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:
$5,600 is the next threshold to reach:
The bullish shift hasn’t ended yet:
#BTC/USD ASIA 📈🔥 (3D Chart)#Bitcoin's currently attempting a stronger body close than that of April 14 and 15 closing price, which would confirm another shift toward the bulls in the short-term.— CoinDesk Markets (@CoinDeskMarkets) April 16, 2019
Greater money flow - most since March 2018.
RSI: Overbought (72.1)$BTC pic.twitter.com/pdbYM8knwp
Tendencies remain positive:
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
Time 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:
Another piece of proof:
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:
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.