Bitcoin Price Forecast (Short-Term)
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Well, I continue to follow the bitcoin chart and in general everything is going according to plan. Let me remind you, last week I said that the price should rise to the range of $21,200 — $21,500, after which the crypto market will slow down. At this point, I expect to see a good entry point in the $19,500 — $20,000 range.
Technical analysis gives us the following information. On the daily chart, the overall downtrend continues, but if you look at the MACD indicator, you may get the false impression that the trend has changed. It is important to understand here that at the moment the MACD indicator is below the center line, which means that the trend is only recovering and we are in the sideways.
My system predicts that the price is extremely likely to hit the $19,500 level and go from there to $24,000. Let’s see how it will going.
