It’s going to be hard! Well, today is a rise in the bitcoin price up further, at the time of this writing, bitcoin is more than a capacity of 9,500, the $ 8.810 euro as well. And it is very exciting, because bitcoin is a long line to break. And after that, it can sometimes be hard, especially with the bitcoin block halving in a long time.
Contents
Bitcoin is sand at critical level
It is very exciting to watch. The bitcoinkoers sand at a significant level, between 9.400, the $ 8.720 euro) and a capacity of 9,500, the $ 8.810 million). In this zone, we specify the graph in the menu bar.
You will notice that the menu bar has a strong support in the summer of last year. In October and november of last year, this level is a strong resistance, managed, bitcoin is not a price thing.
It seems that now that bitcoin is out of the zone when it is not broken, but the day is not yet over and anything can happen.
In more ways than one to be exciting
You are looking below, go to the bitcoin exchange rate to dollars of the beginning of 2017 through to the present day. All those years of moving in the direction of the bitcoin is in between the two trend lines. And now, it seems that bitcoin is out of the triangle is going to break down.
The zone is around 9.400, the $ 8.720 euro) and a capacity of 9,500, the $ 8.810 is nice to have to keep an eye on. Then close bitcoin and the day is over with 9,500 dollars? It is bitcoin, after all these years, finally got out of the triangle to be broken.
The target is about the size of the opening in the frame. In an analysis earlier this week, if you that is $ 28,000 (25.670 euro), rather than a possible goal. It is the future bitcoin block halving is not a crazy idea. During the bitcoin block halving, the reward miners are cut in half, 12.5 bitcoins each transactieblok to 6,25 bitcoins. This minerbeloning at the same time, the inflow of new bitcoins to the market. The bitcoin halving has a direct impact on the new supply of bitcoins, and the price. Since falling to the new demand, and the demand remains the same? The price is, in theory, continue to rise.
The short term goal is 10.600 dollars
But in the short-term goal, it is now of 10,600 usd (9.850’s. This is because, in the course of yesterday out of a bull flag has been broken off. You can see in the chart below, in return. Are you looking for in the course of april through to the present day, each and every candle on the chart is set to four hours.
A bull flag is a koersformatie, which in many cases leads to a significant increase in. A bull flag to help you remember:
First, the price for a huge move up. That is, it is in the back of the goal.
After that, it moves in the exchange rate between the two trend lines at the bottom.
Breaks down that the price at the top end is off? The increase is as large as the mast of a flag.
Yesterday it was the time of the race from the flag, however, the bitcoin price would have to $ 10,000. Instead, a test with bitcoin, the top edge of the flag is still there. This test proves to be successful, because the price is increasing today and further on. This means that the share price still has potential to go 10.600 u.s. dollars (9.850 million), with the price target of the bull flag.
Our expectations for the price
It is exciting, what goes on in the course of the next few days? As always, we provide two scenarios, a positive (bullish) or negative (bearish).
Bullish: Bitcoin will stay at the top 9.400, the $ 8.720 euro) and a capacity of 9,500, the $ 8.810 million). This will allow us to set our eyes on a 10.600, the $ 9.850 million), with the price target of the bull flag. In the chart below, as indicated by the green line.
Bearish: What happens when bitcoin is under 9.400, the $ 8.720 euro) or below? Then 8.600 usd (8,000 eur), the first in view on the chart, as indicated by the red bar.