcoin (BTC) just reached $5223 and I’m expecting it to settle at $5700 pic.twitter.com/0uhsM6blKj
— Crypto Price Prediction (@CryptoPricePre1) April 16, 2019
However, the next height before a correction might be somewhere about $7,000:
Here i present you, Bitcoin! pic.twitter.com/rEFN1Pfvta
— DarkRabbit [Retired Bearslayer] (@Bitinurface) April 16, 2019
Time will show whether BTC will be able to overcome the new resistance. At the moment, it’s not the right time to enter the market. Wait for BTC to dump a bit – it is very likely to happen.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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