Good news for Bitcoin lovers! 33% upside seen in Bitcoin.

vinothkanna (29)in #bitcoin • 5 years ago

Bitcoin likely to move towards 4800 and 5500 in coming months.

Cryptocurrency News: Bitcoin Price Prediction - 2019. Today BTC Live Value 3591 USD.
Bitcoin Price Prediction – 2019

The below prediction is completely based on my technical analysis of Bitcoin coin charts (BTC USD) on using daily and weekly candles.

Weekly candlestick chart of BTCUSD is shown below. BTC is taking support at 200 EMA in weekly charts. Recently BTC has fallen from 6000 to 4000 USD in 2 weeks. We expect BTCUSD to retest 5800-6000 in 2-3 months (8 weeks to 12 weeks.)
Cryptocurrency News Bitcoin Price Prediction - 2019. Today BTC Live Value 3591 USD.

Daily candlestick chart of BTCUSD is shown below. As we have said that we are expecting a pullback towards 5800-6000. We see strong resistance at 5500 in daily charts as the 200 EMA is placed there.

Cryptocurrency News Bitcoin Price Prediction - 2019. Today BTC Live Value 3591 USD.
BTCUSD target price:

Support: 3200. Recent lows.

Resistance: 4800 and 5500-6000. (200 EMA in daily charts)

Targets: 4800 and 5500. 8 weeks and 12 weeks respectively.

Entry: Above 4120. Recent minor resistance.

Stoploss: 3200.

Risk: 1000 USD. Reward: 1350 USD.

Stoploss will be revised to 4100 as BTCUSD hits 4800. Targets will further be revised upon momentum.

(Note: The below Analysis is my personal view with over 5 years of experience. It is being shared for information for risk management of Bitcoin holding and not an advice to buy or sell bitcoin in short term. The analysis is for informational purposes only and does not constitute advice, recommendation or offer to buy or sell Bitcoin, any other cryptocurrencies or financial instrument. silkbitcoin is not responsible for any losses after the use of the current analysis. Invest wisely and only amounts that you can afford to lose.)

Earlier prediction on BTCUSD:
https://silkbitcoin.com/cryptocurrency-news-bitcoin-price-prediction-2019-today-btc-live-value-3591-usd/

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