Analyze charts: what will happen to the price of Bitcoin after a Bitcoin hard forks Cash
Source:seems to not render almost any influence on the price of Bitcoin. It remains stable, like a few months ago. However, some experts suggest that after November 15 the new money will flow into Bitcoin. If this really happens, the main cryptocurrency can grow up to 7200 dollars in the shortest time possible.
the1-weekly chart
Despite the slight drop in smaller scale, on the 1 day chart, Bitcoin still looks good. Cryptocurrency is still in «green zone» — in the past months, it has not fallen below important level of support of $ 6,000.
Moreover, last week the asset has gone beyond the borders of the main downtrend line, which dominates the market in April. However, contrary to expectations of many investors, this event did not cause an explosive growth of the first cryptocurrencies.
image Source — NewsBTC
In this situation, long-term investors can buy BTC at market price, and take profits just above $ 7,000. According to NewsBTC, to talk about the beginning of a full bullrun as it was last year. The further price movement of the asset will depend on market reaction to the opening of trading on the Bakkt and possible adoption of the cryptocurrency of the first ETF.
the1-day graph
The scale of the 1-day chart Bitcoin is in a tight horizontal channel, which remains valid since the beginning of the summer. For traders, this situation is unfavourable because trading without clear trend on a chart is very difficult.
image Source — NewsBTC
The Result — you'll have to accumulate cryptocurrency (no margin trading). To open a large, long shoulder can be confident after overcoming the line of 6800 dollars. In this case the first target for fixing the profit will be the level of 7200 dollars.
Details about margin trading and its features, read .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Grow: the number of cryptomate in the world has increased to 4,000 pieces
One of the most accurate signs of mass adoption of Bitcoin — the prevalence of cryptomate all over the world. On the eve of their number reached 4,000 pieces. ATM for Bitcoin can make the crypt more accessible to ordinary people w...
Bitfinex has increased the fee for withdrawal. Now exchange is not profitable PayPal
to Convert the crypto to Fiat is not cheap, at least on Bitfinex. This Sunday the Hong Kong stock exchange updated its policy regarding commissions. Now traders will have to pay three percent of the frequent insights from the trad...
Hasrat of Bitcoin fell by 13 percent. Blame "Satoshi"
on the Eve of Hasrat Bitcoin experienced the most serious decline in this year. In just 24 hours it has dropped from 54 to 47 aksaka per second. The average value Hasrat 7 days start to decline rapidly from 4 November. The exact c...
The investigation into the hacking NiceHash. There are new details
NiceHash, along with law enforcement US, EU and LIFARS are still investigating the break-in site, which happened on 6 December 2017. Then the hackers stole . Recently, they have been able to determine the origin of the hacking, so...
NEM has grown by 25 percent. The cryptocurrency has again added to Coincheck
In the vastness of the stock market held a regular pump. This time the coin for became the New Economy Movement (NEM), which is displayed under the Ticker XEM. Just a couple of hours the price of bitcoin has increased by 25 percen...
Resourceful miners found a way a substantial reduction in price bitcoin mining
bitcoin is always fraught with honest costs in terms of money and environment. Representatives of the Northern Bitcoin claimed that they managed to reduce the costs due to inactive metal mining mine in Norway. The company expects...
"The first cryptocurrency state" Detention was 100% Scam
Our work draws on all sorts of adventures, which promise untold riches. It would seem that only died down a funeral volleys -2011, 2012 and even MMM-Global, as everyone rushed to get into a new one . We never stopped believing dou...
FAQ: everything you need to know to the beginner about cryptocurrency exchanges
the crypto currency exchange is the natural habitat of the majority of investors and traders in digital assets. According to Coinmarketcap, their number has already exceeded 15 thousand and continues to grow every day. Today we wi...
Anonymous bought a million litecoin. Now he owns the biggest LTC wallet
last week, the Litecoin network has processed one of the largest transactions in its history. Someone bought 1.15 million coins LTC totaling $ 61 million. It is noteworthy that amounted to only 50 cents. The news appeared on Twitt...
Joe Lubin: on the distribution of the blockchain will take more time than on the Internet
Creator and co-founder of Ethereum Joe Lubin told the journalists of the German t3n resource about the similarity of development of blockchain and . However, the situation with the first technology is a bit more complicated, so th...
Cryptopia: no attack 51% was not. Then where did the money go?
Team AurumCoin argues that the exchange will never recognize where 16 thousand AU token was sent to someone else's wallet. At the time of writing, the amount was equivalent to 334 thousand dollars. Theft token-caused the community...
Another attack: Bitmain has lost $ 5.5 million because of an unknown hacker
in Addition to the difficult financial situation, Bitmain also has serious problems with hackers. Recently in the district court for the Western district of Washington there was a lawsuit in the case of an anonymous hacker who sto...
How to prepare for the hard forks of Bitcoin Cash. Four tips
If you're worried about hard forks Cash and their savings in BCH, I advise you to first understand a couple of important terms. The procedure itself is not so terrible as it seems at first glance. Today we will clarify four things...
John McAfee has no doubt in Bitcoin for a million dollars until 2020
John McAfee is not going to give up — he's still in for a million dollars. Not sometime in the future, but strictly up to 2020. It is noteworthy that now the main digital asset is trading at a 72 percent below the famous « Mc...
The opening of the week: is it worth the long trades Ethereum right now?
the Price of Ethereum moved into the consolidation phase after the recent rise to $ 220. We will remind, on the eve of the cryptocurrency managed to break through some major resistance levels, but it failed to gain a foothold abov...
BAT fell to 28 percent. What is Coinbase?
on November 8 for a 48-hour period Basic Attention Token (BAT) fell by 28 percent after the listing on Coinbase. A sharp drop althena began on Friday, the chart of the asset has formed a clear downward trend, which still remains i...
Typical China: the principal was fired for illegal mining
the BBC reported on the dismissal of the Director of the Chinese middle schools in Hunan province. Lei Hua in the period from 2017 to 2018 installed in the school by eight stands for mining. This was told by the staff of the insti...
Sunday Evening is the best time to summarize the week. Remember the last loud new products from Bitmain, the forecasts for the exchange rate of Bitcoin and adventure mountain-millionaire from California. Also militiamen found the ...
Comments (0)
This article has no comment, be the first!