BTC/USD price forecast

I look back the main reasons that drove the price up and down. Understand the past will help us to forecast the future.
It is clear that the CBOE Future and CME Future and intensive media coverage are the reasons that made the price surge in Q4.
Post CME , we had a series of bad news relating to regulation, the fight between BTC and BCH, rising of altcoins CBOE Future setllement which drove down the price of BTC .
The moving average 50 was the support for uptrend now it acts like the main resistant for current down trend.
The dash green light is the support line of BTC price before the hype, I doubt it is able the mining cost for BTC . It is difficult for BTC price to go under this line.
We had the price drop dramatically after China Ban and now recovering, Elliot Wave seem appropriately to be use to forecast the price of this phase.
I anticipate another dip 12345 that will meet the green line and then ABC recovering at time of Lunar new Year.
After this, the BITFINEX:BTCUSD will be rising with the good news and happy spirit of post Chinese new year season.

Updated on the time frame. pls see this.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出