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Price Prediction
Bitcoin USDT (BTCUSDT)
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Bitcoin Price Prediction
Predicting the price of Bitcoin is a tough task and requires extensive research, patience, and a specific set of data. To predict the price of the original cryptocurrency, you will have to look at past performance (although that’s not always an indication of future results), current events, and forward-looking guidance.
Fundamental Analysis
Fundamental analysis is essential if you want to stay ahead of price moves and anticipate the next leg up or down. This type of analysis comprises news, events, milestones, and anything else that’s happening to Bitcoin or may affect its price. An example of a news report could be an interest rate decision by the Federal Reserve.
Technical Analysis
Technical analysis is the other large school of thought in trading Bitcoin and predicting its price. The technicians among us say that prices always move in trends, patterns, and formations. And that these types of moves could be used to anticipate where the price might go next. An example of a technical analysis pattern is the “Double Top” formation, which simply means that if the price had hit a specific high, and reversed course, it’s likely to test this level and get rejected again.
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