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Bitcoin price analysis, 15 January 2018

18 ratings | 1148 views
Bitcoin price has been range bound, and it might show continued weakness for a short while, as it reaches the support level at 100-day moving average. A bounce up from the 100 DMA is expected.
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Text Comments (11)
Imsorry BB (1 year ago)
HTML COIN <3 VERY-UNDER-VALUED. WE WILL SEE it at 50cents this year!!! <3 big potential! COLX IS NEXT!! TAKING OVER XVG
Ken Semotiuk (1 year ago)
Quick quick 🐑 people buy more bitcoin before it goes down in price again!
MyFinanceTeacher (1 year ago)
I have already replied to your identical comment on this same video. Please don't post identical comments. Thank you.
Ken Semotiuk (1 year ago)
Bitcoin should go down to about 5¢!
Simon says (1 year ago)
I think this time your were wrong and Bitcoin is going down - already below 10k$. According to my analysis of exponential moving average, Bitcoin will hit 5k$ or even 1.5k$ - depends how fast panic will spread.
MyFinanceTeacher (1 year ago)
You might be right. Thank you for sharing your opinion. However, I don't think bitcoin will go much deeper. The previous peak is around $8000, the 200-day moving average (simple) is approaching $8000 from below. These would act as strong support. Besides, the current price is $11400.
Aaron Ming (1 year ago)
Right about the price action days even before the drop. You have my respect. 👍
MyFinanceTeacher (1 year ago)
Thank you for your appreciation.
Ken Semotiuk (1 year ago)
Quick quick sheeple buy more bitcoin before it goes down in price;
MyFinanceTeacher (1 year ago)
I don't think bitcoin will go much lower that the recent low under $10,000. We are likely to consolidate in the range between $11,000 and $16,000 for a long while, before a significant move higher.
Aaron Ming (1 year ago)
Perfect analysis ! Thank you!

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