Bitcoin Forum

What is your BTCitcoin forecast for today ? and where do you see BTCitcoin Support and Resistance levels ?

*//If you can bookmark this link to post bitcoin support & resistance levels on hourly or daily bases then it will be a good effort for newbies & specially for me, there are many sites who claim that they have prediction indicators but some time their prediction come true and some time false, because those sites use bots who do not research while a human think differently comparing to a bot due to the current market condition and research so it will be appreciated if you can post here, *//

*//It is not good to post Technical analysis in depth but you should post the general forecast here, or this will be good if this forum launches a separate section for "Your Alt-coin Forecast" by creating a different section for each alt-coin*//

Trading view site will do that for you so there is no need to bring a separate thread for discussing about the daily forecast because there is no reason for that to trust those forecast without the technical analysis.And also this is not the right section because we have separate section for speculating about bitcoins where you can find lot of regarding the recent price changes.

I do believe in your submission above that bitcoin may not exceed around $15,000 before the end of the this year but I strongly believe that a new ATH will take place in the year 2020 which is a good sign for investors to buy at the moment for there is a strong hope of increase next year if all things remain equal.

We can consider the analysis as a prediction if it is based on logical reasons and gives an estimate of the price over a narrow time frame "less than two weeks," which enables us to get a good or negative view of the price.
Long-term predictions are simply gambling, given the many factors that may occur during long periods.
the wall[1] and altcoin sections exist, so creating more topics would be useless.

[1] https://bitcointalk.org/index.php?topic=178336.new;topicseen#new

May we know, why need daily updates?

Do you have a purpose of doing day trades in BTC? Nothing wrong but I suggest deal on it with knowledge.

The best thread would be the one given above. That's the famous Wall Observer BTC/USD (https://bitcointalk.org/index.php?topic=178336) thread in the forum.

You may consider locking this thread now if you don't have any questions.

If Bitcoin still continues to move around the 10,000$ to 9,000$ are for a few days now I'll expect it to continue consolidating now for a month or two especially when we just have a few weeks of surprising price action. Right now there is no indication that Bitcoin will have another attempt at 14,000$ anywhere this month since it already have failed twice to go back up above it, another failed attempt at this short time frame would just be a catastrophic result for us. There won't really be any favors for us in the long run if that happened. Consolidating at this stage might be an ideal scenario for us traders.

BTC strongest support point in the area of 9800 USD, the area around it,
as long as that area hasn't been crossed then don't worry,
and for altcoin forecasts I think you can look for it in the off topic section maybe, or the speculation section in altcoin,
You can try to do price speculation there.

I don't think Bitcoin will grow too far from current levels until 2020.
As for the support and resistance levels, here is my analysis:

https://i.imgur.com/9D36gDR.jpg

I always try to keep my TA simple. BTC/USD is in a triangle right now. But this triangle may turn into a flag.
I don't expect the price to go below 8000. But it may return back to 9000 and then start growing.
My long term expectation: bullish. Right now: we are in a correction.

Bitcoin's support is fluctuating around $ 10k1 - $ 10k2. If this price is broken, its price will go down at $ 9k8 and the prices will be further reduced.
It's time for us to hold USDT and wait for the red market and buy more Bitcoin.

I can tell all my own predictions here but I dont think anyone will even read it.

All are doubting at every persons analysis and I think it is a good thing and also a bad one.
If there is a basis, it goes technical and somehow difficult to understand, some readers also gets bored for long statements and stories.

Better keep it short.
Bitcoin at 15k bottom before the end of the year.

The fail of bitcoin to reach $14k is not the end of everything, well now the state of bitcoin is consolidating but when viewed in TF1D, bitcoin still has the potential to rise because it forms a hidden bullish divergence pattern. I think it's very safe to hold long-term bitcoin now, look at me in the picture below, it shows bullish.

Well but everything can happen, this is just my prediction, you can believe it or not.

https://i.imgur.com/94PxjAq.jpg

Bitcoin price is dumping, its already holding on the level of $10,100 and it can go below as your forecast. Its good to wait for the bottom of this trend before buying, its about the amount of risk you can take. If I were to invest, I don't need to wait for the bottom because today might be the best day to buy bitcoin because it can go up anytime and make another ATH, no one can predict that trend.

Short term, we will encounter a lot of ups and downs, meaning that the market is still in the period of consolidation and the bull run that we are seeing are just pure FOMO or whales trying to manipulate the market for their advantage.

