BTC/USD price prediction
Hello crypto fans,
Welcome to our first analysis of Bitcoin price. As mentioned in the chart, we found two really similar patterns in Bitcoin trading price during the years.
1st circle: hard short as seen in March 2020 - very small price variations - jump. That's the typical V-shape.
2nd circle: hard short, because of COVID crisis and big price variations. For example yesterday's market opened at 7200$, then dropped till 6800$, then almost kissed the 7000$ again and now we can see it at 6800$. Don't forget that we jumped way too fast from 5800 to 6800$ and that's the big difference with the picture from the 1st circle. We really have to test again the levels below 6000$ in order to make the big jump in May.
So my prediction for the next days' price is SHORT. 6900$ is a perfect level to get in and stay at least to 5800$. Have in mind that BitMEX CEO said that even a 3000$ level is possible!
For more info you can SUBSCRIBE to our FREE Telegram channel - HAVEcrypto
Welcome to our first analysis of Bitcoin price. As mentioned in the chart, we found two really similar patterns in Bitcoin trading price during the years.
1st circle: hard short as seen in March 2020 - very small price variations - jump. That's the typical V-shape.
2nd circle: hard short, because of COVID crisis and big price variations. For example yesterday's market opened at 7200$, then dropped till 6800$, then almost kissed the 7000$ again and now we can see it at 6800$. Don't forget that we jumped way too fast from 5800 to 6800$ and that's the big difference with the picture from the 1st circle. We really have to test again the levels below 6000$ in order to make the big jump in May.
So my prediction for the next days' price is SHORT. 6900$ is a perfect level to get in and stay at least to 5800$. Have in mind that BitMEX CEO said that even a 3000$ level is possible!
For more info you can SUBSCRIBE to our FREE Telegram channel - HAVEcrypto
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