Bitcoin: Bitcoin is down by approximately 3% in the last 24 hours. It is down on heavy volumes. Currently, it is trading around $ 7400. Many analysts actually believe that in shorter term, it can head to as low as $ 6000 as well.
When will Bitcoin go back up? Bitcoin price will drop to $5000, then will jump from there. With this and market underperformance, Woo and many other prominent analysts predict that Bitcoin prices will rise again. Analysts, however, seem to agree that a difficult period ahead of them will happen. Can Bitcoin really do the expected rally in the third quarter of 2018, as analysts predict?
Bitcoin Cash (BCH)
Willy Woo, a respected cryptocurrency and digital product analyst, shared his analysis of the cryptocurrency market and claimed that Bitcoin’s price could go below $ 6,000 in the short run.
Since mid-May, Bitcoin has failed to test the $10,000 level, while the crypto money market is constantly in decline and miserable. The vast majority of the coaches in the sector continued to fall as well as Bitcoin and Ethereum, while the correction in the lower coins was a bit tougher than Bitcoin.
Speaking on May 25, Woo said that while Bitcoin was waiting for the price to fall below 6 thousand dollars, it saw 5 thousand 500 and 5 thousand 700 dollars levels as two support. Earlier reports also indicated that key support levels for Bitcoin will be at these points.
According to Woo, Bitcoin went down to under $ 7,000 in the short vault; You will test 6,500 dollars and you will not be able to hold it here, which will start Bitcoin’s journey to under 6,000 dollars. At the same time, Woo said that the level below 6,000 would be below 5,500 dollars. A successful analyst commented on the subject as follows:
“We need to be able to give the current price in terms of Blockchain technology. Otherwise, prices continue to fall, at least in the short term. The volatility is still very high and I think we will experience some more decline. But after that, good days are near again. ”
Woo also said that while doing this analysis, he used an indicator called NVT Signal , which he developed . Woo, indicating that Bitcoin is not going to be under $ 5,000 at this stage, replied once again that he regarded $ 6,000 as a high probability.
Stating that there will not be any such correction period in 2018 due to the intense downtrend that has started since the end of 2017, Woo said that he did not participate in the 2014 rhetoric for 2018 crypto money . Woo, said:
“If we come up with the most probable estimates … It will gradually fall to $ 6,800; then we will head for 5,700 more serious and accelerating. We will continue to do so for a while. This prediction is not really a prediction made, it is an estimate of someone who has been trained and has proven himself. It should be taken into account. ”
Rise After 5 thousand 700
In October 2017, Bitcoin nearly doubled its value over the three months to $ 5,700. It means testing 5 thousand 700 dollar levels; It means that Bitcoin will return to where he started after 9 months.
However, of course, the crypto money markets are not the ones in October 2017. Many factors, such as prices, companies, stock exchanges, have changed over the past 9 months, and people are now more aware of it than Bitcoin.
With this and market underperformance, Woo and many other prominent analysts predict that Bitcoin prices will rise again. Analysts, however, seem to agree that a difficult period ahead of them will happen. Can Bitcoin really do the expected rally in the third quarter of 2018, as analysts predict? Tags: bitcoin price prediction 2018, bitcoin price prediction tracker, ethereum price prediction, bitcoin news, bitcoin market, altcoin prices, bitcoin cryptocurrency, cryptocoin price
Bitcoin Price Prediction by Venture Capitalist: Bitcoin is a screaming buy
Spencer Bogart is a venture capitalist. He has a vested interest in blockchain-based cryptocurrencies as well. Even though, he is not that convinced on other Altcoins but thinks that Bitcoin is a screaming buy. According to him, any levels below $ 8000 are a good buy. He recently stated that even the other Altcoins do not have a significant amount of merit but Bitcoin certainly has a lot of merit. This is the reason why investors should think about investing in Bitcoin.
According to him, since Bitcoin has moved below $ 8000, it is a good buy in the shorter term as well as the longer term. Even though volatility may persist but in the longer term, it will rise much higher. This is one of the main reasons why he thinks that Bitcoin should be bought currently.
Also, he is of the opinion that the volatility is here to stay. That is why it does not make any sense to avoid Bitcoin due to the volatility which is currently present.
Book by Bogart:
According to his book, Altcoins are a sell. He is of the opinion that Ethereum is a hold. On the other hand, he thinks that Bitcoin is a buy. He thinks that most of the tokens are actually overvalued. Also, on the ripple cryptocurrency as well, he has a hold rating. He thinks that Bitcoin Cash is one of the best cryptocurrencies which you can get your hands on as well. On the other hand, when you speak about Tron or iota or Neo, he thinks that they should be sold. As a result, he is only bullish about a handful of the cryptocurrencies rather than most of them. This is the reason why cryptocurrency traders are trying to figure out whether he is right in his opinion or not.
Volatility in Bitcoin:
When you look at the previous charts of Bitcoin, you will realize that volatility is part of the Bitcoin cryptocurrency. It is not unusual for Bitcoin to lose over 70% of the market cap before bouncing back again. This is the reason why many of the analysts, as well as the investors, think that Bitcoin can rise once again. Also, the downturn in Bitcoin is not severe when you look at it from a historical point of view. This is another reason why analysts think that Bitcoin can bounce back easily.
Thus, if you’re thinking of investing in Bitcoin, you have to take a few of these factors into account and thereafter only, you can decide about investing in Bitcoin. Keyword: Venture capitalist, Bitcoin, Ethereum, Ripple, Altcoins , bitcoin price prediction 2018, bitcoin price prediction tracker, ethereum price prediction, bitcoin news, bitcoin market, altcoin prices, bitcoin cryptocurrency, cryptocoin price
Bitcoin Cash (BCH)
Bitcoin can see $50,000 with these four factors
Nicholas Merten has a wide range of influence somewhere between John McAfee and Tom Lee in the crypt money industry. Nicholas Merten is the founder, entrepreneur and investor of the YouTube channel, Data Dash, which has about 300,000 subscribers. Nicholas Merten has a new estimate related to the price of Bitcoin . When Nicholas Merten tweets his views and forecasts to more than 34,000 followers, it can cause a change in trends. Nicholas Merten: “Bitcoin can see 50,000 dollars with these four factors.”
Nicholas Merten: “Bitcoin can see 50,000 dollars with these four factors.”
Nicholas Merten’s estimate of 2018, which is more than twice the peak price of $ 20,000 in 2017, is based on significant failures in the money market. Nicholas Merten thinks Bitcoin will reach $ 50,000 level by the end of 2018 due to four factors:
Interest rates will continue to increase
Deustsche Bank will attract bankruptcy in 2018
Stocks and housing prices will take a big blow
With trillions of dollars to go out, the SEC will become a Bitcoin ETF (stock exchange fund)
Analysts continue to make bullion estimates for Bitcoin
Nicholas Merten is a known crypto money investor. But even a few of his followers question the justification of his views on the tweet. Sammy Tommy, a follower of Nicholas Merten, stated that it is not possible for a bank to go bankrupt until the end of the year, despite the fact that interest rates are not correlated with crypto-currency prices and Deutsche Bank is restructured.
In the past week, although Bitcoin has fallen below $ 8,000, Tom Lee has renewed his year-end estimate of $ 25,000. It also suggests that corporate money will flow into the market. John Mcafee believes Bitcoin will see $ 15,000 by June. Spencer Bogart from Blockchain Capital is among the analysts who predicted that Bitcoin would make $ 50,000 in 2018.