Bitcoin Technical Analysis: Experts forecast above $16,000 by end of the year

  • Bitcoin price nursing minor losses late on Monday, seen down just some 0.30%.
  • Experts panel median forecast for Bitcoin is above $16,000 by the end of this year.
  • BTC/USD over the past seven sessions, has closed up in the green on daily five of those.


BTC/USD daily chart 


Spot rate:                  6397.8

Relative change:      -0.38%

High:                         6464.0

Low:                          6316.9


Trend:                       Bullish



Support 1:                6338.2,  daily pivot point S1.

Support 2:                6254.0, daily pivot point S2..

Support 3:                6191.0, daily pivot point S3.

Resistance 1:           6476.3, 50DMA.

Resistance 2:           6585.0, 100DMA.

Resistance 3:           6632.4, daily pivot point resistance. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.