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believes bitcoin will be worth 2,400 to 8,000, rising to 1,900 to 30,000 by 2021. Meanwhile, the cryptos price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The BTC price is currently trading at a price of 6,539.49 as at the time of writing. Online streaming in Dubai and the UAE Netflix is not blocked in the UAE. A bearish candlestick was resisted by a 12-day EMA. The cryptos price is above the 12-day EMA and the 26-day EMA indicating that price of Bitcoin is likely to rise. Today, the cryptocurrency is now in a downward trend.
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It all depends on if prices will find support and bulls build on last weeks gains. Bitcoin (BTC) Daily Price Forecast: January 18, 2019 BTC/USD Medium-term Trend: Bullish Resistance Levels: 6,800, 6,900, 7,000 Support levels: 3,500, 3,400, 3, 300 Yesterday, January 17, the price of Bitcoin was in the bullish trend zone. BTC/USD Medium-term Trend: Ranging Resistance Levels: 6,800, 6,900, 7,000 Support levels: 3,800, 3,700, 3, 600 Yesterday, February 26, the price of Bitcoin was in a sideways trend. As earlier suggested, traders should initiate long trades in anticipation of a bullish trend, if the 3,500 price level was holding. Traders will have to exercise patience to wait for price to revisit the previous lows before initiating long trades. In late 2018, Bobby Lee predicted that bitcoin would bottom out at 2,500 sometime in January 2019, setting the stage for a bull run throughout the rest of 2019 and into 2020. The BTC price is making a series of higher highs and higher lows.
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