Bitcoin Price Prediction Today
Bitcoin Price Prediction: In all cryptocurrencies bitcoin is one of the most famous electronic cash. Bitcoin is a decentralized currency.
Decentralized.. ? Yes it is. Decentralized currency mean there is no any central bank or any intermediate.
Bitcoin follow peer-to-peer system, and it is an open source system developed by “Satoshi Nakamoto”. Bitcoin allows to send payments online from one person to another without any third party or central financial institute.
You can pay online without giving your personal details. So all transactions keep private until owner do not publish his/her transactions. Bitcoin is very beneficial for merchants, because transactions made by bitcoin cannot reverse. So it protects merchants from potential losses occurs from online frauds.
Bitcoin Price Prediction
BTC price chart is showing sideways trading. Price is continuously fluctuating around 50EMA. Bitcoin movement is very tight. It looks price is confuse, but trend lines and support $5834 making a decision structure. If price breaks above then finally we can expect upward movement of price.
But if price breaks support level and remain below the level then might be possible bitcoin price reach at $4500. Bitcoin daily and weekly trend is down. Short term traders can get benefits from bitcoin down movement.
Bitcoin trend is up only If you are long term trading or want to hold bitcoin for long time.
Unexpected moves of bitcoin price also expected. Bitcoin is repeating its structure again and again. We analyzed and found that bitcoin price movement is very clear.
In past bitcoin price increased and BTC created a new high. After that price made a correction (corrective wave) and again created a new high. BTC price was continuously creating new higher high structure.
But now now BTC is unable to continue its previous pattern. Don’t worry…
Have a look at big picture. Highest level of bitcoin is first wave and next portion is corrective wave. Isn’t it ?
Yes it is. So after every correction wave there always a impulse wave. So we should remain active, because no one know which is the right time when bitcoin price might increase.
Then i applied bollinger bands,RSI & MACD on bitcoin chart. These indicators are showing that price is in pressure and market is trying to decide which direction should it choose. For now its hard to tell exact direction of market. But…
According to candlestick analysis there was a big drop in bitcoin price previous days and price reached a very low level. Bollinger bands are also broke by candles and know currently bitcoin price is coming back in lower band of bollinger.
Price action is showing that price is under decision mode and inside bar pattern is indicating price may go up or down to continue its trend. There are huge chances that price may increase from that level.
According to our wave analyst (Sharjeel), currently marketing is trying to complete its wave 4. If bitcoin price completes wave 4 and then we can expect upward movement. Its very clear from figure that price will come up again after completion of wave 4. And almost wave 4 is completed.
Oscillators are showing that bitcoin will go down little bit before a bullish move. Moving averages are showing that bitcoin price will increase.
It is clear from technical indicators bitcoin price will increase in future, but we have to keep it mind that price can go down little bit before bullish movement.
There are eyes on a big event which can give a boost to bitcoin and also other cryptocurrency coins. We have to wait for decision of US Securities and exchange committee (SEC)’s on approval of bitcoin exchange traded funds.
But i might take a long time (up to February).
Binance is planning to open its offices in UK and Singapore. This big news can effect on bitcoin’s future price a lot.
What Do Top Bitcoin Analysts Predict ?
There are some crypto analysts, but i would like to call them crazy analysts. Actually they analyze situations and predict some unbelievable results. But…
Thing is that, their results are very accurate and meet most of the times. May be you know most of these analyst already.
Thomas Lee one of them. He is famous bitcoin investor as well as co-founder of a research company, Fundstrat Global.
He predicted, bitcoin price will increase once again. According to Thomas Lee bitcoin will reach up to $25,000 in year 2018. Moreover he also provided long term prediction about bitcoin. According to him bitcoin will reach up to $1,25,000 in year 2022.
Max Kiser is another famous analyst. He bought his first bitcoin when price of bitcoin was only $3, that’s why he also known as early bitcoin adopter.
He predicted same results as Thomas Lee. Max is expecting bitcoin will reach up to $28,000 in 2018. If you stay long term with bitcoin then there are huge chances that bitcoin will reach $100,000 in next up coming years. According to many experts bitcoin is bubble and will burst soon. But Max Kiser prove them all wrong so many times. He share a chart and shown that how bitcoin price actually increase. He said price will follow this pattern and one day bitcoin will reach $100,000.
Third most bullish person on bitcoin is John McAfee. He is a business man and a programmer. Most of us know about an anti-virus whose name is McAfee. He is also owner of this computer security company (McAfee).
So in a tweet he shown his seriousness about bitcoin. Many times he said bitcoin will hit $1000,000, but last year he declared bitcoin will hit $500,000 in coming years.
Bobby Lee is the found of china’s first bitcoin exchange as well as (board) member of BTC foundation.
Boddy predicted bitcoin might hit $1 million very soon. He predicted bitcoin price so many times and previously he said bitcoin might touch $17,000 to $50,000.
Trace Mayer is gold investor as well as he was also first person who started recommending bitcoin in 2011. Most important thing is that price of bitcoin was only $0.25 at that time. No one thought about bitcoin at that time, but he did.
Trace Mayer said bitcoin might hit $115,000 at the end of 2018. So its big prediction for this year (2018), and yes also its crazy to think bitcoin will hit $115,000 in 2018. But Trace Mayer proved him self in past when no one was writing about bitcoin.
Kay Van-Petersen is analyst. He is analyst in Saxo Bank. Last year he predicted that price of bitcoin will reach up to $2000, and you know well that price reached at that level last year even more increased.
Now he predicted that bitcoin might hit $100,000 in 2018.
Bitcoin Price Prediction
After analyzing today’s scenarios we have concluded the results which are:
Bitcoin Price Prediction Today: $4000
Bitcoin Price Prediction 2018: $5,000
Bitcoin Price Prediction 2019: $25,000
Bitcoin Price Prediction 2020 – 2022: $100,000
Bitcoin is the first digital currency,that’s why people trust more than any other crypto coin.According to top bitcoin experts and analysts bitcoin is bullish. Short term analysis shows bitcoin will remain bearish. But bitcoin is bullish if you want to invest in bitcoin for long term. I’m expecting, bitcoin will hit at least $10,000 again in 2018. Fundamentals for bitcoins are also very strong. Binance exchange is opening its offices in Singapore and UK which is positive point for bitcoin boost.
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