I think Bitcoin will rise to a max of 6694.90 and then go down again to 5781.00. If anyone was going to sell btc's, it's time to do it. Or you should wait out these movements and expect a price increase above 7k. But with the current situation, I don't know when this happen.
Hi all. Here`s my latest Bitcoin (BTC) analysis. First of all I`ve got to mention that this is my short term analysis and it`s going to be really short. In the next few days i`ll present you my really long term (kind of edited) analysis too.
Now let`s get to the technicals. The main point here is the ascending triangle at 4H chart. This pattern most of the time leads to a bullish breakout but we`ll see. 1. Pivot point for this week is $6182.09 We`re far above it right now which is awesome for this and the next week. 2. Resistances: 1st $7100-7300 (a MAJOR one) – that`s the top of the ascending triangle and also 61.8 fibo level at weekly chart. A break above it will be a strong bullish signal. 2nd $7800 (by previous PA) 3rd $8500 (by 50% fibo level and previous PA) – here the resistance can be even a bit lower by VPVR indicator. 3. Supports: 1st $6400 (last resistance) 2nd $5600 (MAJOR support by historical PA) One last point for today. Thanks to Glassnode we can monitor a lot of on-chain activity out there. The last thing that i`ve noticed is the enormous amount of Tether USD (USDT) which is stacking into exchanges. And now you`ll be asking: “So what?”. USDT is the easiest way to buy/sell BTC for the so called whales. But is you`re selling BTC, the you`ll cash out BTC for USDT and then for real cash. But when you want to be fast with buying BTC, then you`re staking your real cash to USDT in exchanges and just patiently wait to start buying BTC. Isn`t simple enough? That`s from me for now.
Well that is one heck of an analysis. I believe that BTC will certainly reach that limit. I might even consider trading in BTC if it goes on well like that. It may not be the best prefeered option but sometimes it is worth ot give something a try. You never know how things are going to turn out.
Hi all. Like i`ve promised you last week, today i`ve made a very long term BTC analysis. In this analysis it`s all about next expected all time high (ATH) in a matter of price and time. It`s a bit more conservative or realistic even than the last long term one in which I`ve pointed $170k as a ATH price. I`m not saying that $170k is impossible but this analysis is more conservative like I already said. So let`s go. All is a simple math and price action. 1. The 1st ATH after the 1st halving took 334 days from the halving and the price increased with around 11000% from the halving since the ATH. 2. The 2nd ATH after the 2nd halving took 518 days from the halving and the price increased with around 3100% from the halving since the ATH. Counting on the mentioned above the 3rd ATH after the 3rd halving must take 800 days from the halving and the price must increase with around 900-1000%. Why? Simple math and multiplication. If the price at this year`s halving is around $7000, this is setting the price around $70000 per single BTC somewhere around June 2022 (confirmation to the same date from the previous long term analysis). Another question can be why every time it took more days and the price increasing is lower. Simple again – Because with the price increase it needs more and more money to be pumped for the same or even smaller price move in time. Why i`ve marked the start of the next ATH period from Dec `21? That`s more because of the sentiment or feeling than to some numbers. The single fact here is that every ATH since now was happened Nov-Dec next year after the halving year or simply said – 4 years after last ATH. That`s why Dec`21 or even Jan`22 is a good start of the next ATH period or even the exact ATH time. There`s nothing more to be said here so let`s summarize all about the next expected Bitcoin ATH:
PRICE: around $70000 TIME: from Dec`21 to June`22
P.S. I`m really curious to see your thoughts about the next Bitcoin ATH too.