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, Bitcoin: Where will it break? Above or below?, Forex-News, Forex-News
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Bitcoin: Where will it break? Above or below?

7
, Bitcoin: Where will it break? Above or below?, Forex-News, Forex-News


, Bitcoin: Where will it break? Above or below?, Forex-News, Forex-News

Bitcoin has been sentenced to a narrow range since Tuesday since it lost much of its rise in price to the all-time highs reached last Sunday.

And, as I said in the previous report for EnQuéInvertir, we were in a range between $ 48K to $ 52K and it is that if the support of $ 48K was not respected again (after several tests), we would return to $ 45K or more. down…

“We are in a range between $ 48K to $ 52K. If we lose the $ 48K, the $ 45K awaits us… back at the beginning of the week ».

Within a few hours after publishing that report, on Thursday, the $ 48K was beaten and we came to visit $ 44,300. And so we are still: between 45K to 48K. Narrower the range.

When it’s 7:50 p.m. Spanish, the price of BTC is around $ 47.2K… in a Lateral Sway and wondering: where will it break? Above or below?

Let’s find the answer.

Here are our indicators, and those of other analysts, for the future forecast to take into account for the possible trend of the most prominent cryptocurrencies.

Bitcoin forecast

Advance charts valid for Bitcoin and other currencies that maintain a high correlation with this mother cryptocurrency …

A- Medium Term (Weekly)

Medium-term Bitcoin trend

It seemed very strange to us in previous reports, we said, how this graph was drawn: and even with the rises that Bitcoin enjoyed; and it was for something … these weekly falls. Now, worse: it looks ugly.

We are bullish as long as the brown line above lasts and that it does not give way or make a threat of heading … if so, if there is any significant change, the one who subscribes here, and signs above, usually leaves updates of this indicator in its Twitter… And will report on it.

B- Long Term

, Bitcoin: Where will it break? Above or below?, Forex-News, Forex-News
Long-term Bitcoin trend

In Lateral-Bullish and do not miss, we said last Saturday. But let’s look at the break on the right side … almost at the end of the chart, hopefully its drawing does not continue in a bearish turn.

We will have to follow him closely. So far it has not failed us: it marks this upward path for the Long Term since July 2020 … although it begins to show a slight hint of warning so that this trend can be lost.

Less likely to vary than the previous graph / indicator.

Other forecasts

In the Swiss market, the current positions open by large investors are as follows …

Watch out for this: it continues to mark the green band above 70%… but it has lost almost a couple of percentage points in the last few hours. This marker from the large Swiss market is giving us a lot of reliability.

For Bitcoin and, also, Ethereum can be followed in real time (even on weekends) in the last link of this Post.

Note: We must bear in mind that for there to be a permanent downward turn or serious debacle type: the green bar would have to be close to 25%.

Also, leading analysts, believe and maintain that the lowest price for Bitcoin for the future will be (at least) in the 42.245 USD.

And the highest price predicted by the same experts? It would be up to 61,374 USD… Stretched bullish projection for the next few days, if it occurs.

Infinite targets (and less) continue to be published for the price of Bitcoin. We remain cautious and continue to prefer to refer to the previous two paragraphs. Let’s go little by little.

For Trading we take into account the following fees as supports and resistances:

  • (R3): 52,087
  • (R2): 50,190
  • (R1): 48,261

Pivot Point: 46,364

  • (S1): 44,435
  • (S2): 42,538
  • (S3): 40,609

And now a look at the always-often “Fear” indicator:

In retreat … trust.

Let’s review other Cryptocurrencies and what other leading analysts predict about them

Ethereum (ETHUSD): Many shocks given in recent days by this coin. Your price right now for the $1,505.

They show, the gentlemen of WalletInvestor, the end of the correction-fall shortly, or it could already be terminated.

For Trading they suggest:

  • (R3): 1,682
  • (R2): 1,620
  • (R1): 1,533

Pivot Point: 1,470

  • (S1): 1,383
  • (S2): 1,320
  • (S3): 1,233

For the lowest price they predict: 1,283 USD. And the highest price: 1,870 USD.

Binance (BNBUSD): Cutting, also this crypto, the price in recent days. Let’s see…

Well, very volatile, the next few days are expected before it returns to the bullish path.

For Trading they suggest the following border values ​​to take into account:

  • (R3): 264.36
  • (R2): 251.28
  • (R1): 236.47

Pivot Point: 223.39

  • (S1): 208.58
  • (S2): 195.50
  • (S3): 180.69

For the lowest price they predict: 178.10 USD. And the highest price: 416.06 USD.

Conclution

Cryptocurrencies, more specifically Bitcoin, are torn between life and luck; as seen in section A and B: our leading charts / indicators. The A does not look good at all. The B is still holding bullish, although it marks totally lateral and pitched down as well.

Luck, good or bad? Because there are both. And there it is … to call it something: because there is the bullish sentiment of its followers and a possible reality in the making that could be not so good. We insist, seen what is seen.

Apparently, thanks to the Swiss, it is saving us from reaching the support that they have dubbed Tesla: the $ 43K. The support of 48K was lost and it works lower than the psychological one of $ 45K … it works because it is where, apparently, the big ones come in to make about $ 3,500 and out, again and again they leave.

But if we go to the Infallible indicator, which increased during Thursday and more after we published, it gave us the warning of the possible loss of the aforementioned support of $ 48K (and more) as it had a greater considerable increase:

And so it was, even with the Infallible in the buying zone … but if it increases, logic prevails, it is worse for the price of Bitcoin, since it works inversely. Here the whole sequence of comments / announcements on Thursday night.

But the problem is that it continued to increase yesterday: until leaving the shopping area and entering the sales area and ending its percentage value (not updated on weekends) at 44.8%, very high; yes, we expect the worst.

Regardless of whether in the next few hours there is a rebound in Bitcoin (very likely to occur) or not … we will have to be attentive to how it updates, again, from tomorrow night.

Do you remember the graph that showed you since January as a possible big fall according to the prediction of the WalletInvestor gentlemen? Here is a comparison, so far:

They look alike. Is the fall over or is there still? It should be borne in mind that the first graph (prediction) is 8 years and the second (real) 5 years: if both were 8 years, the second would see the decrease on the right side smaller … yes, the one that occurred since last Sunday.

Take this opportunity to remember our YouTube channel… where you can follow the Infallible + 3 more indicators from Monday to Friday (24 hours). It would be good if they were subscribed so that they would receive the notification automatically, when we are in emission each week.

Much, much caution, and our best wishes for your Trading and / or investments.

The author reserves the right to reveal what graphic and indicator material he uses. Just note that Moving Averages are used: although it may not be based on the Bitcoin instrument, although it does serve to predict its trend.

You can follow automated analysis (Real Time) of cryptocurrencies here.





, Bitcoin: Where will it break? Above or below?, Forex-News, Forex-News

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, Bitcoin: Where will it break? Above or below?, Forex-News, Forex-News

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