Bitcoin Analysis:- Where the Bitcoin will go, Latest Technical Analysis on Bitcoin || Mini invest

Bitcoin is the main currency in cryptocurrency. Do you want to know where the bitcoin will go? If yes, read this article.

The Bitcoin is a favorite cryptocurrency for investors. However, If anyone knows where will it go than the return on investment will more. So, Let's start.

Where the Bitcoin will go?

According to some people, the Bitcoin will go to $25000 by December 2020. It doesn't matter where will the Bitcoin will go. But as an Investor, we should know what is the maximum loss we can expect. 

First, Note this thing in your mind that you should first think about the maximum loss you can expect. After that keep trailing the stop loss above. This will keep you safe. Don't go for target because "the target is like an open sky."

Technical Analysis on Bitcoin

The Bitcoin is holding a position near $10,000. Because It is major support for it. If it is a breakdown of $10000 then it can come near to $8500. It has come down to $10000 and it has gone to $12200 and after that, it as comes again near to $10000 and taking the support. I think it will start an uptrend.

The chart of Bitcoin to analysis the trend || Mini invest |

As you can see in the above chart, The Bitcoin is taken support at $10000 and 200 EMA. The "MACD" and "Relative Strength Index ( RSI )" is also showing the diversion. These three Indicators are used to study the trend and predicate what is a chart telling us. 

What should you do? 

If you have Bitcoin then hold it and If you did not have bitcoin then you buy it. The most important thing is to keep a stop loss at $9500. Keeping the stop-loss will keep you safe from big losses. 

I hope that you have liked our analysis and tips. If you would agree with us then you can share this article with your friends. If you have any doubt then you can comment it below. We will help to solve it.