Bitcoin to Brazilian Real Signals and Price Predictions

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The BTC/BRL currency pair is popular mainly in South America. Its rate largely repeats the BTC/USD chart, as the USD/BRL rate is relatively stable. The main maximum was fixed in 2021 at the level of 345-360K BRL. The main support zone is the 85-100K BRL range.


In our article, you will be able to learn the latest price forecasts and signals on the BTC/BRL currency exchange rate for 1 hour-1 week. BTC/BRL forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

Bitcoin price prediction for 1 day and for 1 week

Short-term Bitcoin forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out Bitcoin forecast for today.

NOTE!

Signals may differ on different timeframes. If you want to buy BTC and hold it for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions

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Indicator Based Technical Analysis of BTC/BRL

To find a better entry point, also find out what TradingView technical analysis tool signals for the Bitcoin (BTC/BRL) price. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

What Influences BTC/BRL Long-term Price Forecast

Bitcoin is the main asset in the BTC/BRL currency pair. This is because BRL is of interest in South America mainly, while BTC is the driver of the cryptocurrency market, which traders work with globally. The BRL exchange rate is directly or indirectly regulated by the state, while Bitcoin is predominantly a speculative instrument.


Key factors impacting the BTC/BRL price:

  • Regulator policy with respect to cryptocurrencies and cryptocurrency exchanges. Any restrictions negatively affect the exchange rate. Legislative relief or decisions in favor of cryptocurrency startups, on the contrary, contribute to the inflow of investor capital;
  • Any significant news related to top coins. These are bankruptcies of startups or exchanges, cash injections of major investors, BTC halving, etc.;
  • The state of the world economy. In moments of general stagnation, investors withdraw money in fiat to reduce liquidity risks. However, a temporary downturn in the economy may, on the contrary, contribute to the transfer of money from traditional instruments to cryptocurrencies;
  • Media actions. They most often accelerate the cost of altcoins, but this indirectly affects the cost of BTC;
  • Speculative trades of market makers. Large capital can rock the market in the short term in its favor.

Also, the monetary policy of the Central Bank and the Ministry of Economy of Brazil has a limited impact on the BTC/BRL rate, such as changes in the interest rate, GDP level, inflation, etc.

BTC/BRL Chart Online

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

How to buy BTC in Brazil?

You can buy BTC by registering on any cryptocurrency exchange convenient for you, which is licensed by a local regulator and entitled to such operations. You can also buy Bitcoin on exchange platforms by first installing a wallet that supports BTC.

What is the price prediction for BRL?

The BRL exchange rate is kept in a relatively stable range with the prospect of a slow gradual strengthening. In the BTC/BRL pair, the factors influencing Bitcoin will be of crucial importance.

When should I buy Bitcoin?

It all depends on the chosen strategy. With a long-term strategy, it is best to buy BTC at or near its historical minimum. A purchase is allowed when BTC passes 50% of its historical maximum. Short-term strategies involve making money on impulse movements in both directions. Buy BTC at the moment of a rebound from the support level, and sell when resistance is reached. Look for confirmation from fundamental factors.

What strategies are suitable for trading the BTC/BRL currency pair?

Almost any, suitable for assets with high volatility. Bitcoin and real are highly volatile instruments and complement each other perfectly in this regard.