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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)?

Short-Term Bitcoin Overview: It’s Time to Prepare for a Big Rally! $6K BTC Value Is Expected in May 2019

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    🤔Bitcoin short-term analysis from TradingView experts: When will we see BTC rise?💹💹

Short-Term Bitcoin Overview: It’s Time to Prepare for a Big Rally! $6K BTC Value Is Expected in May 2019
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Now that the market seems to be recovering after a long crypto winter, investors have all eyes on Bitcoin’s price. This is the major crypto that partially defines the price of all other altcoins, so it’s essential to have an idea about its future development. The asset has already touched the $4,000 support line and is still holding near this edge. Will it have enough power to reach $5,000 and higher? tradingview users share their analyses and theories.

“Time to prepare for big Rally (55-80%)”

Bitcoin is on the verge of a rally

Recently, the crypto community has witnessed a 20% growth of BTC that ended with a serious dump that most traders regarded as the finish of its rally. However, a user called Weslad reassures the following: “The rally is just cooking up as the move represent sub wave 1 out of 5 big moves on the corrective wave Y of the big drop from 10,000$. We should expect another form of the big rally after the break of price from the ascending triangle.”

BTC has already broken the bullish flag, and now its price is gradually moving to the uptrend. Take a look at the chart provided by Weslad. For successful trading, you should look for the following marks in the accumulation zone:

  • Possible entry zone

  • Possible support level

  • Sell targets

Develop your own entry/exit strategy for trading, and don’t forget to apply stop loss! If Weslad’s prediction is correct, BTC might reach $6,000 by the end of this spring.

“BTC will make a decision at the end of March”

Expect Bitcoin fluctuations to last all spring

A user nicknamed filbfilb claims that most likely, we are going through a corrective phase – it has already happened to Bitcoin many times. He expects that Bitcoin will get to new heights again before retesting the reload area like last time. That can trigger even more frustration on the market.

Filbfilb doesn’t comment on how exactly it will all be resolved, but he is sure BTC won’t fall to $1,000. It’s more likely to be bullish than stay bearish around $3,000.

When Bitcoin manages to make a higher high during its daily performance, it will be more possible to reach $4,000 again and move further. The user expects BTC to make a decision by the end of this March.

“Bitcoin STILL Follows 2015 Bottoming Fractal”

BTC follows 2015 bottoming fractal

A top-rated TradingView expert, MagicPoopCannon has come up with an interesting idea: Bitcoin follows the 2015 bottoming fractal pattern. Recently, the BTC price fell to 50 EMA, which is reminiscent of the situation that took place four years ago.

What does the pattern look like? It’s an inverted ‘head and shoulders’ scheme.

“As you can see, on the 2015 chart (on the bottom,) toward the end of the triangle (in black) and after the descending head and shoulders pattern (in red) price had two pumps to the upside, it hit the top of the downtrend channel, and then fell sharply to the 50 EMA, exactly as it just did yesterday. Now that I have noticed that, perhaps we won’t see the rally to the top of the channel (in blue) that I have been expecting.”

Turns out, even if the BTC price goes below 50 EMA, it will still remind traders of the 2015 bottoming fractal, which means bullish movement. Perhaps, we will see two pumps, and the price will continue falling below 50 EMA. Either way, MagicPoopCannon expects bullish results.

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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