As we have seen in recent weeks, the crypto market has an erratic behavior. Since September, a downward trend has been observed in general, highlighting the events of September 24. After that day, volatility increased considerably. For this reason, to start the month, we bring the predictions of the twitter guru, CNBC analyst, Big Cheds. Which made a prediction of Bitcoin for the short and long term.Big Cheds stands out from other analysts that he publishes his opinion of the market every day, analyzing various graphs during the day. Among these graphs there are variations in prices in the last hours, end of the week or month.
His opinion consists in explaining what is happening in the present and, you must in time, make a prediction for the future.
In an interview with CoinTelegrah he released the following comment, his Bitcoin prediction being:
“There is support here since July 2018 and May 2019, so it is not unlikely that we will see a short-term rebound. In addition, there is a hidden bullish divergence with the low low price of the OBV, which suggests a bullish continuation ».
In simple Castilian, this comment on the prediction of Bitcoin, implies that in the short term the fall may continue to occur, highlighting what appears to be a constant resistance at $ 8,000. Therefore, in the next few days, capable until weeks, the price of Bitcoin will continue to oscillate as we have seen.