Analyze graphics: when Bitcoin will grow to $ 7,000?
Source:
Soon Bitcoin can please investors with its rise in price. The main cryptocurrency attracts more attention due to breaking key of the triangle on the chart.
The Overall situation looks like this:
the-
the
- the probability of forming a new uptrend is growing every minute because of the breakout of the triangle;
Bitcoin price konsolidiruyutsya within the boundaries of the upward channel;
The arrival of bulls in the market proponit coin until at least $ 7,000.
Now Bitcoin is trading at $ 6620. For the past day, the value of the asset barely changed.
theTechnical analysis
Yesterday, on 4-hour chart, finally took a bullish crossover of two moving averages. At the moment, the 100 SMA is above 200 SMA, so the price is likely to go up following the path of least resistance. 100 SMA also now serves as a dynamic support.
However, the situation on technical indicators is not so optimistic. Stochastic has entered the overbought zone, indicating that depletion forces buyers. In the short term, Bitcoin may test the support zone of the upper line of the triangle.
The RSI is also pointing down, indicating that short sellers win. However, if the bulls still will be able to regain control of the situation, Bitcoin will be no more lines of resistance before stopping for 7000 dollars. In the long term, the break of the resistance zone of $ 7,000 will start the uptrend up to $ 10,000.
image Source — NewsBTC
Slow growth is a reason from the fundamental factors. Recently the CEO of Coinfloor Nwosu Obi announced that his company will pass through a series of reductions.
Coinfloor is going through the phase of restructuring to focus on providing the best service to our clients. Part of the restructuring are some changes and reductions in the departments of the company.
Analysis of the chart prepared in Bitcoin .
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 EOS by the end of 2018? Responsible traders
EOS is one of the most promising altcoins in the stock market. Many investors lay with the coin of great hope, although it is still not clear how this will affect the exchange rate in the coming months. Traders with Tradingview sh...
Rate Tron increased by 12 percent in a few hours. What happened?
Course coins Tron for a few hours grew 12 percent. It happened after the main developer of the coin Justin San in his Twitter announced the imminent release of an update for the network token Odyssey 3.1 and run Tron Virtual Machi...
Steep productivity growth: Ethash pools 2Miners got an important update
last week, the experts conducted a mass introduction of a new validation algorithm for all Eiropadome pools. We are talking about Ethereum, Ethereum Classic, Callisto, MOAC, Expanse, , ETP, Pirl, Ella, Whale, Dubai, Yoc and Aka. P...
Analyze graphs. Jump whether Bitcoin this week?
Bitcoin can break above the upper boundary of the symmetrical triangle at any time. If this really happens, the volatility of the asset will rise sharply. the Overall situation looks like this: the the the price of the cryptocurr...
Time billionaires: Forbes names the richest man in the industry of cryptocurrency
this year Chris Larsen hit on 383 place among the richest people according to Forbes. While Larsen was the first who accumulated his fortune exclusively through cryptocurrencies. According to the Forbes 400, as Chris Larsen reache...
Three factors that will lead to a big jump in Bitcoin in the near future
Bitcoin for a few weeks is between 6000 and 6500 dollars. On the one hand, it's good. This course, according to the analysts, will be an excellent base for the growth of the coin. However, it is difficult to predict when growth wi...
Four points: acne Buterin told about the progress of work on Ethereum
the Main theme of a recent interview with Vitalik Buterin the peculiarities of the functioning of the Ethereum Foundation. The founder of Ethereum asked to call «largest» the changes that occurred in the team over the pa...
Analyze graphs: grow Ripple this week?
the Launch and new partnership «fueled» news background around . However, the recent growth of the coin may be just the beginning of a global uptrend. While XRP is trading 18 percent lower than last week. However, very s...
What to expect from Bitcoin in the new week? Analysts forecast
last week traded in the range of from 6500 to 6700 dollars, becoming an example of firmness and stability. Low volatility has contributed to both good and bad news. It is their combination in the past seven days let the first cryp...
Developer: Bitcoin will not require hardforce to scale the network
the scalability of Bitcoin is possible without holding hardforce — it will be enough softforyou. This was stated by co-founder of Blockstream and well-known developer Marc Friedenbach. as a tool for soft scale network Friedenbach ...
Going home: two criminals extradited from the Philippines for fraud with Bitcoin
Two swindlers Asian nationalities will soon be deported from the Philippines in their home countries. The Prosecutor's office of China and South Korea want to get back their citizens and punish them to the fullest extent of the la...
Venezuela will issue passports for the Petro. But is there a coin?
the Citizens of Venezuela will now have to pay the state fee for the issuance or re-issuance of passports in the national bitcoin El Petro. The first service will cost 2 coins ($115), the second one (57.5 per dollar). The amount i...
Livecoin hacked? Users complain of problems with access to the exchange
Today the participants of the English-speaking chat pool complained of problems with access to cryptocurrency exchange Livecoin. When trying to download a website a sign announces a planned update, on which programmers work "in th...
Charlie Lee: Lightning Network fully corresponds to the original idea of Satoshi Nakamoto
yesterday in a series of tweets Charlie Lee explained the difference between transactions of Bitcoin and Litecoin. Mini-lecture the Creator of Litecoin took place almost immediately after the debate Whether and Roger's Faith in Tw...
The number of empty blocks in the network Ethereum increased by 637 percent before hardforum
In the last three months the number of miners empty blocks of Ethereum has increased dramatically. It happened after the developers announced the exact date for the hard forks . According to the senior scientific employee of the ...
In the cryptocurrency market has many successful projects — among them Bitmain, Circle and many others. But there are bad examples. It seems that soon their ranks will include Dan Morgado Fund Pantera Capital Management, the asset...
Will increase if the volatility of Bitcoin? The answer of experts
the Volatility of Bitcoin at the lowest level in the last 17 months. The reason — the lack of important news and low trading volumes. Some investors even believe that this evidence «formation» of the stock market. Howeve...
$ 2,000 for nine months. Three dollar Monero from analysts
Altcoins focused on privacy, has gained immense popularity not only among the scams, but also among ordinary traders. That is why recently on Tradingview there are many interesting predictions of the price movement . The three mos...
Comments (0)
This article has no comment, be the first!