Technical and fundamental bitcoin price analysis

in #bitcoin7 years ago

Technical and fundamental bitcoin price analysis

This is my appreciation and something that may possibly happen

Let it down as in the chart up to $ 2170 dollars or up to $ 2115, but then it will be an exponential growth.

Reasons:

  • Australia enters to use bitcoin
  • India enters to use bitcoin

The fall is very consecutive these days due to speculation of segwit.

How can you protect yourself in the long run?

I recommend waiting until it rises to $ 2600 or $ 2700 and keep alternating currencies, which I recommend to keep are:

  • Litecoin (very stable currency)
  • Dash (coin that already has the segwit)

If you want to stay on the sidelines, do your analysis, but you have to be aware.

In the following days a strong rise is anticipated as well as several consecutive descents, will be constant until establishing a new cap that I think will have a support for over $ 3000 finally, it is believed will not lower of this value and there will be maintained between $ 3000 to $ 3300 and continue Its rise.

It is a decision of each as always.
A greeting, and I appreciate your reading.

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