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📈 Price Predictions
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BTC Price Prediction: Dump to $3,800 Seems to Be Inevitable. Are Bulls Giving Up?


BTC Price Prediction: Dump to $3,800 Seems to Be Inevitable. Are Bulls Giving Up?

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.

Contents

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:

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:

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?

 

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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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