Forecast and levels for Cryptocurrencies - page 28

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Sergey Golubev, 2019.12.04 10:26

Crypto News - Bitcoin: bullish ranging near the bearish reversal; 5,000 psy level is the key(based on the article)

• "Bitcoin prices have been trading within a relatively tight range lately, experiencing minimal volatility as market observers wait for the next major catalyst to drive the cryptocurrency higher or lower. The digital asset started moving primarily between $7,200 and $7,800 late last month, narrowing to a smaller range of roughly $7,200 to $7,400 on November 30th, CoinDesk price data shows. The cryptocurrency has been experiencing this relative calm as it follows a broader, downward trend, during which it has repeatedly notched lower highs, additional CoinDesk figures reveal."

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Sergey Golubev, 2019.12.08 15:06

Crypto News - Bitcoin: 2020 Year Forecast (based on the article)

• "Bitcoin is reaching the end of the year very close to multi-month lows. Yet there are good reasons to expect the price of Bitcoin to begin a recovery from a low of around $5,000 to $6,000 and rise over 2020 to end the year between $15,000 and $17,000. The year 2021 is likely to see Bitcoin reach $30,000 in similar but slower move resembling the strong price increase of 2017."
• "Predicting the future of Bitcoin with charts and patterns can be a promising way to succeed as in trading Bitcoin. However, technical analysis can be overpowered in this unusual asset by an event which carries much power and can cause a strong change in demand. In May 2020, Bitcoin is undertaking a halving event that is traditionally known for its positive effect on the market. Bitcoin halving is the division of the block mining reward by half, making mining a more expensive undertaking. This leads to a reduction in supply in relation to the increase in demand, which logically should cause a price spike."
• "Based on the previous price data, the Bitcoin price is on the verge of staging its first bull run before the event in 2020, and this may possibly start sometime in late December 2019 or early January 2020. The Bitcoin price should slowly rise back into the $10,000 price zone by March 2020 and possibly trade around $13,000 by May 2020 as the price surges during this period should tend to be staged gradually."

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Sergey Golubev, 2019.12.18 07:09

Crypto News - Ripple: bearish breakdown; 0.1764 level for the bearish trend to be continuing (based on the article)

• "XRP fell sharply today, suffering greater losses than other major digital currencies and hitting its lowest in more than two years. The digital token, which is used by the Ripple payment system, reached as little as $0.1826 at roughly 03:00 p.m. EST, CoinMarketCap figures show. At this point, the digital asset was down more than 12% over the last 24 hours and was trading at its lowest since late 2017, additional CoinMarketCap data reveals."
• "Now, with Bitcoin's price also experiencing downward pressure, we expect XRP to slide further due to this news."
  

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Sergey Golubev, 2020.01.07 09:02

Crypto News - Bitcoin and ETH for 2020 (based on the article)

• "With new announcements expected from the Financial Action Task Force (FATF) regarding Virtual Asset Service Providers (VASPs) in Summer 2020, and the impending Bitcoin halving, the first half of next year will see momentum building around key developments such as these. As the industry focuses on innovation and enterprise adoption, it is imperative that regulators do not implement a policy that will create obstacles and stifle the development of the industry."
• "2020 will see the People's Bank of China launch its digital yuan, and the debate for digitizing the Euro will become more acute."
• "The warming of central banks to digital currencies and hype and attention to Libra could help Bitcoin break its previous peak, and that it will surpass $20,000."
• "We will also witness continued innovation in the DeFi space, which is accelerating every quarter now, coupled with increased security token issuance and maturation across the board, and, if the market returns to fundraising, it will be a more well-structured mechanism than last time."
  

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Sergey Golubev, 2020.01.24 07:03

Crypto News - Bitcoin: intra-day bearish breakdown; daily ranging within reversal levels(based on the article)

• "Bitcoin fell below crucial support today, a move that could trigger additional downside and also threaten the bullish momentum the digital currency has enjoyed in recent weeks. The cryptocurrency dropped to as little as $8,290.24 around 8:45 a.m. EST, CoinDesk data shows. At this point, the digital asset had fallen roughly 3.6% in less than six hours, declining from its intra-day high of $8,597.33, additional CoinDesk figures reveal."
• "While the cryptocurrency might face additional losses in the short-term, Tim Enneking, managing director of Digital Capital Management, said that in the long-term, he is looking for the digital asset to bounce back".

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Sergey Golubev, 2020.02.21 06:32

Crypto News - Bitcoin: intra-day ranging within reversal area; weekly possible breakout to the bullish reversal; 11,000 is the next target (based on the article)

• "Bitcoin markets have been relatively calm since yesterday afternoon, when the digital currency fell more than 8% in a matter of hours."
• "The cryptocurrency declined to as little as $9,410.92 yesterday, down from an intra-day high of nearly $10,300, and has since been trading between $9,400 and $9,800, CoinDesk price data shows."
• "Going forward, bitcoin may benefit from strong support in the short-term and a bullish trend in the long-term, said analysts."
• "Kiana Danial, CEO of Invest Diva, also weighed in, noting that yesterday’s pullback certainly did not come as a surprise to her, as she was expecting such retracements. In spite of this recent decline, she believes that bitcoin is experiencing “a longer-term uptrend.” When asked what, in particular, made her think the digital currency was following this positive, upward movement, she pointed to the Ichimoku Cloud, a group of technical indicators that analysts use to get a better sense of what an asset will do in the future."
  

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Sergey Golubev, 2020.03.07 09:46

Crypto News - Bitcoin: daily/weekly ranging near the bearish reversal; 8,419 is the key for the bearish reversal to be started (based on the article)

• "Bitcoin has enjoyed some compelling gains lately, rising in value as the global asset markets respond to concerns surrounding the coronavirus. The digital currency’s strong, upward movement has stalled in the last few days, facing significant resistance, technical analysts claimed. However, this relative malaise will probably pass soon enough, according to several market observers."
• "The cryptocurrency has been trading between $9,000 and $9,200 since early yesterday morning, CoinDesk data shows. This period of calm came after bitcoin experienced a notable rally earlier in the week, climbing after it fell to nearly $8,400, additional CoinDesk figures reveal."

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