8.8 C
September 18, 2020
Image default

Bitcoin Technical Analysis + BCH, LTC, ETH and XRP – Blocksats

As every Tuesday, we have another expert for you technical analysis cryptocurrency prepared by Chartław of Coinquista Labs. What awaits course Bitcoin. Ethereum. Bitcoin Cash, litecoin and XRP in the near future? Below you’ll find the course analysis BTC, and on the official Coinquista blog you can read the analysis of the others digital assets: ETH, BCH, LTC and XRP.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-05-05-2020/

A week ago, I pointed to the similarity of the then technical system to the situation 13 months ago and the possibility of BTC price rising to USD 9,150. As it turned out later, we didn’t have to wait long for the implementation of this scenario. The assumed level was tested two days later. Since then, the quotations of the oldest of virtual currencies have been moving in a relatively narrow consolidation oscillating slightly below this ceiling. If only a larger supply response appeared, in the near future it could arise at least correction downward trend, as a result of which the BTC price could fall around one of the last two resistance levels (now support), i.e. USD 8 250, or even up to USD 7 800 and measuring 61.8% of the Fibonacci correction from the last upward impulse.

Even if such decreases occurred, we could first consider them in the context of a possible correction. In the medium and long term, Bitcoin still has the potential for further appreciation, as a result of which its price could rise to USD 10,400, or even USD 13,000.

Analysis prepared by Chartław of Coinquista Labs.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-05-05-2020/

We remind you that on the Coinquist crypto exchange market for 90 days from registration, all users can trade without commission! How to register on the stock exchange, you will learn from this article: Coinquista Registration.

About Graphław:
His name comes from the words: Chart- (from “stock charts”), and -fame (from “fame”), which is the one who praises stock charts. He gives away history traders expert analyzes of company stock prices, fiat currencies and cryptocurrencies. Traders from four parts of the world come to him for advice of the highest importance: Buy? Sell? Should you breed? It was not easy, but the Coinquista Labs team, somehow managed to convince him to share his professional analysis with Blocksats readers. Let his charts look after you!

Get notifications about important new market events.

Related posts

Brian Armstrong criticizes the Fed |

Aparnna Hajirnis

Move to hacking outflow Bitcoin, virtual currency equivalent to 420 million yen moves = Whale Alert

Aparnna Hajirnis

Denmark proposes to use blockchain in the fight against corruption |

Aparnna Hajirnis

Leave a Comment