Bitcoin has almost not changed since yesterday; its quotes have increased by 1% over the last 24 hours. Regarding our earlier BTC price prediction, the leading cryptocurrency have appeared to be more bullish than predicted.
On the 1-hour chart, Bitcoin is still overbought, even though trading volumes remain at their maximum levels. However, the coin has shown an enormous growth over the last week - an increase by more than 20%. In terms of the short-term forecast, a decline below $9,000 is likely to happen, which is backed by the technical patterns. Particularly, MACD is looking downwards, confirming the drop to the support at $8,850 in a few days.
On the 1-hour chart, Bitcoin is still overbought, even though trading volumes remain at their maximum levels. However, the coin has shown an enormous growth over the last week - an increase by more than 20%. In terms of the short-term forecast, a decline below $9,000 is likely to happen, which is backed by the technical patterns. Particularly, MACD is looking downwards, confirming the drop to the support at $8,850 in a few days.
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