{"id":367491,"date":"2019-01-07T14:00:01","date_gmt":"2019-01-07T14:00:01","guid":{"rendered":"https:\/\/wncen.com\/?p=367491"},"modified":"2024-06-11T21:15:04","modified_gmt":"2024-06-11T21:15:04","slug":"bitcoin-price-analysis-btc-bulls-soar-next-target-4500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/","title":{"rendered":"Bitcoin Price Analysis: BTC Bulls Soar, Next Target $4,500"},"content":{"rendered":"<ul>\n<li><em>Bitcoin price is trading above the psychological $4,000 mark.<\/em><\/li>\n<li><em>Prices are held within a $800 range with upper limits at $4,500<\/em><\/li>\n<li><em>BitFinex and ETHFinex under maintenance<\/em><\/li>\n<li><em>DX Exchange rolls out, support Bitcoin<\/em><\/li>\n<\/ul>\n<p><em>Still, Bitcoin prices are consolidating within an $800 but likely to break above $4,500 triggering conservative traders into action. Because of the ongoing BitFinex maintenance, volatility could increase, and from candlestick arrangement, bulls will be the main benefactors.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>At spot prices, BTC is up 4.8 percent against the USD in the last day. Weekly gains are modest but bullish which bodes well with our previous Bitcoin price trade plans. If anything, we shall retain the same outlook but this time\u2014thanks to yesterday\u2019s encouraging surge above $4,000, aggressive traders can begin loading up, searching for better entries in lower time frames. There are fundamental as well as technical reasons for this outlook.<\/p>\n<h4>Fundamentals<\/h4>\n<p>First, the ongoing BitFinex server migration can be a source of volatility as three percent of the total trading volumes would be locked out for the next three to seven hours. Notice that while we expect volatility, net shorts are increasing while unexpectedly, net longs are on an uptrend hinting of demand in lower time frames. It is unusual and divergent of what logic demand.<\/p>\n<p>Further boosting price is the rollout of Estonian DX Exchange. With the promise of availing digital stock derivatives of 10 NASDAQ listed companies and supporting Bitcoin and other liquid coins, the CEO of the exchange is buoyant that they won\u2019t have a problem with the SEC and tokens are backed by real stocks held by a Cyprus based firm. Trading begins today, and already BTC has been paired with USD.<\/p>\n<h4>Technicals<\/h4>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-367492 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Bitcoin-Daily-Chart-Jan-7.png?resize=1366%2C768\" alt=\"Bitcoin\" width=\"1366\" height=\"768\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Bitcoin-Daily-Chart-Jan-7.png?w=1366 1366w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Bitcoin-Daily-Chart-Jan-7.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Bitcoin-Daily-Chart-Jan-7.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Bitcoin-Daily-Chart-Jan-7.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Bitcoin-Daily-Chart-Jan-7.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Bitcoin-Daily-Chart-Jan-7.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>On the technical front, BTC is bullish and firm above $4,000. It is the \u201cvolatility in the right direction\u201d and propelling Bitcoin prices above $4,100 was decent, above average volumes\u201425k versus 17k. Although this heightened volatility didn\u2019t drive prices above $4,500, it did confirm bulls of mid-Dec 2018. From candlestick arrangement, yesterday\u2019s gains could be the basis of higher high that could finally see prices edge and close above the 38.2 percent Fibonacci retracement level in the process beckoning buyers.<\/p>\n<p>Everything else constant, aggressive traders can buy at spot prices with first targets at $5,800&#8211;$6,000. On the other hand, there is an opportunity for conservative traders if there are sharp gains above $4,500. In that case, bulls of the week ending Dec 23 are true and ideal targets would be at $6,000 with tight stops at $4,100<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Transaction volumes are thin but on an uptrend. Breakout volumes above $4,500 should be ideally above Nov 20\u2014117k versus 37k if not above average\u2014excess of 17k.<\/p>\n<p><strong><em>All Charts Courtesy of Trading View-Trading View<\/em><\/strong><\/p>\n<p><strong><em>Disclaimer: Opinions are those of the author. Do your Research.