We are starting out new WEEKLY long term prediction series with the top 10 cryptocurrencies. We will give you our thoughts about coins in a weekly period and let you know what we do expect that week. Daily still fluctuate up or down and we will be informing you of our SHORT TERM Daily prediction as usual too.
Now let's talk about BTC in long term ( weekly ) . In order to give you weekly prediction first, we need to look at
BTC /USD Weekly Price Chart
Every week BTC is closed higher than previous week closing, we see this situation almost last 6 weeks and it is trading over ascending trend line every week continuously. Volume is almost steady and some weeks higher than previous but never going down noticeably. $8000 is every very strong resistance for BTC and needs a lot of volumes to break this level. If we look at the monthly chart of BTC we see that there is no interest to break the $8000 level.
There's a strength on BTC as long as it trades $7000 and over . Until it breaks $8000 level we can not say Bullish trend starting and until that moment it will trade in the channel of $7000 support and $8000 resistance level. $8000 is the point that definitely we need to watch out very carefully.
Register Atomic Wallet and join to Airdrop campaign. Register below and earn 10 AWC coin
Install BRAVE Browser and earn BAT tokens for surfing
The FinNexus launch sale & #FNXOnBitrue is coming! Celebrate with 5 exciting events!