When deciding on if Bifrost (BFC) is a good investment for you, taking into account risk and reward is crucial. We can predict the price of BFC both in the short term and long term, but expectations need to be reasonable for each. Long term we think BFC will appreciate based on the fundamentals of the Bifrost project and the progress the Team is making towards their roadmap goals and milestones.
By using Technical Analysis we are able to predict what the price of BFC may be in the short term and calculate our investment sizes accordingly. Using horizontal resistance and support levels, moving averages, various indicators and other techniques, you can make an educated price prediction on whether the price will go up or down in the next few days, weeks and months.
The cryptocurrency market is extremely volatile and hard to predict in the long term so researching the fundamentals and progress of Bifrost is an essential task before deciding to invest any amount of funds for the long term with the aim of holding for months or years. When analyzing the price of Bifrost to form a price prediction for the short or long term, taking both technical and fundamental analysis into account is essential.