Analyst Predicts Bitcoin Will Touch $8,210 before Going to $9,999 - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
Connect with us

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Analyst Predicts Bitcoin Will Touch $8,210 before Going to $9,999

40% Bullish Return, Bitcoin Private, DigiByte, Zilliqa, ReddCoin See Crypto Return Favours

Bitcoin

Analyst Predicts Bitcoin Will Touch $8,210 before Going to $9,999

Yesterday, Bitcoin saw a drastic drop after going above $9000 in a very short time. The drastic drop which finally stopped at $8200 baffled the cryptocurrency community. Observers agreed that Bitcoin’s fall was a result of panic sell off amounting to $20 billion.

What Today’s Gazette gathered yesterday was that Bitcoin touched 9010 USDT on Binance before an immediate dump back to 8600 USDT level.

Bull Run Not Over, But Bitcoin Can Touch $7K

A YouTuber by the name Carl who anchors The Moon, a video podcast centred on cryptocurrency, analysed the 12% downward movement, saying it could be a rising wedge.

Read: Only Linear Thinkers will not See Bitcoin in $1,000,000 – Analyst Reopens John McAfee’s Prediction

He added, the fact that Bitcoin got this big whiff to the upside before dumping down again might possibly be a sign that its is topping out.

Also READ  Ripple’s XRP Not A Security But A Payment Token Like Bitcoin - Luxembourg Private Equity

Carl said if the major support zone $8100 holds then it is easy to surmise that the bull trend is not dead yet. He said the bulls are presently being threatened directly by around the $8100 support level.

If Bitcoin breaks the support level, then there’s no doubt that it will come down to its $7000 or $7050 target.

Follow us on Twitter

Alanmasters Saw Bitcoin at $8,210 Before Going to $9,999

On May 28, Alan Master, a top Trading View cryptocurrency analyst, foresaw that Bitcoin could touch $7200 before it finally returns to $9999. While Alanmasters did not delve so much into this, he pointed that Bitcoin is starting to retrace back to $7200.

Read: Veteran Analyst Sees Bitcoin Reaching Notable ATH, Says 2018 Bear Will Be Forgotten

Todays Gazette Telegram

His signs of retrace at that time are:

  • Moving below EMA10.
  • Bearish divergence on the MACD and RSI.
  • MACD Bearish
Also READ  Ripple’s XRP Dependent SBI Virtual Currencies (SBIVC) Launches, Supports Bitcoin (BTC), Ethereum (ETH)

At that time, he said if Bitcoin moved up and closed above the last peak $8947, his above signals are invalidated.

Bitcoin Starts To Retrace, Aims at $8210 Before $9999

Bitcoin in the Market

Bitcoin is trading around $8312 after losing around 12% in a short time. The digital asset has a market cap of $147 billion, 24h volume of $28 billion with 4% loss in the last 24h.

Oliver is an online publisher, managing various blogs through the years. He had contributed to multiple blockchain news portals in the US and the UK.Oliver is among the earliest followers of cryptocurrency and blockchain.His interest varies from Political Agendas to recent Technological advancements and now, cryptocurrency acceptance and institutional investing in blockchain.He is now a full-time contributor to TODAY'S GAZETTE.Email: oliver.green@todaysgazette.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Bitcoin

Advertisement
Join Us On Telegram1
Advertisement

Submit Press Release

Advertisement

Facebook

Press Release

To Top