At BitLeague, we’ve always believed in the importance of empowering our clients. These tips on predicting and assessing bitcoin’s price are in no way comprehensive, but they can definitely give you a leg up when it comes to deciding the best time to buy or sell!
Pay close attention to hourly trends
Top of the line exchange platforms like ours here at BitLeague offer to-the-minute monitoring of the current BTC value at any given time. This tool is incredibly important to learn to read, as with it, you can see exactly how BTC has trended for the day, and make an educated guess as to where it will go by day’s end. Barring any unforeseen incident that causes a price surge or a decrease, paying close attention to hourly trends can be an invaluable way to predict bitcoin’s price tendency for the day.
Keep an eye out for news
Some of the best bitcoin news aggregators include cointelegraph.com, bitcoin.com, and coindesk.com. Of course, there are hundreds more. No matter which news platform you choose, chances are they’ll run the same (or very similar) top stories. That’s one of the perks of bitcoin being a global currency — the same stories impact everyone worldwide. Keep an eye out for important articles that predict price drops or price increases. Even if the price hasn’t risen or fallen yet, the most popular articles can influence prices one way or another. After all, if everyone thinks their peers are selling their BTC, chances are they will too, in order not to lose money.
Keep your BTC somewhere it will grow
While the news and the day’s trends can help predict bitcoin’s price range to an extent, keeping your BTC in a term deposit program like ours here at BitLeague can guarantee BTC earnings no matter what the market does. While our top, 9% return plan requires a 36 month term, you can get your feet wet with a 3-month term that still returns an impressive 5.8%, guaranteed. While you may not be cashing out your BTC , it will slowly and measurably grow, month over month!
To learn more about our term deposit plan or our tools for predicting bitcoin price, register for a free account in minutes today!