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The price of Bitcoin exceeds $ 57,000. Whats Next?

The price of Bitcoin runaway above $ 57K, after having made a slight correction that we announced in my previous report:

«… At the moment we are in a slight correction». As you can read at the end of the article in the “Conclusion” section. Easy, that easy and very clearly. And it was mild. Although not very light … what would the poet say.

When we published the BTC it was for $ 52,250 and it came to yield up to $ 50,725 … Well, slight! And from this trading point there was a gradual comeback to take off with force the next day … which we also warned but already on Twitter:

Yes, we continue with the Infallible: because he returned to advance and warn us of the great entry in purchases – again – for Bitcoin.

Ah, what did you announce late since it was 1:12 p.m. Spanish time? Well, although the price of Bitcoin was at that now at $ 52,600 ($ 5,000 below its recent maximum, which it would achieve hours later), it had already started to warn about 3 hours before: “The Infallible gave way very, very quickly and continues to yield” you can read in the Twitter comment and there were up to 5 comments before the one shown here as advance notice while Bitcoin was about $ 400 lower.

HERE You can read the complete sequence of all the comments giving advance notice of the movements of the BTC thanks to the Infallible.

Remember that the Infallible indicator moves inversely to the price of Bitcoin and that it does not update on weekends. More info in this PDF.

But now the big question: Are we going to $ 62k $ or $ 75k in the Short / Medium Term?

Here are our indicators, and those of other analysts, for the future forecast to take into account for the possible trend of the most prominent cryptocurrencies …

Bitcoin forecast

Advance charts valid for Bitcoin and other currencies that maintain a high correlation with this mother cryptocurrency …

A- Medium Term (Weekly)

Medium-term Bitcoin trend

He doesn’t look at the sky, no. Not even in the course of some historical increases, it sometimes puzzles us … although we must bear in mind that it acts as an indicator advanced. But yes, this time he is seen with his head slightly raised and it seems that he wants to get out of that Bullish-Side in which he was the last days.

We are bullish as long as the brown line above lasts and that it does not give way or make a threat of heading … if so, if there is any significant change, the one who subscribes here, and signs above, usually leaves updates of this indicator on his Twitter … and will inform about it.

B- Long Term

Long-term Bitcoin trend

On Side-Bullish and don’t miss out. You should show a little more joy in your drawing… if we expect a Bitcoin above $ 75K and on its way to $ 100K as everyone says. We will see.

We will have to follow him closely. So far it has not failed us: it marks this upward path for the Long Term since July 2020.

Less likely to vary than the previous graph / indicator.

Other forecasts

In the Swiss market the current positions open by large investors are as follows …

Watch out for this: it continues marking the green strip near 70%… but it has lost today 4 percentage points. This marker from the large Swiss market is giving us a lot of reliability.

For Bitcoin and, also, Ethereum they can be followed in real time (even weekends) in the last link of this Post.

Note: We must bear in mind that for there to be a permanent downward turn or serious debacle type: the green bar would have to be close to 25%.

Also, leading analysts, believe and maintain that the lowest price for Bitcoin for the future will be (at least) in the 53,888 USD. And the highest price predicted by the same experts? It would be up to 71,683 USD … Stretched bullish projection for the next few days, if it occurs.

Stratospheric targets for the price of Bitcoin continue to be published. We remain cautious and continue to prefer to refer to the previous two paragraphs. We go little by little.

For Trading we take into account the following fees as supports and resistances:

(R3): 62,714(R2): 59,400(R1): 57,649

Pivot Point: 54,334

(S1): 52,584(S2): 49,269(S3): 47,518

And now a look at the always-often “Fear” indicator:

The euphoria remains. Although BTC is trading lower than what it has been for a few days: 95%.

Let’s review other Cryptocurrencies and what other leading analysts predict about them

Ethereum (ETHUSD): Very followed in recent weeks. All expectations placed on this cryptocurrency, as it is flying very high. Your price at this time for the US $ 1,999.

They show, the gentlemen of WalletInvestor, a correction in the making and, again, bullish continuity.

For Trading they suggest:

(R3): 2,053(R2): 2,011(R1): 1,985

Pivot Point: 1,943

(S1): 1,917(S2): 1,875(S3): 1,849

For the lowest price they predict: 1,939 USD. And the highest price: 2,477 USD.

Binance (BNBUSD): Breaking bullish records in recent days. Let’s see…

Your price at this time for the US $ 278 as for BNBUSD. This is flying …

Well, they also expect a correction … and then to continue with the increases. They are not wrong … at least with the previous predictions, no. Totally successful lately.

For Trading they suggest the following border values ​​to take into account:

(R3): 525(R2): 432(R1): 382

Pivot Point: 289

(S1): 238(S2): 145(S3): 95

For the lowest price they predict: 236 USD. And the highest price: 482 USD. Huge upward projection they give, double for the next few days. Undoubtedly, the lords of WalletInvestor.com see a high potential for this crypto.

Conclution

Having shown different angles on the perspectives of some of the most important cryptocurrencies … to say that, apparently, everything points, in general, to positive for the next few days.

The graphs (sections A and B) are more optimistic than other times. Especially A, not to vary.

El Infallible: it ended last night (on weekends it does not update) above 26%, in a good shopping area.

The negative at this time, 8:15 p.m. Spanish, the Swiss scoreboard. This makes us think, and coincide with WalletInvestor.com, that we could have a correction (close to the $ 58K that we are currently at) and that it should be slight … before continuing to rise: we estimate that the $ 60K will be touched in a few days, if not before. And, very likely, the $ 62K as well … then we will see in future reports.

I take this opportunity to say that next Monday at 1:00 p.m. Spanish we will be broadcasting the Infallible automatically. A few days ago we broadcast a few hours. You can see some test videos on our YouTube channel … and it would also be good if they were subscribed so they would receive the notification when we start broadcasting: we estimate that from next week.

Much, much caution, and our best wishes for your Trading and / or investments.

The author reserves the right to reveal what graphic and indicator material he uses. Just note that Moving Averages are used: although it may not be based on the Bitcoin instrument, although it does serve to predict its trend.

You can follow automated analysis (Real Time) of cryptocurrencies here.

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