1. Bitcoin is unknown and has stood at $4,100
Since the Spring Festival, Litecoin , Binance Platform Coin, Huobi Platform Coin, platform IEO projects, etc. have risen one after another. You just finished singing and I came out, attracting a lot of attention.
It is estimated that many friends have been attracted by these celebrity coins and gradually forgotten the benchmark of digital currency: Bitcoin. Everyone may not notice it if they say it. By the time of press time, Bitcoin has risen to $4,100. It has risen by nearly one-third since its low of $3,200 in December. The increase in
has a lot of benefits for friends who have invested in the fixed investment range.
2. The next possible trend of Bitcoin
So where is the price of Bitcoin now? How will it develop next? Today we will analyze the next trend of Bitcoin.
The following picture is a trend chart from March 29, 2017 to April 1, 2019. I chose the complete trend of Bitcoin’s last bull market since it started.
I drew two lines: the price line corresponding to the red line is US$4786, and the price line corresponding to the blue line is US$6117.
The brown arrow at the bottom of the picture indicates the trading volume.
red line marking $4786 and blue line marking $6117 are the two resistance levels that Bitcoin may encounter in the future.
When we judge any trend, we must look at the trading volume. If the price trend is accompanied by an increase in trading volume, the trend will be firm; if the price trend is accompanied by a decrease in trading force, be careful, as it is very likely that the price trend will reverse at any time. The longer the columnar line represented by the trading volume in the chart, the higher the trading volume. From the trading volume in this picture, we can see that Bitcoin's trading volume has been steadily amplifying since this year. Therefore, the gradual increase in prices is relatively solid. If no special events occur, according to the current trend, Bitcoin will rise all the way to the $4,786 line.
Bitcoin will fluctuate in the range of $4,200 to $4,786 as it moves to $4,786. I think Bitcoin will not encounter a lot of resistance in this range and will break through $4,786 and move towards the next resistance level of $6,117.
If Bitcoin encounters special situations between US$4,200 and US$4,786, it will be very reversal and downward to the previous low of US$4,000.
When Bitcoin goes straight to $6117, it will encounter strong resistance between $6000 and $6117. If it cannot break through $6,000 to $6,117, it is likely that it will continue to hover below $6,000 for at least half a year or even longer to accumulate energy.
3. Bitcoin’s fixed investment strategy
. Friends who are still insisting on fixed investment can consider allocating funds to diversify risks based on these two possible resistance levels and the time when Bitcoin may trade sideways at the resistance level.
I personally recommend that you can invest in a fixed investment as long as Bitcoin is below $4,200, and when Bitcoin exceeds $4,786, you must control the amount of funds for each fixed investment.
(Author: Daoshuo Blockchain, the content comes from the "Dede" content open platform of Liandede; this article only represents the author's views and does not represent the official position of Liandede)
