A BTC price prediction at 3900 by the end of February 2019 coincides with the current price level of 50-day exponential moving average, with a current value of 3918. Tags Bitcoin price analysis Cryptocurrency You can share this post! Bitcoin price may have its high at 4,237 in case the demand level of 3,679 holds and the Bulls gained enough momentum. This Expert Is Standing by His 100,000 Bitcoin Price Prediction. The two EMAs are already closed together and the BTC price continues trading in between the 21-day EMA and 50-day EMA in which it serves as an indication that consolidation is ongoing on the daily chart in the BTC market. The bullish scenario is that price will be above the 4000 level.
Bitcoin Price Analysis: BTC/USD Trends
That average had put brakes on the sell-off in December and was followed by a corrective bounce to levels above 4,000. What is Bitcoin price prediction for February 2019 based on our technical analysis? BTCs inability to produce significant gains despite the RSI divergence indicates the bearish sentiment is still quite strong. The Bitcoin price prediction for the end of the month is 3,639.93. A violation there would establish fresh lower low and open the doors for a deeper drop below 3,000. The probability of BTC posting gains in February would improve if the 200-week MA, currently at 3,298, again serves as strong support. Bitcoin monthly price predictions based on technical analysis. Heres the Most Reasonable Explanation Why Bitcoins Price Surged to New Highs. Weekly chart, on the weekly chart, BTC has carved out a bearish-lower high above 4,000, reinforcing the negative view put forward by the downward sloping 10-week. As a result altcoins were also trading high. In other words, a range-bound trend bitcoin price 2019 february is evident, and Bitcoin shows a consolidation. Week First, in first week the bitcoin price remained between 3,300 and 3,500. That could yield a sustained rally to 4,000.
4 Key Bitcoin Dates to Watch For in 2019
If we had to choose a scenario about the forecast of Bitcoin price for February 2019, we would give a higher importance to the bearish scenario with the note that we would not bitcoin price 2019 february like to trade against the. BTC/USD Long-term Trend: Ranging. View, the probability of bitcoin ending its four-year February winning streak in 2019 is high, as the primary trend is bearish for the first time in the last three years. Photo:"Inspector, key Highlights: Consolidation movement confirmed on, bitcoin market; in case the 3,679 level holds, the bulls may take over the market; the break out is imminent. The leading cryptocurrency by market capitalization gained 16, 18,.5 and.6 percent in the second month of 2015, 2016, 20, respectively, according to CoinDesks. The coin was on the sideways movement on and around the 3,679 support level throughout last week after Bitcoin price retracement. A hike of 200 was observed in second week. The overall price trend was upward for the month of February. Bitcoin Price Technical Analysis 2018 Bitcoin price prediction.
As of writing, BTC is changing hands at 3,414, representing a 7 percent drop from the monthly opening price of 3,693. The January losing streak looks certain to extend to the fifth year running with a close tonight in the negative. Bitcoin price prediction for February 2019 Bullish scenario. The stochastic indicator (14,3,3) has bounced off the oversold level of 20 but still lacks any strength. If we compare it with previous week then it was trading above 3,600. Hence, BTC may have a hard time posting sustainable gains in the next four weeks.
Bitcoin Price Prediction February 2019 Will
Resistance levels: 4,237, 4,692, 5,600, support levels: 3,679, 3,247, 2,765, bTC/USD is consolidating on the long-term outlook. The follow-through to that trend reversal, however, has been anything but bullish. We will mention two Bitcoin price prediction scenarios based on the weekly and daily charts. BTC risks falling to December lows near 3,100 in the next few days. Further, BTCs failure to capitalize on a bullish bitcoin price 2019 february pattern on the 3-day chart indicates bearish sentiment is still quite strong. BTC/USD Medium-term Trend: Bullish.
The cryptocurrency, therefore, could soon revisit December lows near 3,100. BTC generally posts losses in January before putting on a good show in February. The momentum of both the bears and the bulls remain at equilibrium; that is the crypto was consolidating on and around the support level of 3,679. With 2018 finally over, the focus now is on what lies ahead for. Bitcoin bitcoin price 2019 february in 2019 after a year-long bear market. Mark your calendars and keep a watch for these events that could have a massive impact. Bitcoin price this year. Bitcoin price prediction for February 2019. Here are some monthly Bitcoin price predictions by some websites as a reference only: m has a monthly Bitcoin price forecast with a range of min-max as and a closing price of 3243. The probability of bitcoin ending its four-year, february winning streak in 2019 is high, as the primary trend is bearish for the first time in the last three years. Bitcoin(BTC) Price Analysis February 2019.
February Is Often Good for Bitcoin Prices, Will
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Bitcoin(BTC) Price Analysis - February 2019
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