Bitcoin and Bitcoin Cash Price Short-Term Forecast

What is Bitcoin (BTC)?
Bitcoin; is a digital currency that is published as an open source code in the crypt (money) category. Bitcoin represents a currency that we can spend on our daily life and online shopping, such as the currencies we use, such as TL, Dollar and Euro. What distinguishes Bitcoin from other currencies is that money authorities and governments have no control over Bitcoin. Because Bitcoin is not under the control of governments, it is produced under the control of Bitcoin network.

In 2009, Bitcoin was released as a Sat protocol uz by a person from Satoshi Nakamoto. According to this protocol; Bitcoins are an independent currency based on the data sharing network (Peer-to-Peer), which cannot be controlled by a central authority, and the transaction fee is quite low.

Name Price24H (%)
Bitcoin (BTC)
$10,864.19
1.33%
Ethereum (ETH)
$366.95
3.28%
Bitcoin Cash (BCH)
$231.63
1.80%
XRP (XRP)
$0.243518
1.39%
Litecoin (LTC)
$47.70
3.70%
Cardano (ADA)
$0.102583
4.82%
EOS (EOS)
$2.61
1.31%

Short-Term Bitcoin Price Forecast

One of the strongest bulls in the Cryptocurrency market, cut short-term bitcoin price estimates once more, said he did not believe that digital gold could reach the five-digit line by 2019.

Bitcoin, the pioneer of the crypto money market, has lost value since the beginning of this year. BTC, which could not survive the expected bull market, continued to depreciate in recent months. However, according to most experts, the expected bull season may begin in the last quarter of the year. Leading crypto money Bitcoin was purchased from $ 6,582 at the time the news was prepared. This means that the BTC price has almost never changed in the last twenty-four hours. However, Bitcoin has declined by 6% since the beginning of September and by 10% since August.

In spite of the bearish movements that have been going on for months, Bitcoin managed to gain 2% in the third quarter. However, it is important to note that no significant application has yet been denied from the Bitcoin ETF applications filed with the US Securities and Exchange Commission (SEC). Bitcoin reached its highest value in the last two months last July and increased its price to $ 8,507. However, this increase did not last long, and the price regressed to $ 8,000 again in a short time. It was stated by the SEC that the Winklevoss brothers rejected the ETF application.

In spite of this, BTC price increased by 21% in July. However, due to the statements coming from the SEC, the price of BTC fell to $ 5,859 in August. Leading crypto money was able to close this month around $ 7,000. In other words, the decline in Bitcoin continued this month. In September, the price of the Bitcoin rebounded above the level of $ 7,500. While many traders thought the next bull had begun, the leading crypto money had fallen to $ 6,300. Many experts in the market, Bitcoin’in drawn by looking at these graphics, the next upward movement may start at any moment makes the comment.

Bitcoin Cash (BCH) Daily Price Forecast

BCH/USD Medium-term Trend: Bearish
Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100
BCH tends to decline in its medium-term progress. The strong bearish break of $ 547.30 due to a downturn has fallen to $ 521.60 in the crypto currency’s demand zone. The bulls had made a withdrawal up to $ 5444.00 in their supply areas.

The 4-hour opening candles cut $ 532.20 from yesterday’s lower demand area at $ 518.60 and fell down to $ 511.00 in the demand zone. A $ 518.60 cracked trial took place, but the bears returned and reduced the BCH to $ 507.00 in the demand zone.

This shows a downward price movement in the medium term, as long as the bears are under pressure. Because the price is below two EMAs, the stochastic oscillator is in the over-selling area at around 12%, pointing down the signal.

BCH/USD Short-term Trend: Bearish

The crypto currency is advancing in its downward trend in its short-term progress. The 1-hour candle fell to $ 512.2 at the start of the BCH with $ 540.00 in the opening month and then $ 507.00 in the demand area.

The BCH is located on almost the same channel as the two EMA passes. 10 EMAs are seen as strong resistance to upward price change. As the Bears pressure is strong in the channel, new low levels may be seen in the short term.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.