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is trading above the psychological $4,000 mark. Prices are held within a $800 range with upper limits at $4,500 BitFinex and ETHFinex under maintenance DX Exchange rolls out, support Bitcoin Still, Bitcoin prices are consolidating within an $800 but likely to break above $4,500 triggering conservative traders into action. Because of the ongoing BitFinex maintenance, volatility could increase, and from candlestick arrangement, bulls will be the main benefactors. Bitcoin Price Analysis At spot prices, BTC is up 4.8 percent against the USD in the last day. Weekly gains are modest but bullish which bodes well with our previous Bitcoin price trade plans. If anything, we shall retain the same outlook but this time\u2014thanks to yesterday\u2019s encouraging surge above $4,000, aggressive traders can begin loading up, searching for better entries in lower time frames. There are fundamental as well as technical reasons for this outlook. Fundamentals First, the ongoing BitFinex server migration can be a source of volatility as three percent of the total trading volumes would be locked out for the next three to seven hours. Notice that while we expect volatility, net shorts are increasing while unexpectedly, net longs are on an uptrend hinting of demand in lower time frames. It is unusual and divergent of what logic demand. Further boosting price is the rollout of Estonian DX Exchange. With the promise of availing digital stock derivatives of 10 NASDAQ listed companies and supporting Bitcoin and other liquid coins, the CEO of the exchange is buoyant that they won\u2019t have a problem with the SEC and tokens are backed by real stocks held by a Cyprus based firm. Trading begins today, and already BTC has been paired with USD. Technicals On the technical front, BTC is bullish and firm above $4,000. It is the \u201cvolatility in the right direction\u201d and propelling Bitcoin prices above $4,100 was decent, above average volumes\u201425k versus 17k. Although this heightened volatility didn\u2019t drive prices above $4,500, it did confirm bulls of mid-Dec 2018. From candlestick arrangement, yesterday\u2019s gains could be the basis of higher high that could finally see prices edge and close above the 38.2 percent Fibonacci retracement level in the process beckoning buyers. Everything else constant, aggressive traders can buy at spot prices with first targets at $5,800&#8211;$6,000. On the other hand, there is an opportunity for conservative traders if there are sharp gains above $4,500. In that case, bulls of the week ending Dec 23 are true and ideal targets would be at $6,000 with tight stops at $4,100 Technical Indicators Transaction volumes are thin but on an uptrend. Breakout volumes above $4,500 should be ideally above Nov 20\u2014117k versus 37k if not above average\u2014excess of 17k. All Charts Courtesy of Trading View-Trading View Disclaimer: Opinions are those of the author. Do your Research.<\/p>\n","protected":false},"author":384,"featured_media":344600,"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":[428,925,1119],"class_list":["post-367491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitfinex","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Analysis: BTC Bulls Soar, Next Target $4,500<\/title>\n<meta name=\"description\" content=\"Bitcoin price is trading above the psychological $4,000 mark. 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Prices are held within a $800 range with upper limits at $4,500 BitFinex and ETHFinex under\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-07T14:00:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T21:15:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Bitcoin Price Analysis: BTC Bulls Soar, Next Target $4,500\",\"datePublished\":\"2019-01-07T14:00:01+00:00\",\"dateModified\":\"2024-06-11T21:15:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/\"},\"wordCount\":462,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\",\"keywords\":[\"bitcoin\",\"bitfinex\",\"btc\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/\",\"name\":\"Bitcoin Price Analysis: BTC Bulls Soar, Next Target $4,500\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\",\"datePublished\":\"2019-01-07T14:00:01+00:00\",\"dateModified\":\"2024-06-11T21:15:04+00:00\",\"description\":\"Bitcoin price is trading above the psychological $4,000 mark. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Analysis: BTC Bulls Soar, Next Target $4,500","url":"http:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitfinex","btc"],"dateCreated":"2019-01-07T14:00:01Z","datePublished":"2019-01-07T14:00:01Z","dateModified":"2024-06-11T21:15:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Analysis: BTC Bulls Soar, Next Target $4,500\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-analysis-btc-bulls-soar-next-target-4500\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-btc4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-btc4.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitfinex\",\"btc\"],\"dateCreated\":\"2019-01-07T14:00:01Z\",\"datePublished\":\"2019-01-07T14:00:01Z\",\"dateModified\":\"2024-06-11T21:15:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/367491"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=367491"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/367491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/344600"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=367491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=367491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=367491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}