However, long term, I'm seeing that after the period of accumulation, it will go bullish specially if the hype around Bakkt will come into fruition next month and could be the catalyst for the las quarter bullish sentiments.

Some people say Bitcoin this year will reach new ATH and we also see that in the news for cryptocurrencies. But I can see that Bitcoin is in stage where the price is stable and its good for us to buy this time because for me in the end of the year the price of bitcoin will surpass $12,000 or it will get the price of $15,000 and thats what I can see Bitcoin this time.

All time high this year could be possible, we still have about 4 months left and remember bitcoin went from 3 thousand dollars to 20 thousand dollars in just 2 months before so if we are in 10 thousand dollars by this time November and then start to have another rally there is a big chance we can hit the all time high in December.

I am not saying it will happen but all I am saying is it is quite possible and doable if people actually try to actually achieve it. Bitcoin is a volatile currency that can do anything, until we hit 2020 we can be going down back to 3 thousand or breaking the 20 thousand and all could be attributed to volatility of bitcoin since we are used to it by now.

I think right now we are on a good spot, 10 thousand dollars is not that bad and we are definitely doing well for ourselves, if we can continue this stability then we are good in the future.

The general overview of the momentum is still uptrend and with some positive predictions that keep entry the market daily the probability of Bitcoin hitting $20,000 before the end of the year is there. The up and down of the price movement this time still create an opportunity for those that still need to buy at below $10,000 to do so. Bitcoin is going to be within $9,100 and $13,880 from now till October except something fundamentals happen! I have pen down some support and resistance levels around $9,100, $9,400, $10,500, $10,800, $11,250, $11,950 and $12,310.

What happens then when there is no red market? Then you miss out of the opportunity, we might say that the price will enter the red zone again, and then you see it continue to go on the green zone. The market is so volatile, and we cannot really predict what the next line of action will be and it think that short term holders are the ones that should be much bothered about this, maybe you are referring to them though.

What I feel is that as a long term holder of these coins, there is no point pulling the fund out when we know that there will always be a rebound and since this is still Not yet the goal, we just wait irrespective of how many dips and rebound we see, to take profit later in future when the price has really grown to almost it speak again we usually call ATH.

This is one of the few times I agree in part with this kind of analysis:

Pompliano: Bitcoin Will Be In Every Institutional Investor’s Portfolio (https://cointelegraph.com/news/pompliano-bitcoin-will-be-in-every-institutional-investors-portfolio)

The price is still above $10,000 and it's been months that it is above $9000, it shows that many people are optimistic about bitcoin's future, with halving and BAKKT and several other events going on in the coming months, we can expect the price increase considerably, my prediction is that we will end up between $10,000 to $17,000. I don't believe the price exceeds $20,000 this year

I am not into day trading but what I can say for Bitcoin right now is it's not looking good for the bulls as Bitcoin did end on a lower high for the day @10100$ which is around 900$ loss of its value. If Bitcoin doesn't recover from this price then we can expect Bitcoin to move down to its known support level which is around 9,450$-9,500$ range. MACD isn't showing signs of any bullish crossover on its daily chart but it's RSI is near the oversold level so we can expect for Bitcoin just to settle down for a bit maybe a day or two (or shorter).

if I see the picture that you made, the direction of the BTC chart shows bullish, and it is very good to buy today,
the resistance that BTC has to break is 12k and 13k if I see your picture ...
but I'm sure BTC will break down that area sooner or later because the area that should be targeted is 16k USD.

indeed the trend is currently bullish, but we know that there is a price correction, so many people worry that if the incident continues, they are afraid of losing money. therefore being calm and patient can minimize the worst possible thing that happens. and one more thing it's likely bitcoin will head to $ 7500, before flying to $ 16k

It is true, the analysis I gave earlier shows a bullish trend but that is for long term, maybe a few months ahead. For daily trading on TF1D, I also have a very good analysis today. Today's BTC is in areasupprt in TF1D and there is a doji candle, this is very good because it is very possible for reversal.

But if you choose to run for long term, then it's better to use my previous analysis and now it's still good to buy. Trend  bitcoin so far is still bullish.

https://i.imgur.com/mQJrsaA.jpg

I guess that will be no problem if the analysis is for the long term because I am sure that many people will still hold their bitcoin for a long time. The trend still bullish but we need to be careful to buy bitcoin in daily because the price can get down in anytime. But all in all, I think right now is still a good time to buy more bitcoin to prepare the future so we can sell bitcoin at the next bull run.

I cannot trust on the market, It is also possible that btc could face another downtrend for upto 4K