Analysis of BTC/USD Price January 26,

in #bitcoin7 years ago (edited)

Review Price

  • BTC prices have fluctuated steadily and narrow margin in the range of 12,800 - 9231 in last 15 days.
  • The stability of BTC in the past is probably due to the following reasons:
  1. the entry price adjustment zone of the advance prior to the inspection of continuous support areas
  2. low meat market volume due to fall of the yen by the lunar calendar and the beginning of the calendar year of profit taking and planning for the new year.
  3. Better management and tax policies of some countries especially Korea make investors more time and information to assess the market.

Market analysis in the coming time on the technical basis:

  • prices have created support and clear channels in the past. Support levels are determined at the 100-day moving average on the chart day at 9900-11100.
  • The long-term accumulative support has led to a reversal pattern.
    In the next week, the price may be pushed upward on the upper bound of the downtrend channel at the same 14k200 - 15000

Outlook: BTC Becoming and will be the safest digital asset with the strongest growth momentum. At the same price support 9900-11100 we should buy for short-term target of 14k500 - 15.0000

  • prices will return to the 19k- 25k region in March or April 2018.

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It is likely that price will fluctuate strongly on 02- 09/3Ảnh chụp Màn hình 2018-01-26 lúc 20.05.46.png

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