Category: bitcoin price forecast

Bitcoin Price Forecast: BTC bulls’ bid for $40,000 delayed at $39,000 key technical level

Bitcoin has gradually but consistently lifted from $31,000 to levels near $40,000. However, the flagship cryptocurrency has not entirely broken above the resistance at $40,000, especially with immense resistance presented by the 200 Simple Moving Average (SMA) on the four-hour chart. At the time of writing, BTC trades at $38,800 following a minor rejection from […]

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Bitcoin Price Prediction: BTC bulls vigorously push toward $40,000

Bitcoin price has lifted off the week’s primary support at $31,000, allowing more buyers to come from the sidelines supporting the upswing eyeing $40,000. The move saw Bitcoin gain 13% in 24 hours while collectively bolstering the entire cryptocurrency market uphill. Polkadot is among the most improved crypto assets, with its 15% double-digit gains. Kusama […]

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Bitcoin Price Forecast: BTC needs to break $40,000 to validate the uptrend toward $50,000

Bitcoin has proved to investors that it can come out of the ditch it fell into last week by gaining considerable ground to $40,000. However, increasing skepticism in the market limits Bitcoin’s ability to continue with the uptrend. BTC corrected from highs around $40,000 but secured support at $36,400. In the meantime, the price has […]

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Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction

The instability in the cryptocurrency market last week continued throughout the weekend. A brief break above $50,000 was unsustainable, leading to another breakdown. Moreover, support at $46,000 did little to stop the massive losses; hence BTC dived near $42,000, a three-month low. Elon Musk blamed for crashing Bitcoin The founder is Tesla, Elon Musk has […]

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Bitcoin Price Forecast: BTC makes real break beyond $60,000 amidst calls for liftoff to $70,000

Bitcoin uptrend bolstered above $60,000 as bulls eye new record highs beyond $62,000. Trading above the ascending channel’s middle boundary could catapult BTC toward $70,000. The MACD on the four-hour chart shows that sideways trading could dominate the upcoming sessions. Bitcoin has sustained price action above $60,000 since Monday. Over the last couple of weeks, […]

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Bitcoin Price Prediction: BTC screams sell as short-term technical flip bearish

Bitcoin must reclaim support above the 50 SMA to allow bulls to shift the focus to $52,000. The MACD indicator has turned bearish, adding weight to the overhead pressure. Bitcoin temporally stepped above $50,000 on Monday, but bulls lost steam immediately, leaving open-air to be explored by the bears. Higher support has also become elusive, […]

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Bitcoin Price Prediction: BTC rebounds stepping above $50,000 but aiming for $60,000

Bitcoin renews the uptrend following the colossal dip from $58,000. Support at $44,860 played a critical role in the ongoing recovery, leading to gains past the 100 SMA. BTC will fail to rally to $60,000 if support above $50,000 does not hold in the near-term. The cryptocurrency market is still in red, but recoveries have […]

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Bitcoin Price Forecast: BTC hovers above $49,000, eyes glued to levels beyond $50,000

Bitcoin renews the push for gains above $50,000 after retesting support at $48,000. The 50 SMA on the 4-hour chart plays a vital role in the push for new record highs. BTC must sustain gains within the ascending channel; otherwise, a breakdown to $40,000 may occur. Bitcoin briefly stepped above $50,000 on most of the […]

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Bitcoin Price Forecast: BTC risks free fall to $38,000 ahead of massive rally to $51,000

Bitcoin rejected at $48,000 (all-time high), forcing bulls to seek support above $43,000. Some technical indicators suggest that the correction has just begun; thus, BTC could fall to $38,000. A golden cross on the 4-hour chart could invalidate the downtrend, allowing Bitcoin to resume the uptrend toward $51,000. Bitcoin surprised many following the recent spike […]

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Bitcoin price holds in consolidation ahead of the anticipated liftoff to $40,000

Bitcoin holds in a tight range between the 50 SMA and the 200 SMA on the 4-hour chart. A breakdown from $38,000 embraced support at $32,000, stopping further losses. Bitcoin must settle above $34,000 and the 200 SMA to confirm the upswing toward $40,000. Bitcoin has managed to hold above $32,000 despite the sharp plunge […]

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