BITCOIN WEEKLY ANALYSIS

[iloveyobit 6599]

WEEKLY CHART ANALYSIS :

BTC/USDT:

 

Hello everyone , today i will talk about bitcoin weekly analytic according to my own opinion  , like we all saw that the bitcoin price jumped up in the last 3 days from 11000$ toward 13000$ with a huge  liquidity If this bitcoin inverse head and shoulders plays out, we might see the BTC price reach 20,000 much sooner than you'd expect.
 

 

 

Target: 19,700 (We want to see at least 1 weekly close above the neckline first)

The cool thing in that movement here is that The total market cap also jumped over $400B and this mean that the move is not fake and we can see the prices heading more up in next few days .. 

 

Long story short , we see that bitcoin price is moving above 13k $ levels , according to technical analytic basics , if the price can hold on for another few days , maybe a week above that level with the same volume , i can say that the road is clear to 14k $ then later we can see 20000$ again ..

 

DAILY CHART ANALYSIS :

BTC/USDT:

 

 

Daily charts for the moment i think its not that good or new thing , like we see bitcoin price is retesting the area of 14000 $ again and from the same chart in the past we can see that bitcoin price filed to break that area with a higher volume that the one we got today , so I'm little not sure about that we can see something new this time , beside we can see that RSI levels are above 70 and this is negative mark and we can see that a correction is coming and lets hope its not a dump and a liquidity out  

 

FUNDAMENTAL ANALYSIS :

Like we all see in last two days that PayPal has entered the crypto market by announcing that its customers and for the first time will be able to buy and also sell bitcoin with all other coins that exist in the crypto  market , and they can do that by using their PayPal accounts .

lot of traders says that this is the main reason why the bitcoin price moved up with that huge volume and that can be true too adding to that the Fomo this news caused to the market .

but again its bitcoin guys  It might be a fake out but I can see there is huge buying pressure coming in after the announcement of PayPal  ,  so lets see if the price can hold or it will dump again like always when the price impact ends .. 

 

 

Tips about buying or selling ? :

The price of Bitcoin has already risen and may dump  at any moment, so I do not advise anyone to buy now, the best is to wait at least a week for its price to stabilize and then decide, if it stabilizes above these current prices,  then I expect more liquidity to enter and increase it and it this might be a good opportunity to buy ..

 

This is the end of the topic and i hope you like it guys , again this is my personal opinion and you can put your under in the posts and i will reply to everyone of you, like the topic if you a benefit from , thank you and happy trading .. 

[George10 9932]

@iloveyobit This is indeed a great bitcoin price analysis and looking on the charts you provided i think it's an indication for more pumps in to expect in few days or weeks to come and it will be great if we can reach 20k before the end of this year to fulfill many's predictions however, if I may ask if the retesting price is rejected how  far will the drop reach is there any chance for a drop to 10k again.

[Projectcrypto 4382]

This is a good topic that have been provided to us mates because this shows bitcoin can possibly boost in terms of market value sooner or later which can as well make the value to reach $20,000 as earlier predicted by most of the expert in cryptoworld and with this i will suggest investors accumulate more and hold to at least end of the year so that they can make good profit to your various wallets.

[iloveyobit 6599]

4 hours ago, George10 said:

@iloveyobit This is indeed a great bitcoin price analysis and looking on the charts you provided i think it's an indication for more pumps in to expect in few days or weeks to come and it will be great if we can reach 20k before the end of this year to fulfill many's predictions however, if I may ask if the retesting price is rejected how  far will the drop reach is there any chance for a drop to 10k again.

totally agree, and yes if the bitcoin price failed to break 14 k $ i think it will fall again to 10k $ exactly like we saw last time , lets wait for the few coming days ..

[mohamedpc1 2213]

Thank you for analyzing Bitcoin and helping us with that. From my point of view, I see that Bitcoin lives the same days it lived in the beginning of 2020 and the rise to $ 20,000. I see that it will easily pass it now, especially after it exceeded the price of $ 12,000. But in the field of cryptocurrencies everything is possible, so we must Caution and do not rush too much.

