This is a personal analysis of bitcoin price predictions according to the Curve Log Indicator for Bitcoin,
FA
From what I see, Bitcoin has Crash approached 50% of the price of last February, the cause is not known with certainty, this event is really hard to explain. If anything can be described what the cause cannot be explained what the purpose is.
Since the OPEC session was wanted one: to raise world oil prices. The price of USD 50 / barrel is considered too low. They have enjoyed oil prices of USD 90 dollars per barrel in a long period of time. Even once above USD 100 / barrel. and that finally FAILED TO AGREE
The Saudis made a unilateral decision: slamming prices. Selling oil at massive discount prices. Only 30 dollars a barrel left. as a result both stock and bitcoin have followed it because of panic and unclear objectives
And another disaster is can be rumored again a few weeks later Corona Virus has been said to be Pandemic so that the Economy Worsens, almost all shareholders sell all assets to save their net cash.
Moreover, yesterday the Korean Ministry of Finance announced burning some paper money (Paper Money) in order to reduce the spread of the corona virus.
However, my opinion says "Maybe the whole world will be driven by massive use of digital money going forward rather than paper money, all paying with electronic devices such as mobile phones, PCs or cash machines."
Back to Bitcoin
Support need to be tested again 3900$ zone once again
and Resistance 6900$-7800$ ( Barrier )
This Consolidation may need 1-2 Month before Going up again and make news ATH
FA
From what I see, Bitcoin has Crash approached 50% of the price of last February, the cause is not known with certainty, this event is really hard to explain. If anything can be described what the cause cannot be explained what the purpose is.
Since the OPEC session was wanted one: to raise world oil prices. The price of USD 50 / barrel is considered too low. They have enjoyed oil prices of USD 90 dollars per barrel in a long period of time. Even once above USD 100 / barrel. and that finally FAILED TO AGREE
The Saudis made a unilateral decision: slamming prices. Selling oil at massive discount prices. Only 30 dollars a barrel left. as a result both stock and bitcoin have followed it because of panic and unclear objectives
And another disaster is can be rumored again a few weeks later Corona Virus has been said to be Pandemic so that the Economy Worsens, almost all shareholders sell all assets to save their net cash.
Moreover, yesterday the Korean Ministry of Finance announced burning some paper money (Paper Money) in order to reduce the spread of the corona virus.
However, my opinion says "Maybe the whole world will be driven by massive use of digital money going forward rather than paper money, all paying with electronic devices such as mobile phones, PCs or cash machines."
Back to Bitcoin
Support need to be tested again 3900$ zone once again
and Resistance 6900$-7800$ ( Barrier )
This Consolidation may need 1-2 Month before Going up again and make news ATH