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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Bitcoin Price Short-Term Analysis: Is BTC to Reach $4,500 in a Week? Signals and Patterns Make for a Positive Forecast

  • Vera Thornpike
    📈 Price Predictions

    Bitcoin is to reach at least $4,250 in a week – Technical analysis from TradingView experts is here to prove that. Read about the most positive short-term BTC predictions

Bitcoin Price Short-Term Analysis: Is BTC to Reach $4,500 in a Week? Signals and Patterns Make for a Positive Forecast
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Bitcoin is making waves – traders are anticipating positive moves, and they are likely to happen. Since the recent $4,000 value fell, we have been counting the days when BTC will reach this high again. Seems like that will happen soon.

Check out Bitcoin price forecasts from TradingView users to find out what will drive BTC growth, and when it will hit the $4,500 target.

BTC will trade $4,500 in a week

Several trends signify rapid Bitcoin growth soon

 

Bitcoin price chart from Monfex

User Monfex has provided a detailed technical analysis of the Bitcoin price based on technical indicators and patterns. There are several signals hinting at a BTC/USD uptrend, including:

  • An ascending triangle which was broken on March 9 when the price broke through the upper resistance, forming the triangle at $3,950. Buyers were selling off BTC instead of waiting for another bullish wave, so BTC gave up. Probably, it will gain momentum to reach at least $4,000 in a week and make a new rally.

  • An ascending trend channel is being formed on a daily time frame. Look at this pattern: the price is making higher highs and higher lows. There’s a strong continuation chart pattern that confirms an upward trend signal. 

  • Both quick (10-days) and slow (30-days) Exponential Moving Averages are increasing. EMA indicates a buy signal, too.

  • The stochastic oscillator has approached an overbought range. This means that a small retracement downwards is possible, after which the prevailing medium-term trend is going to continue upwards. 

As long as the BTC price has managed to break the $3,950 resistance, we have an uptrend continuing. Based on the technical indicators and patterns, BTC has the chance to jump to at least to $4,250 within a week.

Bat pattern is forming – expect sell-off

Beware of sell-off after BTC reaches $4,000

 

Bitcoin price chart from weslad

Analyzing the BTC/USDT ratio, user weslad has come to the conclusion there’s a potential Bat pattern formation. As we see, there have been such patterns during the last 2 months. It means there’s a possible upside move to complete the wave C of the Bat before we have a final leg down. If BTC reaches $4,000 within a couple of weeks, that might be a potential sell-off zone. Consequently, the rise might be followed by a nosedive to $3,500 by the end of March.

Bitcoin is NOT bearish yet

Fibonacci pattern shows BTC is to approach $4,000

 

Bitcoin price chart from DianKemala

What else signifies Bitcoin’s strength and potential? The user nicknamed DianKemala has noticed several technical indicators of an uptrend:

  1. Inverted head and shoulders pattern (purple). This pattern is still valid as long as we have no candle lower than head. The projection for this pattern is at $5,000.

  2. ABCD Fibonacci pattern (black). There’s also Fibonacci support at a bigger time frame at $3,673. This pattern projection at $4,500.

  3. Fibonacci pattern for H1 time frame (Blue) for a shorter time frame, we have Fibonacci support level at $3,781 with projection at $3,990.

Thus, all Bitcoin patterns signify we’re on the verge of a Bitcoin breakout. Wait for BTC to reach $4,000 by the end of this week. There’s a high chance of this happening!

BTC/USD price chart on TradingView

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.

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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
You may also like:
Contents

After trying to retain the position above $4,000, Bitcoin seems to be stuck. What to expect from BTC during the following weeks? What’s the best time to invest in Bitcoin? Let’s try to figure it out with tradingview users: they will provide their BTC price predictions and opinions about investment strategies.

Bitcoin has to break another resistance

Both shortage and resistance breaking are possible for BTC

Bitcoin price chart from DianKemala

This BTC price chart clearly explains the influence of the Fibonacci level on its price. Traders saw a big bearish candle 2 days ago, but bears stopped at $3,936 and started performing a sideways consolidation pattern.

Bitcoin failed to break the Fibonacci resistance zone (4004 - 3986), which isn’t a bullish sign, but we have another resistance above at $4,038. If Bitcoin is able to break up this resistance, the bullish period will continue. The important support before the bearish period is around $3,936. If this support breaks down, expect a bearish target at $3,860, or maximum at $3,780. 

Will BTC get back to $3,600?

$3,600 level is ideal for investments

Bitcoin price chart from MarcPMarkets

We are watching the BTC market trying to overcome 4K resistance level with varying success. According to MarcPMarkets, the current BTC trading environment does not offer an attractive reward/risk for putting any new money to work.

All risks should be properly assessed. The low 4K area is still the range resistance, while the lower 3K area is the range support. In the green box, you can view the potential reward, while the red box represents the potential risk. Why would we put on any new swing trades at range highs when chances are the price is more likely to test much lower levels in the short term? 

Candlesticks or RSI are not the only signals of upcoming BTC fall. The fact that price is beginning to show signs of structural weakness confirms our reasoning that staying out of any new swing trades near the range highs is the best choice for now. Support levels begin around the high 3600s and continue through to the 3450 levels. That might be the ideal time for investments.

Although supply may be slowly removed from the market, it will take some time before the effects play out. So we will continue to wait for two particular scenarios: 1) price retraces toward the lower part of the range for a reversal to go long; or 2) price breaks beyond 4150 and provides a momentum continuation pattern for a long.

BTC is ready for capitulation

 BTC movement is around the corner

Bitcoin price chart from DataPatron

During several months Bitcoin was consolidating in a tight range between $3,300 and $4,400. Now it seems to be completing sideways mission, and long term volatility promises a serious movement that’s around the corner.

I am almost sure another red leg symmetrical to the previous one (from 6 to 3k) is before us.

All in all, Bitcoin is in a broader recovery over the long term, but the short term is just not in a position that offers attractive reward/risk. Consider an investment in BTC, if it hits the $3,600-3,700 bottom line in a few weeks.

BTC/USD price chart on TradingView

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.

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