BITCOIN (BTC) Short Term Price Prediction COOLING DOWN

BITCOIN (BTC) Short Term Price Prediction COOLING DOWN


Let see first what we said last time 
"As we said before there is a lot of strength on BTC to go up and it did it, Volume is very high and it is following our ascending trend line and with the volume hike it passed $8000 level and now support becomes $8000. Currently trading close to $8400  and if it can hold it around $8000 level then it can go up to $8500 resistance level. Lots of buyers are in the market pushing BTC and if it gets rejected at resistance level then downside movement up to support level of $8000 or even to $7750 level. We need to watch it out carefully."

BTC / USD Daily Chart 

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Today BTC reacted to FED news very positively and the price goes up to $9500 but it did not stay at that level for a long time. At the moment definitely some weaknesses at the BTC market and has a lot of sellers and buyers trying to keep prices up, It is still following the ascending trend line and which is a good sign of strength. Resistance stays at $9200 level and if sellers win the battle then support level is first $8500 then looks like the next support is $8000. Keep in mind weakness at the BTC market and expect lover prices gradually.

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skyislimit
skyislimit

Dentist since 1985, Oracle Developer DBA since 1998 and trader 2000 and up today. I try to give my best future price predictions on certain coins and I do trade same way.


CryptoCoin Predictions Series Short Term
CryptoCoin Predictions Series Short Term

I will give you my ideas about certain coins and my trading strategy about the future I just want you know that i am not a financial adviser and any information i give in here is my personnel opinion . If you follow me regularly i will post updates and future predictions about coins i hold and trade . My price predictions are short and not detail ( since i do not to bore anybody with long readings )

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