Bitcoin Price Is At These Levels In The Coming Days!

As Bitcoin price continues to fluctuate in the $56,000 region, analysts are discussing various bull and bear scenarios for Bitcoin’s short-term price action. We take a look at what needs to be considered in the coming days.

Pay attention to monthly closing Price action for BTC is “promising” so far and is “really close to reclaiming this monthly level as support (green),” according to Rekt Captial, whose analysis we shared as warns.

David Davichitz: I don’t think BTC will reach $100,000 in December

ExoAlpha’s executive partner and investor David Davichitz shares his concerns that most investors who buy Bitcoin at 100x cheaper “will probably cash them out at any price”:

This will likely hit the market pretty hard once news of effective distribution breaks out.

For now, Lifchitz thinks the sell-off “seems to end at the $57,000 to $58,000 support level” and is “prepared to reach $63,000 and above again in the next few days.”

But according to Lifchitz, Mt. After the Gox BTC launch, caution is required due to the threat of a future sell-off. Here are the reasons:

However, this Mt.Gox is a Damocles sword above the market’s head, and with this threat hanging, I don’t see BTC hitting $100,000 next month. The whales are holding on tight, but they haven’t bought any more. I think they are aware of the upcoming drama of Mt. Now that the Mt.Gox barrier is cleared, Bitcoin will have a clear path to reach new highs and thwart some crazy regulations that could spoil the party.

Legendary Analyst: These Levels Are Coming in Bitcoin and Ethereum!

Bitcoin price is currently bottoming out according to historical data

Posting the charts below comparing the 2017 price action for Bitcoin with the current market, TechDev says the current correction is “tracked from mid-November 2017 to a near-perfect point” and “just a small difference”, “a breakout of the 50-day simple moving average (SMA)” said. TechDev adds that the current levels are bottom prices:

We may not have hit bottom, but it’s close. Everything I’ve seen suggests that the next 5-15 weeks are most likely to be big.

Bitcoin Price Is At These Levels!

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Disclaimer: The articles and articles on do not constitute investment advice. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

source site