My opinion in BTC price is that we can expect rise of the price to 5800 USD. Because of RSI level which shows that BTC is overbought right now I think the level of 4300 USD will be retested. There is also indicator Bulliger Bands that shows price is now very volatile so anything can happen. My personal opinion is that it is best to wait for few days to see how...
Weekly chart for BTC/SHORTS. Momentum on shorts is falling, price of BTC rising. That could be one more evidence that BTC price has bottom and I expect rise of the BTC price in the following weeks at least to 5800 USD.
Weekly chart for BTC/LONGS. Momentum on longs is rising same as price of BTC is. That means more and more people are interested in longing BTC and that is one more evidence that BTC price has bottom and I expect rise of the price in the following weeks.
This is my short analysis why BTC will rise in following week. I am certain that it will reach at least 5800. After that it depends on the market if the ressistance will be broken.
The BTC google trends proves my point that even more people are interested in BTC as we speak.
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving".The halving decreases the amount of new bitcoins generated per block. This means the supply of new...
I created a chart just for fun. I compared prices from 2014 crash of Bitcoin and 2017. I know that the space has changed a lot and today we have much more volume than in 2014. But still i found a lot of similar activities. Perhaps this is because of human psychology, because the timing is almost exacly the same. In 2014 the "bear" lasted for about 413 days. If we...
