Traders’ Forecast: What Will Happen to BTC Rate in the Near Future?
In the first month of 2019, Bitcoin slightly pleased traders with the mark above $ 4 000, and then dropped below $ 3 500.
Is bitcoin still at risk?Despite successful attempts of the first cryptocurrency rate to grow, some traders are confident that it is still at risk and may fall critically low. Technical analyst DonAlt is sure that if Bitcoin’s rate remains in the range from $ 3 300 to $ 3 500, then it will fall to $ 2 000 mark.
Bitcoin might avoid falling, but without a strong catalyst, it will not be able to make a corrective rise. Mayne has a similar opinion. He said that if BTC does not keep this impulse at the current level, its rate will fall below $ 3 000.
$BTC daily upd.:Sitting in the last buy zone b4 new lows. Cut some of my buys due to the breach of the top of the zone. Looking to re-add them if it is reclaimed. If green fails I expect a quick move into the 2k's. If it holds 4k is on the cards. S: 3340 & 2600~ R: 3700 & 4000 pic.twitter.com/Q2opt7P89H — DonAlt (@CryptoDonAlt) 30 января 2019 г.
Mayne previously claimed that Bitcoin would decline by 50% from $ 3 500.
$BTC Was expecting more bullish PA at these levels, not looking great. Rejected from resistance and forming bearish MS on the H4. As I said earlier if we are going to bounce it will happen from these levels IMO, if we lose the swing low (x) I think we drop fast. pic.twitter.com/DuAUYJaFqe— Mayne (@Tradermayne) 30 января 2019 г.