Bitcoin Prediction April 2: Buy
The volatility of BTC continues to be the order of the day, in tune with the advance of the Coronavirus. What is the Bitcoin prediction for this April 2?
BTC price is trading at US $ 6,600, with a high trading volume in the last 24 hours, giving clear indications that strong hands are present. Next I will tell you my Bitcoin prediction for this April 2.
Bitcoin’s great challenge in the short term is located at US $ 7,000, a value that was lost in one fell swoop on March 10, when the massive sale of BTC broke out.
The best strategy for Bitcoin is still Hold (Buy and wait), since as I said in my latest reports, sooner rather than later the price of BTC will take a sharp leap, beating as much resistance is put forward. This is because Bitcoin is very close to being the number 1 value reserve asset globally.
Bitcoin prediction for April 2
For this Bitcoin prediction I will base myself on the BTC buy sentiment index, which is offered by TradinView.
The Bitcoin / Dollar summary is based on the most popular technical indicators – Moving Averages, Oscillators and Pivots. Results are available at a glance at different time frames.
For example, in the 4-hour range the indicator already shows a certain buying trend, as does the 1-hour trend. Everything seems to indicate that in the short term there may be an increase in the price of BTC.
Bitcoin prediction in the 4-hour slot
Bitcoin prediction in the 4-hour range. Source: TradingView
It is important to clarify that it is only an indicator that takes certain parameters and classifies it as a trend “signal” of the current situation of Bitcoin. In the short term it indicates Buy. Now, if we look a little further, the 7k is a tough resistance to overcome, which will require great whales to overcome it.
In the event that the price of Bitcoin can exceed US $ 7,000, it has no brake to reach US $ 7,700, a value that will be a fight between bulls and bears.Another interesting indicator to follow if you trade in the short term, is the offered by Plus500, where its graph shows you the trend of buyers / sellers. In this case it is 88% in favor of Bitcoin.
It is worth clarifying that this analysis of indicators is valid in the short term, no more than 3 days.
In the short term you can take advantage of shopping when the price makes small corrections, selling close to the key resistance of $ 7,000. If you invest in the long term do Hold, and sleep peacefully.
To finish, it is worth clarifying that I do not have a crystal ball to predict the price of Bitcoin, but I take into account different indicators, among them that of TradingView.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.