Bitcoin $BTC Forecast: Midweek Edition – Cooling Off?

2018-07-25

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This edition features popular Bitcoin technical analyses from Investing.com, NewsBTC and FXStreet. Or jump right to today’s Bitcoin $BTC Forecast.

Investing.com Analysis

View: bullish

bullish

Mati Greenspan of Investing.com asserts "According to the volume on exchanges, it seems clear that the rally is being led by East Asia [and] The next is South Korea, who are some of the biggest cryptotraders in the world. The peak here is only at 273 BTC but the correlation between the volumes and the price movement is very clear."
Published: Jul 25, 2018 08:56AM ET

NewsBTC Analysis

View: bearish

bearish

Martin Young of NewsBTC ventures "Markets are cooling off as Bitcoin rally slows [and] has already begun to pull back "

FXStreet Analysis

View: bullish

bullish

Ken Chigbo of FXStreet writes "Bitcoin price has run riot on Tuesday, gaining as much as 6% [and] BTC/USD extending its move to the north, following the breakout on Monday from a bull flag pattern "

Bitcoin $BTC Forecast

on Wednesday 25th of July 2018 04:18 PM UTC

bullishbearishbullish

The crypto pundits say: “bullish/bearish/bullish/”.

The two bulls see price heading north based on East Asian volume, technicals, Bitwise ETF application news, Coinbase billion dollar hedge fund customer and more. Our bear expert today sees prices cooling off.

XBTLivePriceTM


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author holds $BTC and other cryptocurrencies at the time of writing.

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