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Title :  Here is Why the prices for Bitcoin Could be 4 800 us-dollar in the Next few weeks
Lasting :   7,6
User :  Vosida
Date of publication :   2019-09-07
Views :   639
Liked :   275
Downloaded once :   563


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Description Here is Why the prices for Bitcoin Could be 4 800 us-dollar in the Next few weeks

Here is Why the prices for Bitcoin Could be 4 800 us-dollar in the Next few weeks

The bitcoin price continued its rally on Friday, as traders were able to your mouth goals, 2018, the majority of the market, the price of 6 400$.

The BTC/USD pair has reached the $6,337 in the cryptocurrency exchange from Coinbase to a strong bounce higher, an increase of 102%. The pair, depending on the market, an analyst Josh Prager, was the test of the $6,427, such as resistance in the short term, while $6,345 was the provision of the necessary support for bitcoin is as follows potential, in the form of shares.

Prague has also stressed that the bitcoin weekly was RSI over 70 – is an area of oversold, for the first time since the 1. January 2018. The analyst said that the cryptocurrency needs is a setback that could neutralize the feeling in the market.

$BTC – More than $6300

Journal of the resistance back to the level of the support through the time, up to $6153 (red arrow)

The next resistance on the search is that the $6345 and closing over $6427 is bullish

Weekly RSI’t hit more than 70 since 1. January 2018, and the’s too fast

The needs of the retrospective

But the BTC has been in πŸ”₯ pic.twitter.com/Sk0nVXogT1

β€” Josh Prager πŸ“ˆ (@Josh_Rager) El 10 De Mayo 2019

The RSI decline in history

While the price of bitcoin is not far from arrival 6 $400 ish target, your potential for the expansion of the bullish momentum is low, at least in the medium term.

Bitcoin, the prices are Dramatically Neutralize Dropped their Weekly conditions of Overbought | medium-image: TradingView.com

The cryptocurrency of the history of the guardian, the extreme decadence of the chart every time the momentum indicator, RSI, associated with, in the overbought zone areas (more than 70) in a week. In case 1, we can see, to correct that the price of bitcoin, up 39.2 percent, two weeks after the RSI goes over 70. In the same manner, in case 2, the price of bitcoin is going through a downward correction, only a week after the RSI tips, 115.

Case 3 tell the same story: the bitcoin, the price is on its highest level of about 20 000 $on your RSI adventure deep in the area oversold. A week later, the decline in the price of 43.22 per cent., the RSI in the lower part.

These cases offer a great of evidence that the trader behavior in every moment, in which the RSI weekly pop above 70. Applied to the current situation and taking into account a decrease in the sense that we have $6,400 to high. The double technical factors may cause the bitcoin to begin, a minimum of a 24.95 per cent of the downward correction, thus, the price of $4,804 – more or less.

Bitcoin No Es Bajista

A retreat is Good for the market Bitcoin | medium-image: TradingView.com

A sharp decline in is not exactly of bitcoin outside of its strong upward trend, especially on the good basics, content on the market. Fidelity Investments, a Wall Street-friendly administration of the assets of the company, announced that it would begin to buy and sell bitcoins on behalf of their institutional clients. The billionaire President and ceo Abigail Johnson, he speaks the following Blockchain week in new york. Updates, as the loyalty of bitcoin the trading plan play an important role in the stimulation of the cryptocurrency market feeling.

Together with technical factors, such as the new Golden cross, training, market bitcoin seems extremely optimistic.



Comments Here is Why the prices for Bitcoin Could be 4 800 us-dollar in the Next few weeks



Noah Vang Channel
Missed Bitcoin from the start? Try Pi Network www.minepi.com ... invitation code is vangmn. Could be big like BTC. Good luck!
Comment from : Noah Vang Channel


MSMGTA
I hear a lot of talk about a worldwide recession in 2020 on the news lately. What do you think that will do to bitcoin?
Comment from : MSMGTA


Pablo Castro
Progress they say shows when hardwork is put into a venture. I was experiencing lapses in putting enough work into trading,and my job made it nearly impossible for me to earn. Until I came across Mr Gary winks , turned my life around, I'm so gratefulπŸ‘πŸ‘.
Comment from : Pablo Castro


decanted
Duuuude, its Van Eck, not Van Ike. Its Eck, like Heck but without the H. Sorry bit my tongue the first time but now have to mention it ✌🏻
Comment from : decanted


Chris in FPV
I think we demean ourselves as a sector talking about time travelers, don't we?? That said obviously if BTC is 100K in 3 months I'm all aboard the time travelers lol
Comment from : Chris in FPV


Petrean Tudor
tron :))))) band of noobs
Comment from : Petrean Tudor


Javier Vazquez
BUY 1 BITCOIN TODAY AND HAVE FINANCIAL FREEDOM on December 2025
Comment from : Javier Vazquez


antonioh Lopez
Tom lee don't know shit! he's always wrong...
Comment from : antonioh Lopez


Jack June
Why aren't my smashes making btc go up?
Comment from : Jack June


Edward Myers
What do you think about TRISA?
www.coindesk.com/ciphertrace-enters-race-to-solve-cryptos-fatf-compliance-headache

Comment from : Edward Myers


Kareem R
my opinion i think some alts have potential on a quick speculative pump.. alot have great technology, but me personally not putting much faith espically with powers that be. i like vet,ada,trx in the long run though how would that make me money. bitcoin has such a huge marketcap. its gonna take alot to destroy that value. money talks
Comment from : Kareem R


Erno Veresh
Big move to the Downside.
Comment from : Erno Veresh


Randy Black
Big September Drop . . . Followed by Big October Rise
?

Comment from : Randy Black


david firnstahl
Bakt + halving = $
Comment from : david firnstahl


Jeff Higgenz
Alt season is not possible with us hodlers talking about it every day. This requires a mass amount of noobs. I don't know anyone interested at this point. This bear is still fresh. 2021 is a better expectation
Comment from : Jeff Higgenz


Robert George
Just buy hold and shut your ears. Too many experts have been wrong too many times. Can't trust any one of these experts.
Comment from : Robert George


Kev
Great job George!
Comment from : Kev


Crypto Quartercrawler
Excuse me, I need to take a Dump.
Comment from : Crypto Quartercrawler


Crypto Polar Bear
Feeling like this the calm before the move up like the end of 2013. Very similar.
Comment from : Crypto Polar Bear


JR4EVR
I'll bet U that it won't happen before Bakkt is operational on the 23rd!!!
Comment from : JR4EVR


QUEENS_RACES
U showed a video of the rsi at the bottom and said we were going over 14k like 5 weeks ago and nothing happend still...
Comment from : QUEENS_RACES



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