Category: bitcoin price forecast

Bitcoin rebounds from $16,200 but stuck between stacks of critical support and resistance areas

Bitcoin called out for more buy orders after diving from the yearly high at $19,500 to the support at $16,200. BTC/USD eyes recovery to the 50 SMA before making the final leg up to the all-time high at $20,000. Bitcoin lost a significant amount of its value on Thursday during the Asian session. The losses […]

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Bitcoin dives from multi-yearly high to $18,400 despite positive on-chain metrics

Bitcoin price slumps to test support at $18,400 and the 50 SMA, respectively. The IOMAP on-chain model reveals that the least resistance path is upwards. Bitcoin price has been engulfed in selling pressure after failing to hold firmly above $19,000. The resistance at $19,500 remained unchallenged, giving bears ample time to increase their orders, thus […]

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Bitcoin on the verge of a 7% downswing before resuming the uptrend to $20,000

Bitcoin slides beneath $18,000 after rejection at $18,500, hunting a formidable support. BTC/USD is supported immensely from the on-chain perspective, but technical analysis highlights the 50 SMA as the initial key anchor. Bitcoin has retreated considerably from the recently traded new yearly high of $18,502. Buyers had hoped to establish support above $18,000 but were […]

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Bitcoin Price Sets Another New Yearly High, Grinding Closer $17,000; How Nigh Is The Reversal?

Bitcoin price blasts last week’s high to trade a new 2020 peak at $16,895. BTC/USD is poised for a retreat, but bulls hope to hold the price above $16,500 to sustain the uptrend to $17,000. Bitcoin price has rallied by more than 28% since the lows traded early November around $13,215. The flagship cryptocurrency also […]

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Bitcoin Tops $16,000 In Aggressive Fight For New Yearly High, How Nigh Is The Correction?

Bitcoin achieves new yearly highs but buyers have their eyes glued on the $20,000. A paralyzing breakdown might come into the picture if Bitcoin corrects beneath $16,000. Bitcoin finalized the journey to $16,000 Thursday, proving to the world that it is in a full-blown bull cycle and is not about to stop. The flagship cryptocurrency […]

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Bitcoin Price Eyes Another Breakout To $20,000 After Bouncing Off Crucial Support

Bitcoin has a clear path to $16,000 after confirming support at $14,500. The bellwether cryptocurrency is in the hands of the bulls as they nurture the uptrend to $20,000. Bitcoin is dancing at $15,545 amid a recovery mission from the key support highlighted by the 50 Simple Moving Average (SMA). Stability and calm have also […]

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‘Enormous Wall of Money’ Coming Into Bitcoin, Price to Reach $1 Million in 5 Years, Says Raoul Pal

‘Enormous Wall of Money’ Coming Into Bitcoin, Price to Reach $1 Million in 5 Years, Says Raoul Pal

Macro strategist Raoul Pal says the price of bitcoin will reach $1 million in five years. He attributes the price increase to adoption by large pools of investors and the “enormous wall of money” coming into bitcoin, rather than because “the world is collapsing.” $1 Million Bitcoin in 5 Years Former hedge fund manager Raoul […]

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Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase – Report

Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase – Report

Bloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 in 2017.“So, doubling that time frame for maturation could get the price toward $100,000 in […]

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