How to Predict the Increase in the Price of Bitcoin Today
There are 3 conditions that reflect the development of bitcoin prices, namely rising, stagnating, or falling. Rising bitcoin prices indicate a positive market condition (a strong uptrend). While stagnant markets show market conditions that tend to be predictable.
The development of bitcoin prices like this benefits the small medium traders. Because, just by raising the price slightly from the purchase price, profits can already be obtained. After all, there are only 2 possibilities after today's bitcoin prices enter a stagnant condition, which is rising (positive) or down (negative).
So, don't be surprised if the trader chooses to sell it immediately when the price is above the purchase price. Meanwhile, falling prices indicate negative conditions. Especially if only in the span of 1 hour, the price dropped dramatically.
How to Predict Today's 1st Bitcoin Price: Graph Analysis
Tips or the first way you can do to predict the development of today's bitcoin prices is by analyzing charts. This method is also often referred to as technical analysis. In addition to graphics, analysis can be done on chart data.
But, although it can be used as a tool to predict the price of bitcoin, the graph cannot be used as a guarantee that the price of bitcoin will always rise. So, according to its purpose, this chart or chart only aims to predict the price of bitcoin in the next second, minute, or hour. Then, you decide the steps to buy or sell yourself.
How to Predict Today's 2nd Bitcoin Price: Number of Market Actors
The next way is to try to look at markets that release crypto currencies. So many losses, can be ascertained if the price will quickly skyrocket. But, you also need to be careful when knowing this number. Because, every information that you get, must be confirmed in advance.
How to Predict the 3rd Price of Bitcoin Today: Government Regulation
Government regulation of bitcoin also directly affects the value or price of this crypto currency. So, you can predict it from whatever conditions are being applied.
For example, the Korean and Chinese governments prohibit the circulation of currencies, so the resulting effect is a decrease in prices. EYE, If a company is more open and agrees with bitcoin like Japan, then the price can soar up
How to Predict the 4th Bitcoin Price Today: Literacy in Global Issues
When you want to predict the current price of bitcoin, you can also take it by digging up information related to bitcoin. Put an ear about issues that are emerging, whether positive or negative issues. Positive issues can impact on price increases because many beginner and seasoned traders are competing to buy bitcoin.
Whereas if the issue is negative, as in the previous example, namely government regulation which contains a ban on the distribution of bitcoin, then the price can drop. This is because many traders decide to sell bitcoin.