[duncun007 3577]

thats a very good analysis, I made an ont analysis as well and i'm about to make a btc analysis as well but my views are more on the bear side unlike yours because i think we have been going up for a while without a big retracement.

[championboy 8]

Very good Analysis, today  I see btc price go above $13000 , that is an awesome analytics, I made an ont investigation also and i'm going to make a btc examination too however my perspectives are more on the bear side dissimilar to yours on the grounds. 

[iloveyobit 6599]

14 hours ago, mohamedpc1 said:

Thank you for analyzing Bitcoin and helping us with that. From my point of view, I see that Bitcoin lives the same days it lived in the beginning of 2020 and the rise to $ 20,000. I see that it will easily pass it now, especially after it exceeded the price of $ 12,000. But in the field of cryptocurrencies everything is possible, so we must Caution and do not rush too much.

indeed , for now every thing is counting on bitcoin volume , we need more volume spikes to push the price higher , i believe this can cause a fomo and help the price to break 15k$ and why nit heading to 20000$..

[talo122 735]

I agree with your analysis in the direction that there is a big chance that it is going up, but 20k semms like much for bitcoin at least not this year, May be it will touch it in the next year, 15k is a reasonable Target for this year, but no one know for sure so any thing can happen. 

[hanguyen 41]

In my opinion bitcoin will not be able to increase immediately but it takes time to test the price at $ 137500.

[MuhammadSh 3067]

well done! really good analysis .. congrats for people who believed in what you mentioned in this topic because bitcoin has reached 14k$ today! these days analysing the market is really important for each trader but we should really be aware because the whales may do something opposite people's predicts.. 

[duncun007 3577]

On 10/25/2020 at 12:06 PM, iloveyobit said:

indeed , for now every thing is counting on bitcoin volume , we need more volume spikes to push the price higher , i believe this can cause a fomo and help the price to break 15k$ and why nit heading to 20000$..

i dont see many retailers getting in crypto again, i have been watching the volume and so far there is no retailers rushing like they did back in 2017 and caused the price to go from 10k to 19k in a few days.

[Jandancoin 482]

Bitcoin is at its peak and progress now, I saw the price at $14000 some hours ago, people predicted bitcoin to get above $15000 before the end of the year. This week also, there could be increase in bitcoin price possibly. 

[iloveyobit 6599]

On 11/2/2020 at 12:30 AM, MuhammadSh said:

well done! really good analysis .. congrats for people who believed in what you mentioned in this topic because bitcoin has reached 14k$ today! these days analysing the market is really important for each trader but we should really be aware because the whales may do something opposite people's predicts.. 

Its a pleasure to see that happening , yes i hope that there is who earned from this analysis .

7 hours ago, Jandancoin said:

Bitcoin is at its peak and progress now, I saw the price at $14000 some hours ago, people predicted bitcoin to get above $15000 before the end of the year. This week also, there could be increase in bitcoin price possibly. 

if the fomo on bitcoin starts , i think we gonna see 20 k $ in one week or two at most , for now lets just watch .

[iloveyobit 6599]

Well done guys , bitcoin price is moving exactly like we expected and the good in that is the volume is pretty good so far , i hope we can hold this week above 15 k $ , happy trading all .

[Jromz 2158]

Great analysis, mate. You mentioned really crucial at this moment, which is staying out until we see a defined movement of the price, doing the opposite might just overcomplicate things unnecessarily in our trades. Interestingly, it seems that in the 4 hourly time frame an inverse head and shoulders pattern might be developing but for this to be confirmed Bitcoin should first have to strikingly break through significant $20K level. 

[Smallingcane012 344]

The bitcoin weekly analysis it is useful and AMS benefits to great amount or a number of peoples that have way on it by possible and easiest way.

[Abdulrahman3 1252]

Those who bet on Bitcoin won a lot of money, the value of one bitcoin exceeded 33,000 US dollars, and this made many people buy more quantities of it and this will increase its value even more in the coming days.

[Liliz 529]

This is such a good analysis on Bitcoin, indeed the price of Bitcoin had risen up rapidly within the past few weeks, the prediction was right. Presently the price of Bitcoin is 34,866 dollars, there are greater chances that it would still rise above that in this year. The analysis was really helpful.