Thread: Bitcoin (BTC) Long Term Price Forecast- December 29

BTC/USD Long-term Trend: Bearish

• Resistance levels: $7,200, $7,400, $7,600
• Support levels: $3,900, $3,700, $3,500

The price of Bitcoin was in a bullish trend in the last week of December 2018. The crypto has an opening balance of $4,038.50 but traded and had closing price of $4,023 as at the time of writing. In the month of December, Bitcoin lost 0.38% of its capitalization.

In December, neither the bulls nor the bears have control over the price of Bitcoin. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone .
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA. In addition, the stochastic is in the oversold region but below the 20% range. This indicates that the price of Bitcoin is in a bearish momentum and a sell signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source: https://bitcoinexchangeguide.com

Sometimes leverage greatly amplify the potential losses. The greater the amount of leverage on capital you apply, the higher the risk that you will assume. My broker FXPremax offering a good trading leverage to make their clients profit consistent and giving so many facilities. Leverage is very useful to make profit form the fluctuations in exchanges rates between two different countries. Its provided by a broker. leverage can also work against investors.

My broker Bprimes offering all these services to their clients. Learning more details about the trading conditions at different brokers could really take a while, but it’s a necessary step you just have to take. Very simply put, you should compare the down-loadable, web-based and mobile platforms offered, see which instruments are available for trading, learn about available leverage and whether you can trade mini or micro lots or anything else you have in mind are permitted.