Bitcoin Price Prediction 2018: $28,000 this year?
Bitcoin price prediction 2018: Every single person have a lot of questions about bitcoin. Will bitcoin reach $1000,000 or $25,000 or $28,000 this year (2018). So lets analyze all scenarios and study some fundamentals to find bitcoin future price for 2018.
Bitcoin Price Prediction 2018
What do you think about bitcoin? Is bitcoin a bubble or a rocket ? Answer is rocket. How ?
70% experts thinks bitcoin price will more than $100,000 in up coming years. Do you think current situation (price) of bitcoin is painful for investors ? Yes for now it seems painful. But…
I think it is growing pain.
Price do not increase directly, over night. But yes it increases with corrections. Bitcoin also have this situation. Bitcoin price increased but could not manage its peek position, because bitcoin have to maintain market pattern. Currently bitcoin price is showing correction position. So technical analysis are showing strong up direction movement of BTC price. How ?
Have a look at different technical analysis.
Bitcoin Price Prediction 2018 using Pivot & Resistance Support Levels
I applied pivot and resistance support levels on bitcoin price chart (Monthly). Currently price is trading below the pivot level. Once bitcoin price tried to break pivot level but could not maintain due to low demand and high supply. So that’s why price proved it fake break out. Currently market is trading between pivot and support level 1(S1).
There are chances price might go down till S1 ($3228.12) according to pivot and support levels.
Bitcoin Price Prediction 2018 using fibonacci retracement
After applying fib levels on bitcoin chart, i noticed price already broke 0.618 level. Mostly 0.618 is a reversal level, but BTC chart did not respect that fib level and broke it. 0.760 is next reversal level. I’m expecting bitcoin price might reverse from 0.760 fib level ($4951.87).
Bitcoin Price Prediction 2018 using Structure and Trend
BTC is still in down trend from December 2017 or January 2018. BTC price chart is showing that price made a low at $5873.00. So to continue its lower low pattern price moved in upward direction and again came to down to made a new low at $5777.00. This pattern confirms a down trend because price is making new lower low structure.
But now look at the current structure…..
After made new low at 5777.00 price could not make any new low till now and price is very tight now. It seems demand is increasing and bitcoin is changing trend from down to up.
So current situation is completely bullish for bitcoin.
Also Read: Bitcoin Price Prediction Today
Technical strategies and indicators are indicating that bitcoin might go more down. Pivot and resistance support levels are showing that price might go down up-to $3228.12. Fib levels are also showing bearish movement for bitcoin. But…
Trend analysis and chart pattern (higher high and lower low), is showing that price is changing its trend from sell to buy. Price is tight currently and market is deciding where should it go? So these indications are pointing toward bullish movement of BTC.
Final words about bitcoin technical analysis are that, bitcoin can go further down till $3228.12/4000, if price goes below $5777.00 level.
If price do not go below $5777.00 then there are high chances that bitcoin can go up to $10,000 easily this year (2018).
BTC Future Trend?
Cryptocurrency expert’s expectations are very bullish. According to Thomas Lee, Max Kiser, Bobby Lee, Trace Mayer and Kay Van-Petersen bitcoin price prediction 2018 is range form $20,000 to $28,000.
Now some educational institutes are accepting bitcoin as course fee. This is big thing, which can effect on bitcoin price in future. You can get big benefits from bitcoin, if you hold bitcoin for long term.
France’s Financia business school offers financial and blockchain courses. They announced that they will receive course fee in bitcoin too. Students can pay fee in cryptocurrencies. Half dozen students got admission for 2018 classes by paying BTC.
This is very beneficial when you are analyzing bitcoin future trend. In future for sure other institutes will also accept cryptocurrency ,as that institute is accepting BTC and other cryptocurrencies. In coming years there will more than 50% institutes will accept cryptocurrency for courses enrollment.
How will it helpful for us to analyze bitcoin future price ?
So educational institutes might accept BTC, if it happens, demand will increase and bitcoin price will increase in future.
But keep in mind this is long term analysis.
In blog post CEO (Nejc Kodrič) of Bitstamp stated that:
Bitstamp has been regularly approached by suitors for quite some time. The reason why we finally decided to sell the company is a combination of the quality of the buyer, the quality of the offer and the fact that the industry is at a point where consolidation makes sense.
So will this news effect of bitcoin price ?
Yes or may be No… Because
CEO said Bitstamp will remain Bitstamp, business will remain as usual. So there will no effect on bitcoin price, if Bitstamp runs same as this was running till now. But definitely bitcoin will be effected if company could not provide services as they were providing.But effect will not very big.
Bitcoin Price Prediction 2018
After analyzing all scenarios and fundamentals I’ve concluded the result:
Bitcoin Price Prediction 2018: $10,000 – $28,000
Technical indicators and strategies are showing that bitcoin is in decision mode. Fundamental analysis are showing bitcoin price will definitely increase in future. But when? No one knows. Definitely you should keep bitcoin in your wallet or should buy bitcoin now ,if you are a long term trader or want to hold bitcoin for long term.