When to expect changes in the price of Bitcoin?
Looking at the Bitcoin charts at 07/14/2020, you will notice atypical stability for this coin. Over the past three days, the price tag has not risen above 9344 dollars. A slight drop was observed, but now the value of the honey mushrooms coin is growing steadily. And all, at first glance, is not bad. However, experts argue that the days of quiet schedules are numbered and Bitcoin is doomed to major changes in the near future. What to expect from the first currency? Is it worth selling a coin right now or is it better to wait for more favorable conditions? We will answer all these questions right now.
Analysis of market indicators
Just note that the following is just a dry analysis of the facts and our opinion on the future of cryptocurrency. Recall that the forecasts below are not guaranteed. That is why we are not responsible for all actions taken by readers. With an understanding of this truth, we first study the pairwise analysis of the first coin. This technique consists in evaluating spreads, that is, analyzing the difference between the cost of buying and selling a financial asset. Based on the data regarding Bitcoin, we are convinced that at the moment, buyers are not ready to pay prices for a coin that exceed the average market figures. The situation is, in fact, indicative. Such circumstances indicate an early purchase of foreign currency. It is obvious that major players are preparing forces, raising capital and will soon move to the massive acquisition of Bitcoins. Price, as often happens, can significantly increase. Japanese buyers also speak about the intentions of the buyers, showing the classic three-up situation.
Probability theory regarding coin price
Math fails this time. The indicators are not obvious, although there are still slight changes in the numbers. If you look closely at the patterns, it becomes clear that the bulls are gaining strength and will soon lead the chart along. The angle of the recent fall does not inspire concern, therefore, current growth can pick up pace and lead the first coin to new heights. However, we will see a real rise in price only when Bitcoin becomes more expensive than $ 9,347. This is a turning point, it is waiting for all traders.
Horizontal volume price position
Studying the subtle indicators of value, we conclude that the market intends to actively move forward. At the moment, the very real value of the first crypt is 9810 dollars. However, experts admit a slight decline in prices near these figures. Resistance from the market can actually slow down coin growth, but not for tangible periods. Working with the Bitcoin delta shows that now the bears are much weaker than the bulls, which means that large purchases can really take place soon. The acquisition of a large volume of digital coins, as already mentioned, will lead to a steady increase in prices.
What to do with Bitcoin right now?
Of course, this is only our opinion, but at the moment it is better not to sell the coin. Too many factors indicate the upcoming rise in price of Bitcoin. Therefore, you can earn a lot more if you lag behind with the implementation of digital savings. In an extreme case, you can sell Bitcoin right now and buy some altcoins, which also promise to grow. It is not worth it to completely sell the savings; a better time will come.
In order not to miss the serious changes in Bitcoin, follow all the news of the crypto industry with us. We publish only high-quality and interesting material. Thanks for your attention. Good luck and profitable trading!