rise to a price between 100,000 and 200,000 by the end of 2020 or early 2021. It was assumed yesterday that the price is likely to fall again to the low of 6,000 because it is the support level of price. On December 3, the 12-day EMA resisted the crypto's price and it fell to the low of 3,273.99 and price made a pullback which was resisted by the 12-day EMA. Traders are to look out for buy setups so as to initiate long trades as the price has reached the oversold region. Daily Chart Click here to see the full Bitcoin Daily Chart by Trading View At current spot rates, Bitcoin prices are oscillating within Aug 17 high lows and most importantly within Aug 13 inverted hammer. The bears were in control of the market forces. A trend line is drawn to determine the duration of the trend.
Will bitcoin reach 10000 again
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Author: Dalmas N Bitcoin (BTC) Daily Price Forecast: July 30, 2018 BTC/USD Medium-term Trend: Ranging Resistance levels: 8,200, 8,300, 8,400 Support levels: 8,000, 7,900, 7,800 Last week, Bitcoin price reached the high of 8,490.84 but retraced to the low of 7,824.38. It traded and closed at a price of 6,708.01. First, BTC/USD is bearish. "The scam called Bitcoin". The price of Bitcoin is now ranging above the 3,900 price level. Tool is that in an uptrend when price retraces from the recent high, it will find support in one of Fib. Yesterday, the crypto's price was in a sideways trend in the previous day before it encountered a bullish trend that broke the 12-day EMA and the 26-day EMA. Remember, prices are moving within a strong two month bear trend with reliable buy triggers at 7,000 which doubles up as April lows.
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