Bitcoin is back at the top of every investor’s radar after recently setting a new all-time high. Traders Union experts publish daily BTC/USD buy and sell signals that can serve as a guide for those planning to trade Bitcoin while the trend is on.
Traders Union BTC/USD signal: buy or sell?
Traders Union’s BTC/USD signal is a trusted information source created by the association’s top analysts that tracks and predicts the future trajectory of Bitcoin price in both short and long term timeline. It is based on a number of investing indicators including technical analysis, fundamental analysis, and trending news.
Additionally, BTC/USD analysis and signals provided by Traders Union offer valuable insights into the current market sentiment and potential price movements of Bitcoin against the US dollar. As of the latest analysis, TU analysts awarded the BTC/USD pair with a ‘Strong Buy’ forecast at $69,387.57, indicating that the price will now try to break the tough resistance at the $70,000.00 round figure.
BTC/USD technical analysis verdict
TU’s prediction on the BTC/USD pair has taken into account various technical indicators and their respective ratings which change real-time. Here is the latest expert verdict based on their recent assessment:
- Relative Strength Index (RSI) – buy.
- Commodity Channel Index (CCI) – overbought.
- Awesome Oscillator – buy.
- Momentum – strong sell.
- Average Directional Index (ADX) – neutral.
- Moving Average Convergence Divergence (MACD) – buy.
- Williams %R – oversold.
- Ultimate Oscillator – overbought.
- Bull Bear Power – neutral.
- Stochastic Relative Strength Index – overbought.
- Hull Moving Average (HMA) – sell.
- Ichimoku – buy.
- Percentage Price Oscillator (PPO) – buy.
Methodology on Traders Union’s BTC/USD signal
Aside from technical analysis, statistical tools have been used to evaluate the probability of the price to rise or fall in both short and long term timeframes. Fundamental analysis has also come into play, taking note of the number of tokens in circulation, roadmap and development plans, vulnerability to attacks, and capitalization records versus key competitors to see the bigger picture.
Traders Union’s ‘Strong Buy’ rating on the BTC/USD pair also took into consideration the upcoming Bitcoin halving event in April which proved to be positive for the price based on historical records. Taking place every four years, the halving event reduces Bitcoin mining rewards into half of the current rate. Currently, miners receive 6.25 BTC for every successful block solved, in place since the most recent Bitcoin halving in May 2020.
Bitcoin Cash: Bitcoin’s most successful hard fork
Some experts are convinced that Bitcoin price will soon overheat due to the sudden influx of demand. With this, many investors are looking elsewhere, especially on tokens with close relations with the crypto major.
On top of the list is Bitcoin Cash (BCH), a Bitcoin hard fork created in August 2017. The token has shown strong performance since its creation, currently exchanging hands at $435.98. The project is known to have faster transaction speed when verifying transactions compared to Bitcoin, offering a more efficient verification process at a lower cost.
Bitcoin cash price prediction by Traders Union
The latest Bitcoin Cash prediction by Traders Union experts indicate a ‘Strong Buy’ rating at its current price of $436.40. The token is down 89% from its all-time high price of $4,000.00, making today’s price a good entry point for those looking to buy low and sell high.
According TU, the price is expected to trade between $398.71 to $487.31 in April, with an average price of $443.01. The positive momentum will carry through the remaining months of the year and BCH is expected to record its yearly high at $593.96 in December. The average price will fluctuate between $443.01 to $539.78 throughout the year, but major changes in the broader crypto market might bring big price movements along the way, both positively and negatively.
Bitcoin cash prediction for 2025, 2030, and 2035
For 2025, Traders Union experts expect Bitcoin Cash (BCH) to start 2025 at a minimum price of $497.94 and can peak at $608.60 if conditions are favorable for the crypto market. By December, BCH is forecasted to peak near $800.00 and a successful breaking of the tough resistance level can push the price further up to $1,000.00.
Meanwhile, in 2030, BCH has the potential to hit $3,500.00 apiece due to optimistic predictions for the cryptocurrency market during the year and its unique role as one of the best projects to exist within the Bitcoin blockchain.
By 2035, TU expects the Bitcoin Cash (BCH) to climb to $14,000.00 due to its strong fundamentals and increasing rarity. It is currently the 17th largest cryptocurrency by market capitalization, valued at $8.5 billion. Its circulating supply of 19,664,475 which is 93.64% of its maximum limit of 21 million.
Expert note on BTC/USD and BCH/USD
Richard Best, a Forex and crypto expert at Traders Union with 25 years of experience in the financial markets, notes that Bitcoin (BTC) and Bitcoin Cash (BCH) are two of the best cryptocurrencies to consider getting into right now. BTC is expected to continue its upward momentum while BCH is still brewing positive sentiment, making its current price an ideal entry point for those wanting to keep it for the long haul.
Richard worked as an advisor, managing director, and consultant to the industry, leaving a footprint of helpful literature contributions on financial, investment, and wealth management topics. He is a contributor to top-performing finance websites Seeking Alpha, Investopedia, Forbes, and Kiplinger, cementing his reputation as a trusted columnist in the finance world.
Wrapping it up
Traders Union’s analysis presents a bullish outlook for both Bitcoin (BTC) and Bitcoin Cash (BCH). With BTC poised to challenge the $70,000 resistance and BCH offering a promising entry point, investors may find opportunities in both cryptocurrencies, depending on their investing style and risk appetite. Technical analysis, together with fundamental factors like the upcoming Bitcoin halving event, are central to Traders Union’s ‘Strong Buy’ ratings for both cryptocurrencies.
Additionally, BCH’s potential for growth is underscored by its faster transaction speed and efficient verification process. Looking ahead, Traders Union’s predictions paint a positive trajectory for BCH, with potential for significant gains by 2035, but big drops can occur along the way. As a general rule, investors should conduct their own research and consider various factors before making investment decisions.
Disclaimer: The content of this partner post is provided by Traders Union. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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