We continue keeping an eye on Bitcoin and watch its volatility drawing it further from $4,000. Crypto enthusiasts and traders still hope bulls will come and save the situation, but many Internet users come up with somewhat pessimistic Bitcoin price predictions. What do Twitter users think about short-term BTC cost perspectives? Let’s read Bitcoin price analyses and try to foresee the next steps of the world’s most popular cryptocurrency.
Volatility is increasing
Looking at the 4-hour BTC price chart we can see that it’s gaining volatility and, unfortunately, only continues falling. Yet, there is good news: we can find buying support at the $3,860-80 area. It might be the right time for buying some BTC and waiting.
It’s only the beginning of the dump
Many crypto experts are sure that $3,800 won’t be the lowest low on Bitcoin’s way down. We have already mentioned that it might even fall to $3,600 in a pretty short term. Check out the current areas of interest:
$BTC - I'm still in my short position. I believe this is only the beginning of the dump. I'm expecting the real sell-off on a break of $3800.— UB (@CryptoUB) March 25, 2019
Bounces from here until my final target are for adding to my position.
Areas of Interest (for now):
- $3650#Bitcoin pic.twitter.com/8oUB3NuWa5
And that seems to be a viable Bitcoin price prediction. Bitcoin traders have been waiting for bulls for long, but there’s no support yet:
BTC is testing the support line
Here’s another piece of proof that Bitcoin is very likely to touch the $3,800 mark soon:
$BTC - this center channel line has been tested as support and resistance many times and currently suporting once again 3day chart...— Chonis Trading (Crypto Mentor) (@BigChonis) March 26, 2019
Channel holding #bitcoin price range over the past month, hold the mid range and test upper, lose it and lower channel support in play... pic.twitter.com/syuhSdCOj8
Seems like right now, Bitcoin is a risky investment – we have something to lose.
What about long-term BTC perspectives?
If we look at Bitcoin price paths in 2015 and 2018-2019, they appear to be looking exactly the same! Will BTC repeat its history, or it will go off the beaten track?
$BTC #bitcoin "Analysis Thread" Edition— CRYPTO COFFEE. ☕ ☕ (@overheardcoffee) March 25, 2019
Lets do a thread with some high level analysis
Starting with two of my favorites, the guppy and the fractal
- 2D 2015 v 1D 2018 - its not hard to see the similarities
- implies we are going 2-3x as fast through the cycle (thx @crypToBanger) pic.twitter.com/fqsEDO8w0B
Anyway, it means March could be a dark period for Bitcoin, and it’s doomed to fall.
No matter what happens, remember that falls are followed by rises. Even if BTC touches $3,800 support zones and fails to gain traction, you’ll have one more chance to invest.
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.