In a quarter of an hour of time lost, bitcoin is almost $ 200 in value. And that is the key, this is the bitcoin price move below the psychological level of $ 8,000. It seemed as if the last few days of the race, the bottom had been found, but today it proved to be the case. Here you can see the price in Us dollars. At a little before 10:00, and the value of the $ 8,000 (7.200 euro) project
Contents
Bearish scenarios will come out.
And if it’s anything less, go with the price, then the bearish scenario, the back of the house. Or, in other words, the analysts expect the share price still continues to drop. As expected, a Dutch stock analyst, on Twitter, that the bitcoin exchange rate or, in the worst case terugzakt to 4,200 to the dollar in the first quarter of 2020. That is the real bottom, from which point its course may increase.
Bitcoin prediction:
If $BTC loses $7880 on the daily, price will trade to the 5950-6666 and bounce towards $7200-7700
Here, it will be a 50/50 scenario, A, B,
A: Bitcoin bottoms in Q4 2019 and near $6K
B: Bitcoin will bottom in Q1 of 2020 to between $4.2 K and $5.2 K pic.twitter.com/WBYg69a4Wn
— Bitcoin ?ack@BTC_JackSparrow) on November 19, 2019
Also, an analyst, Willy Woo has been bearish on the short-term. But using the data from the network of bitcoin, and to compare these data with the bitcoin price. According to O stop the miners to the mining of a bitcoin because the price is on the decline. For more lost sales of miners for their bitcoin, and allows for even more verkoopdruk on the market. According to Woo, the price of bitcoin in the short term, not fall. Click on the Tweet to view the whole thread a read:
NEVER gone into a halvening is in BEARISH price action, miners are already capitulating adding sell in volume. Historically, we front-run and with a BULLISH setup, ” miner capitulating only after halvening, when revenues are slashed. This is a unique setup. It is Quite bearish leading up to the event. pic.twitter.com/20748Zv8aQ
Willy Woo (@woonomic): November 18, 2019
Feeling stores, is that it is a very good koopmoment?
But you can do it the other way round to see it. If the sentiment in the market is negative, it can also be a good koopmoment it. What is that little piece of reverse psychology, it works, you can see through the Fear & Greed Index.” This is an index that shows how the sentiment in the market. A low number indicates that the fear rules in the bitcoin market. The price is dropping, and investors are positive about the future. A high score indicates greed. The stock prices are rising and the bullish tweets is displayed.
At this time, the index is 30, which means that investors have to be afraid. That might be a time to stand up to the market to trade through bitcoin, to buy. This is, of course, is at your own risk, and the price of bitcoin has been, and continues to be unpredictable. Always do your own research before you make a cryptocurrency buying or selling.