As Bitcoin grapples with critical resistance levels, analysts share new BTC forecasts. Here are the latest BTC price estimates from master analysts…
Rekt Capital: Bitcoin will see 100k and altcoin season may begin soon
Months after the end of the crypto-winter, the market is losing some of the values that have led to the meltdown of most cryptocurrencies, including the best ones, such as Ethereum and Litecoin. Some have suggested that the much-anticipated crypto bull run of 2019 has lost steam, a concept that big names such as Rekt Capital strongly oppose.
In a recent tweet, Rekt Capital said the crypto bull market is not over yet. According to Rekt Capital, the last crypto bull run lasted 152 weeks and may have set a good stage for precedents. If Rekt Capital’s forecast is realized, Bitcoin could rise to over $100,000. According to Rekt Capital, however, the altcoin season is likely to begin soon.
Chronic Trading: Bitcoin signals fall in the coming weeks
According to market analyst Chronis Trading, the moving average convergence deviation (MACD) indicator in Bitcoin’s weekly charts is reversing to indicate the downward trend. The indicator is one of the most popular among both novice and professional investors in predicting price acceleration and trends:
WEEKLY ICTCOIN MACD CLOSES IN CROSS-TEST INGRESS IN THE COMING WEEKS. LAST TIME THESE INDICATORS WERE PASSED, THE MONTH CODE WAS VERIFIED. THE HYSTOGRAM CONTINUES TO DESCEND TO THE NEGATIVE.
Tony Spilotro: Bitcoin could slip 44 percent to $7,000
According to Tony Spilotro, the price of Bitcoin is an almost perfect fractal in the gold price charts. According to analysts, if bitcoin continues to follow the price movement fractal, there could be a dangerous decline for the leading crypto assets. According to analysts, Bitcoin can slip 44 percent to $7,000.
Aayush Jindal: Bitcoin may fall further if it doesn’t close above $10,400
According to Aayush Jindal, the price of Bitcoin against the US dollar tends to fall below $10,250. According to analysts, BTC is likely to extend its decline unless it recovers above $10,250 and $10,400.
Crypto Hamster: Current prices may be a buying opportunity for BTC and altcoins!
Is there any hope for bitcoin bulls right now? Could the cryptocurrency market rise in this unfortunate sale? According to a crypto hamster, Fear and Greed Index, it is possible:
THE BEHAVIOR OF THE CRYPTO MARKET IS VERY EMOTIONAL. WHEN THE MARKET GROWS, PEOPLE ARE INCREASED TO BE GREEDY, WHICH LEADS TO FOMO (FEAR OF ESCAPING). BESIDES, people often sell THEIR MONEY WITH AN IRRATIONAL RESPONSE RATHER THAN SEEING RED NUMBERS… EXTREME FEAR CAN BE A SIGN THAT INVESTORS ARE VERY CONCERNED. THERE MAY BE AN OPPORTUNITY TO BUY One.
Mike McGlone: Bitcoin could be stuck between $8,000 and $20,000 indefinitely
According to Mike McGlone of Bloomberg Intelligence, Bitcoin can remain in a price range defined as $8,000 as a support and $20,000 as a resistance:
THAT’S WHAT BITCOIN IS DOING RIGHT NOW. CLOSE TO SUPPORT IS AROUND $8,000, WHICH IS PRETTY LOW AND SHOWS A PRETTY GOOD PRICE AROUND $20,000. IN THIS RANGE, IT CAN, WHICH KEEPS VOLATILITY LOW AND MAKES ICTCOIN LIKE GOLD.
Peter Schiff: Bitcoin will never go up to $50,000
The leading cryptocurrency Bitcoin (BTC) recently pushed the resistance ratings of the $14,000 band but is now trying to hold $10,000 to avoid falling to four-digit levels. This, of course, led peter Schiff, known for his hostility to traditional financial markets and Bitcoin and other cryptocurrencies, to make a new statement against the leading cryptocurrency. In a tweet by Tom Lee, the famous Bitcoin bull, Schiff stressed that Bitcoin will never go up to $50,000, as Lee predicted. In fact, Tom Lee recalled Schiff’s prediction seven years ago that gold would rise to $5,000 by 2014. Of course, gold never reached this level and never got close.