{"id":370114,"date":"2019-02-02T19:30:23","date_gmt":"2019-02-02T19:30:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=370114"},"modified":"2024-06-11T07:44:03","modified_gmt":"2024-06-11T07:44:03","slug":"analyst-bitcoin-btc-may-soon-flip-bullish-if-able-to-finish-weekend-above-3480","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/analyst-bitcoin-btc-may-soon-flip-bullish-if-able-to-finish-weekend-above-3480\/","title":{"rendered":"Analyst: Bitcoin (BTC) May Soon Flip Bullish if Able to Finish Weekend Above $3,480"},"content":{"rendered":"<p>As the cryptocurrency markets enter the weekend, many investors are expecting Bitcoin (BTC) to see increased levels of volatility, as it has made some relatively large price swings over the past few weekends.<\/p>\n<p>Although this volatility has been negative thus far, one cryptocurrency analyst now expects Bitcoin to possibly see a large upwards <a href=\"https:\/\/ktsl888.com\/2019\/01\/30\/analyst-bitcoin-btc-likely-to-climb-back-above-3500-after-finding-support-at-3400\/\">price swing<\/a> in the next couple of days as long as it is able to finish the weekend above $3,480.<\/p>\n<h2><strong>Bitcoin (BTC) Typically Sees Increased Volatility During Weekends<\/strong><\/h2>\n<p>At the time of writing, <a href=\"https:\/\/ktsl888.com\/2019\/01\/13\/bitcoin-slides-below-3600-leading-overall-crypto-markets-to-plunge\/\">Bitcoin<\/a> is trading down marginally at its current price of $3,475. BTC has been stable in the upper-$3,400 region for the past several days after breaking below its previously established support level around $3,550.<\/p>\n<p>Bitcoin\u2019s typical weekend volatility around its current price levels first began on Saturday, January 19th, when BTC jumped to $3,750 from $3,650, before dropping back to $3,550. This drop established $3,550 as a level of relative support for the next week, until it finally broke below this price level on Sunday, January 27th, when it fell to lows of $3,400.<\/p>\n<p>Although $3,400 has held as a level of support for the past several days, many analysts have previously speculated that Bitcoin will not see any major buying support until it revisits its 2018 lows that are set at around $3,200.<\/p>\n<figure id=\"attachment_370069\" aria-describedby=\"caption-attachment-370069\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-370069 size-medium\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/02\/shutterstock_648558961.jpg?resize=600%2C400\" alt=\"\" width=\"600\" height=\"400\"><figcaption id=\"caption-attachment-370069\" class=\"wp-caption-text\">Bitcoin has experienced increased levels of volatility over the past several weekends.<\/figcaption><\/figure>\n<h2><strong>Analyst Claims Bitcoin Could Surge in Coming Days<\/strong><\/h2>\n<p>In a recent tweet from Mitoshi Kaku, a popular cryptocurrency analyst on Twitter, he explained that Bitcoin may see a bullish price move in the next couple of days based on data from the Gann Price Cycle.<\/p>\n<blockquote><p>\u201cJust finished a deeper $BTC analysis. I decided to move my longs around $3370 and a bullish break out around Feb 3\/4. (Gann Time Cycle) &#8211; It is time things turns around!\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just finished a deeper <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> analysis. I decided to move my longs around $3370 and a bullish break out around Feb 3\/4. (Gann Time Cycle) &#8211; It is time things turns around! \ud83d\udc02 <a href=\"https:\/\/t.co\/7H55PxYtRG\" rel=\"nofollow\">pic.twitter.com\/7H55PxYtRG<\/a><\/p>\n<p>&mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) <a href=\"https:\/\/twitter.com\/CryptoSays\/status\/87784449?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He later noted that he would like to see BTC\u2019s price climb above $3,480 in order for the aforementioned bullish price move to remain in play, but also said that he is looking to enter new long positions around $3,280 if BTC drops further.<\/p>\n<blockquote><p>\u201cClosed my longs partially here, for the rest I would love something around 3480 \/\/ Weekend getaway is here so I&#8217;ll probably fill lower longs in the next few days, looking at 3280. Long SL Order set too if the price breaks the HTF Resistance,\u201d he explained.