Forecast & News of Bitcoin

Forecast & News of Bitcoin - articles about current price & charts, latest Bitcoin news and technical analysis. Bitcoin price prediction for 2018, 2019, 2020. Bitcoin price forecast for tomorrow, week and month. Today updated prediction and forecast by day of Bitcoin.

Technical analysis of Bitcoin for 23.04.2019

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Donald Tapscott, chairman of the board of the Blockchain Research Institute, said in an interview, that the official Chinese currency, Renminbi (RMB), will become cryptocurrency. Tapscott revealed that he had recently met with the vice-president of the Communist Party in China. He reminded that President Xi Jinping believes that Blockchain is one of the most important technologies for the future of the country.

Elliott Wave analysis of BTC/USD for 19.04.2019

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The Japanese financial regulator, the Financial Services Agency (FSA), no longer wants to describe Bitcoin as a virtual currency. During the plenary session of the 41st General Assembly of the Financial Council and the 29th Meeting of the Financial Division, Professor Iwashita Goto from the Public Policy Graduate School of Kyoto University asked the members to adjust their views on Bitcoin.

Elliott Wave analysis of Bitcoin for 17.04.2018

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According to media reports, France will attempt to convince the other EU Member States to adopt similar to its own rules on cryptocurrencies, according to Bruno Le Maire, French Minister of Economy and Finance. The new regulations are supposed to attract cryptocurrency issuers and traders to France, providing them with official recognition and at the same time taxing their profits.

Technical analysis of BTC/USD for 16.04.2019

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The BTC/USD pair has made a top for the wave b at the level of $5, 181 and after the Bearish Engulfing candlestick pattern occurred at the H4 timeframe chart, the market reversed suddenly and moved down towards the technical support at the level of $4,928. The support has not been hit, but it looks like a matter of time for the bears to test this level and move even deeper towards the level of $4,795. Please notice, there is still one more wave to the downside missing, the wave (c) and only after this wave is completed, the uptrend should resume.

Technical analysis of BTC/USD for 15.04.2019

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The BTC/USD pair has bounced from the technical support at the level of $4,928 and is currently testing the local technical resistance at the level of $5,164. Any violation of this level would lead to the test of the next technical resistance seen at the level of $5,290 and this might be the top for the unfolding wave (b). Please notice, there is still one more wave to the downside missing, the wave (c) and only after this wave is completed, the uptrend should resume.

Elliott Wave analysis of BTC/USD for 12.04.2019

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After the BTC/USD pair has completed the Ending Diagonal pattern in wave (5) the price has moved below the level of $5,164 and $5,060 to finally find some rest at the technical support at the level of $4,928. The fight for this level is going on as the bulls are now trying to push the prices higher in order to bounce. The nearest technical resistance is seen at the level of $5,060.

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