Bitcoin Price Prediction For 27-28/12/2022
In this article, we are going to do a technical analysis of the Bitcoin Price Prediction. Our analysis might differ from yours. Kindly seek advice from your financial advisor before doing trade on our levels.
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Bitcoin Price Prediction
Chart Courtesy tradingview.com
Buying Trade
Support Zone
- 16750-16790
- 16580-16620
Resistance Zone
- 17070-17100
- 17190-17200
If you know price action, then you might know, once a resistance breaks, then chances are more for it to act as support and retest level. Accordingly, plan your trade.
These are valid for a day only. Market prediction is not that easy. One has to be good at technical analysis and must follow the rule-based setup. Here we are going to predict the market on our analysis. Your analysis might be different from ours. Kindly take the trade or invest after consulting with your financial advisor. We are posting the market predictions on a basis for educational purposes only. I am not SEBI register. Kindly plan your trade as per your financial advisor.
Also, Check Nifty and Bank Nifty Market Prediction
Also, Read Upcoming IPO
Bitcoin Price Prediction For 31/10/2022
In this article, we are going to do a technical analysis of the Bitcoin Price Prediction. Our analysis might differ from yours. Kindly seek advice from your financial advisor before doing trade on our levels.
Bitcoin Price Prediction
As we can see, Bitcoin is currently trading at the upper Bollinger band on the daily time frame and the slope of 20 day moving average i.e. 20 SMA is turned upwards. It indicates that there might become a bullish momentum. It might also be possible that it may retrace to 20 SMA and then move higher.
On a Weekly Time frame, Bitcoin is about to cross 20SMA and it might possible that it may retrace a little and then move upward or may go down from this level. To move higher, a strong candle should break the 20 SMA line.
Buying Trade
If Bitcoin goes above the level of 21033, then there will be buying trade, and Targets are given below;
1st Target: 21708
2nd Target: 22382
Chart Courtesy tradingview.com
Selling Trade
If Bitcoin goes below the level of 20306, then there will be selling trade, and Targets are given below;
1st Target: 19596
If it comes at this level, then I might be looking for the Buying trade.
What will be the Bitcoin Price Prediction in 2025?
It is not possible to predict the price movement as the crypto is very volatile. But as per our analysis, it might be near 100000.