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Closed my longs partially here, for the rest I would love something around 3480 \/\/ Weekend getaway is here so I&#39;ll probably fill lower longs in the next few days, looking at 3280. Long SL Order set too if the price breaks the HTF Resistance. <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/t.co\/3DlWK2cGfM\" rel=\"nofollow\">pic.twitter.com\/3DlWK2cGfM<\/a><\/p>\n<p>&mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) <a href=\"https:\/\/twitter.com\/CryptoSays\/status\/67667456?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 2, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>How <a href=\"https:\/\/ktsl888.com\/2019\/01\/30\/investment-advisors-expect-bitcoin-reach-17570-2023\/\">BTC<\/a> trades over this weekend will likely set the tone for the coming week, but it is highly likely that a break below its support level around $3,400 will lead it to revisit its 2018 lows.<\/p>\n<pre>Featured images from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>As the cryptocurrency markets enter the weekend, many investors are expecting Bitcoin (BTC) to see increased levels of volatility, as it has made some relatively large price swings over the past few weekends. Although this volatility has been negative thus far, one cryptocurrency analyst now expects Bitcoin to possibly see a large upwards price swing in the next couple of days as long as it is able to finish the weekend above $3,480. Bitcoin (BTC) Typically Sees Increased Volatility During Weekends At the time of writing, Bitcoin is trading down marginally at its current price of $3,475. BTC has been stable in the upper-$3,400 region for the past several days after breaking below its previously established support level around $3,550. Bitcoin\u2019s typical weekend volatility around its current price levels first began on Saturday, January 19th, when BTC jumped to $3,750 from $3,650, before dropping back to $3,550. This drop established $3,550 as a level of relative support for the next week, until it finally broke below this price level on Sunday, January 27th, when it fell to lows of $3,400. Although $3,400 has held as a level of support for the past several days, many analysts have previously speculated that Bitcoin will not see any major buying support until it revisits its 2018 lows that are set at around $3,200. Analyst Claims Bitcoin Could Surge in Coming Days In a recent tweet from Mitoshi Kaku, a popular cryptocurrency analyst on Twitter, he explained that Bitcoin may see a bullish price move in the next couple of days based on data from the Gann Price Cycle. \u201cJust finished a deeper $BTC analysis. I decided to move my longs around $3370 and a bullish break out around Feb 3\/4. (Gann Time Cycle) &#8211; It is time things turns around!\u201d Just finished a deeper $BTC analysis. I decided to move my longs around $3370 and a bullish break out around Feb 3\/4. (Gann Time Cycle) &#8211; It is time things turns around! \ud83d\udc02 pic.twitter.com\/7H55PxYtRG &mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) February 1, 2019 He later noted that he would like to see BTC\u2019s price climb above $3,480 in order for the aforementioned bullish price move to remain in play, but also said that he is looking to enter new long positions around $3,280 if BTC drops further. \u201cClosed my longs partially here, for the rest I would love something around 3480 \/\/ Weekend getaway is here so I&#8217;ll probably fill lower longs in the next few days, looking at 3280. Long SL Order set too if the price breaks the HTF Resistance,\u201d he explained. Closed my longs partially here, for the rest I would love something around 3480 \/\/ Weekend getaway is here so I&#39;ll probably fill lower longs in the next few days, looking at 3280. Long SL Order set too if the price breaks the HTF Resistance. $BTC pic.twitter.com\/3DlWK2cGfM &mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) February 2, 2019 How BTC trades over this weekend will likely set the tone for the coming week, but it is highly likely that a break below its support level around $3,400 will lead it to revisit its 2018 lows. Featured images from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":370117,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,6664],"class_list":["post-370114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-crypto"],"acf":[],"yoast_head":"\n<title>Analyst: Bitcoin (BTC) May Soon Flip Bullish if Able to Finish Weekend Above $3,480<\/title>\n<meta name=\"description\" content=\"One analyst expects Bitcoin (BTC) to possibly see an upwards price swing in the next couple of days as long as it is able to finish the weekend above $3,480\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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