Analysis of BTC/USD Price January 26,
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:
- the entry price adjustment zone of the advance prior to the inspection of continuous support areas
- 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.
- 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- 09/3
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