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Author Topic: Bitcoin price analysis (daily update)  (Read 8120 times)

Offline ayatoslaw

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Re: Bitcoin price analysis (daily update)
« Reply #15 on: April 26, 2021, 09:26:40 AM »


Now Bitcoin is trying to survive the 52k support area, if it works, it will be very easy for bitcoin to go up to 55k and 58k area,
but if it fails to hold 52k area, bitcoin will test 48k support area again.

Note:
- Do Your Own Research
- Not Financial Advice

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Re: Bitcoin price analysis (daily update)
« Reply #15 on: April 26, 2021, 09:26:40 AM »

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Offline Nikawe

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Re: Bitcoin price analysis (daily update)
« Reply #16 on: May 06, 2021, 01:30:50 PM »
Bitcoin, the world’s largest cryptocurrency, is yet to recover from the massive depreciation it noted back in mid-April, a depreciation that pulled the crypto down from near $65k to $50k. While BTC has since recovered, the said recovery isn’t yet complete by any means. In fact, over the last few trading sessions, corrections seemed to have set in again, with the crypto trading at $54,621 at press time.

Offline Pluto25

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Re: Bitcoin price analysis (daily update)
« Reply #17 on: May 07, 2021, 08:00:28 AM »
Bitcoin, the world’s largest cryptocurrency, has traded within a $10,000-channel range for the past two months. While the king coin did register an ATH of close to $65k back in April, at the time of writing, it was well below the same, valued at just under $59,000.


Offline H2O

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Re: Bitcoin price analysis (daily update)
« Reply #18 on: May 07, 2021, 09:32:58 PM »
Bitcoin price starting to improve and it's highest maximum price now $58000 and when I invest in Bitcoin then price $56785 . But price pretty good situation.

Invest your own risk and before invest you should investigate deeply.


Offline sneakyboi

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Re: Bitcoin price analysis (daily update)
« Reply #19 on: May 08, 2021, 09:17:24 AM »
As you can see at the chart. Bitcoin's price is at sideways market for now around $58k-$53k area. If Bitcoin's price break $58k, this will surge up to $60k again or even reaching new all-time high. But if isnt, It will continue to fall into $48k. Also, this will trigger to a rise of Altcoins.



RSI is in the 50-ish area, so we really don't know what will be the price next week or the next day.

PS:

Do your own research, Not a financial advice.
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Offline sneakyboi

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Re: Bitcoin price analysis (daily update)
« Reply #20 on: May 11, 2021, 07:13:28 AM »
In my previous charting Bitcoin, If Bitcoin's price will not hold above $58k it will correct in the next support area which is $55-53k. And now, It will bounce back again to $58k as it is a sideways market right now.

As you can see the prediction is correct so it is great to buy at dips.



RSI is 32 so expect a bounce from these areas.

PS:

DYOR, Not a financial advice.
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Offline sneakyboi

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Re: Bitcoin price analysis (daily update)
« Reply #21 on: May 14, 2021, 06:36:57 AM »
As you can see at my charting, BTC really drops from its $53k support area and drop to $49k due to the Tesla FUD (about them not accepting Bitcoin in Tesla purchases and the IRS regulatory). I think is it a good dip to buy some BTC.



Still, Bitcoin's price is now holding at $47k support area and it is a good signal to buy if it holds in $49k area this week.

PS:
DYOR, Not a financial advice.
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Re: Bitcoin price analysis (daily update)
« Reply #21 on: May 14, 2021, 06:36:57 AM »


Offline Tnoy30

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Re: Bitcoin price analysis (daily update)
« Reply #22 on: May 14, 2021, 10:10:43 AM »
Bitcoin prices are falling dramatically. As easy as it is to say I think the only reason Bitcoin prices are currently falling. That's because Elon Musk, owner of the famous company Tesla, has reportedly sold bitcoin. So the price of bitcoin is going down every moment. However, the price of Bitcoin will increase in the future. Because Bitcoin has a lot of investors. Even if Elon Musk is not an investor, the cryptocurrency market will not collapse.

Offline sneakyboi

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Re: Bitcoin price analysis (daily update)
« Reply #23 on: May 21, 2021, 01:11:54 PM »
As you can see at the chart, BTC dump these last few days into the $30k major support area and it bounced back to the $40k minor resistance. We will be seing a sideways market here in the next few days before continuing its rise or fall. If it breaks the $41k resistance area. It will go up until $70k consistently but if not, expect a correction from $35-37k.



RSI is 47.77 which means it is quite unpredictable whether its gonna rise or fall.

PS:

Do your own research.
Not a financial advice.
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Offline sneakyboi

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Re: Bitcoin price analysis (daily update)
« Reply #24 on: May 22, 2021, 07:53:34 AM »
Bad day today in Bitcoin due to the another China FUD, Its price went from $40000 area to $35000 area. And we are experiencing another sideways here. As you can see at the chart. We are in a downtrend so we expect to bounce it to $39000 if no any news will come out. Once it breaks out, we will see again the $40k area.

RSI is a 39 it means we have a downtrend here, and we expect it to drop between $35-36k area.



PS:
-DYOR
-Not a financial advice
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Re: Bitcoin price analysis (daily update)
« Reply #25 on: May 23, 2021, 06:46:57 AM »
within $39,000-$41,000 range yesterday but was unable to force a breakout above this channel. Selling pressure returned and dragged Bitcoin towards the $35-mark. Naturally, the broader market followed suit and registered heavy losses over the lasts 24 hours. On the 4-hour timeframe, Bitcoin traded at the helm of its 78.6% Fibonacci level around $36,478. Another breakdown would see the market leader drop towards $30,000 and losing this level could have a catastrophic effect on its structure. On the other hand, a bullish outcome would be possible if BTC manages to break above the 61.8% Fibonacci level and $42,000.
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Offline ayatoslaw

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Re: Bitcoin price analysis (daily update)
« Reply #26 on: May 26, 2021, 02:16:56 AM »
Still not showing positive signs at small time frames,
but on a large time frame Bitcoin is still safe and still looks bullish.



Note:
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- Not Financial Advice

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Re: Bitcoin price analysis (daily update)
« Reply #27 on: May 26, 2021, 06:35:53 AM »
As you can see, BTC's price action is going sideways. But if we hold at $39k - $40k this week, We can say that this correction is over and we can say that it is going to rise.

RSI at 57 so we might expect a minor dip here, before it surges off the $40k area.



PS:

-Not a financial advice
-DYOR
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..PLAY GAME..

Offline ExtraPoint

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Re: Bitcoin price analysis (daily update)
« Reply #28 on: May 29, 2021, 08:06:40 PM »
Bitcoin Price   $33,953.64
Price Change
24h
$-1,943.30
5.41%
24h Low / 24h High   
$33,872.18 /
$37,234.50
Trading Volume
24h
$47,718,759,900.35
5.35%
Volume / Market Cap   0.07543
Market Dominance   43.19%
Market Rank   #1
Bitcoin Market Cap
Market Cap   $632,661,838,023.08
6.59%
Fully Diluted Market Cap   $709,669,911,154.09
8.51%
Source: https://coinmarketcap.com/currencies/bitcoin/

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Re: Bitcoin price analysis (daily update)
« Reply #29 on: June 02, 2021, 04:59:12 PM »
June 1


 BTC market has established support at $34,330 which visibly has been a strong trading range in the current period. This meant the traders will support the price at this stage preventing a large drawdown. This could offer a chance for BTC’s value to turn around and test resistance at $40,618

 

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