Tag Archives: bitcoin price forecast

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of BTC/USDBitcoins worth 313 million USD were withdrawn through Bittrex.The SIX platform has added a derivative on the BTCOn W1, the Bitcoin continues the descending tendency inside the previous channel and has already reached 61.8% fibo. The next downside target may be 76.0% fibo at $5710.00 and the long-term low at $3121.90. the resistance is close to 38.2% fibo at $9760.00.On the MACD and Stochastic, the MACD histogram remains...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBitstop is propelling the Bitcoin terminalsThe BTC will become successful only if it is used in real life — BakktOn W1, the Bitcoin keeps developing an impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth balancing the price. Perhaps the new ascending impulse coming soon will not be as large, however, before that we will see the renewal of the minimum. The...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe Bitcoin miners become fewerThe BTC cannot replace the dollar — LaneOn W1, the Bitcoin is developing another impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth, balancing the price. It might be that we will not see any new impulse of growth until the minimum is renewed. The bearish behavior of the price is aimed at 61.8% ($7230.00) and 76.0% (5700.00)...

The next Bitcoin halving remains the predominant story of bulls hoping for huge price gains. The popular line of thought is that the price of Bitcoin could increase, as crypto enthusiasts warn of an increase that adds to the pressure on prices. However, its price may increase.The expected halving testifies to this dream and its coming in the blockchain of the BTC in May, while several hodlers anticipate an increase in prices. On the flip side, the price may continue to drop to $8,000....

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBrexit helps the BTC – Easy CryptoChina does not consider mining unwanted activity anymoreOn W1, the Bitcoin is trying to secure above the resistance line it has overcome. This might mean that the market players are waiting for yet another impulse of growth to the local resistance at $11321.00. However, growth to the main peak at $13857,20 in neither excluded.On the MACD, the histogram is still in the...

Growth in the crypto market is almost always measured by price trajectories and the likelihood that an asset would find adoption, consequently increasing its price. With Bitcoin being the asset with the largest market cap and consequently the highest priced and strongest market dominance, the cryptosphere is almost always waiting for a Bitcoin price surge.In the midst of all the bullish predictions that usually trail Bitcoin, Changpeng Zhao who is the CEO of the world’s largest crypto...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe US authorities could influence the BTC rateOpera has started supporting the BTCOn W1, the Bitcoin keeps developing a downtrend inside the previous channel. The quotations have neared another target level of 61.8% ($7215.00) Fibo. Upon reaching this level, the quotations will be heading for 76.0% ($5700.00). However, the main goal of the mid-term wave is the long-term minimum of $3121.90.The last...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Technical analysis of the BTC/USDA massive attack may kill the BTCBitwise is counting on a positive decision of the SEC on the Bitcoin ETFOn W1, the Bitcoin keeps declining inside a correctional channel. The quotations are currently returning to 50.0% Fibo. A breakaway of the resistance level at $9850.00 may signal the end of the correction and the beginning of a new impulse of growth to the maximum of $13857.20, upon...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD Tech AnalysisBTC demonstrates the worst result of all cryptocurrencies this weekBank of Canada thinks the BTC to be inefficientOn W1, the Bitcoin quotations have escaped the Triangle and keep declining inside the correction channel. Now, the quotations are between 50.0% and 61.8% ($7350.00) Fibo and may continue declining to 76.0% ($5860.00). A breakaway of the resistance level at $9850.00 may signal the end of the...

One of Germany’s biggest banks, Bayern LB, has just published a report where it pitched Bitcoin against gold, with a very bullish conclusion. According to the Munich-based bank, Bitcoin price will hit $90,000 by 2020, more than 4 times its current all-time high and per the report, the bank believes that Bitcoin will do much better than gold, especially after the upcoming halving next year.In the report titled “Is Bitcoin outshining gold?”, Bayern LB considers the stock-to-flow (SF) ratio. The...