Register | Sign in
ituglobalforex@gmail.com
always available 24/7
Call Us +234 (0)90 8562 3559
always available 24/7



Bitcoin (BTC) Long Term Price Forecast- January 19

Posted In: Forex Trading   Posted On: 2019/01/20 17:28 PM    Posted By: ituglobal




BTC/USD Long-term Trend: Bearish

 

 

The BTC/USD pair is now in a bearish trend zone. On December 14, the BTC price reached its low at the $3,200 price level. On December 24, the crypto traded and reached the high of $4,400 price level. The price of Bitcoin had been range bound between the levels of $3,200 and $4,400 in the last one month. Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that Bitcoin is likely to fall. The BTC price is currently trading above the $3,700 price level.

 

Nevertheless, if the bears break below the $3,500 price level, the crypto is likely to find support at the $3,200 price level. On the upside, the bulls will first break the 12-day EMA and the 26-day EMA to resume its uptrend movement. Meanwhile, the stochastic is in the oversold region but above the 60% range. This indicates that the price of Bitcoin is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

 

Source:  https://bitcoinexchangeguide.com




  Share on Google+



0 Responses

No Responses yet!

Please Sign in or Sign Up to post comments