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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 Price Analysis: How Soon Will BTC Get Back to $4,000? A Breakout Is Around the Corner

  • Vera Thornpike
    📈 Price Predictions

    Short-term Bitcoin price trends: Will we witness BTC reaching $4,000 in March? It’s very likely to happen

Short-Term Bitcoin Price Analysis: How Soon Will BTC Get Back to $4,000? A Breakout Is Around the Corner
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Bitcoin continues making waves, and its recent fluctuations have caused a lot of discussions around BTC’s future price. Experts from tradingview have found there’s a trend change coming soon. Here’s what they think about Bitcoin’s short-term performance.

Longs/Shorts Changes Signal Trend Shifting

We are on the verge of a long-term BTC trend

Bitcoin price chart from InvestingScope

InvestingScope took a closer look at the Longs/Shorts speculation. During the bearish market, the overselling of RSI signaled Sell. During bull markets, it signaled Buy. Thus, every time that RSI is oversold on the Longs/Shorts, the price action should be taken because it precedes a long term trend.

So, what is the upcoming trend about?

In their Longs/Shorts research, InvestingScope has identified the sequence that predicts a trend change. Here’s what they write: “The fractals before the trend changed last time from bullish to bearish, appears to be similar to the current sequence. Will this lead to a trend change? If the sequence continues to print the same candles it just might.”

Hopefully, the trend will change to a positive side, and we will witness BTC reaching $4,000 this month.

BTC is approaching support

BTC should soon reach $4,000 resistance level

Bitcoin price chart from easyMarkets

According to easyMarkets, BTC/USD is about to reach the support zone at 3,775.9 with 61.8% Fibonacci retracement. It means a serious bounce can occur, pushing the BTC price to the 4,065.0 resistance level. Stochastic factor (89,5,3) is also approaching support – there’s a corresponding price growth. However, trading CFDs on margin is connected to high risks, and your losses can exceed the initial investments.  

Potential breakout is coming

BTC should break MA99

Bitcoin price chart from alanmasters

In the 4H time frame, Bitcoin has hit the higher lows and now is staying at MA25 with MA99 being immediate resistance. According to alanmasters, if XBTUSD can break MA99 with decent volume, we should witness a $3,900-$4,000 move in the short term. Yet, if BTC gets below MA25 ($3,805), the last low will be tested. There’s another rejecting of sellers, which can lead to breakout if bulls follow.

It’s better to wait before you buy

Bitcoin is in the Adam & Eve pattern

Bitcoin price chart from TheTrex

A user called TheTrex recently posted that BTC formed an Adam and Eve pattern, and it showed what the target would be if the formation breaks up. Last time the price went through a rejection, traders hoped that BTC would form a cup on this Eve and the target zone to buy a few coins. With stop loss below 3,750, the loss would be minimal while BTC is trading near 3,700.

“My thoughts are that bitcoin has two structural targets, if indeed the handle fails, which would happen below 3400 we are looking at bearish continuation with targets of 3350/3150/2675/2565.
If Bitcoin continues to be bullish and re-establishes support we should see a consequent retest of 4100 then most likely a retest of 3800 and further up continuation towards 4700/5100.”

Thus, you can try to buy some BTC, but its tendencies aren’t absolutely defined yet.

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.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
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