Category: bitcoin price prediction

Bitcoin price uptrend to $65,000 decelerates amid potential bearish comeback

Bitcoin recovery hit a barrier at $64,000, hindering movement to $65,000. The ascending parallel channel lower edge support is under tremendous pressure to give to bearish advances. Bitcoin has resumed the sluggish price action a day after hitting a new record high close to $65,000. The recent upswing occurred after Coinbase was directly listed on […]

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Bitcoin price rolls on the runway ready for takeoff to $70,000 as market cap nears $2 trillion

Bitcoin crosses the $63,000 mark as uplift to $70,000 becomes apparent. The ascending parallel channel appears to have secured BTC’s uptrend. Closing the day under the channel’s middle boundary support could pave the way for correction. Bitcoin spurred action across the cryptocurrency market on making a confirmed break above $60,000. Moreover, lifting above the recent […]

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Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

Guggenheim CIO Scott Minerd has warned crypto investors about bitcoin’s pullback. He said bitcoin “clearly has gotten caught in a speculative bubble that Gamestop got into.” However, he noted that it will be a “great entry point” for long-term investors. ‘Great Entry Point’ for Bitcoin Investors The chief investment officer (CIO) of Guggenheim Partners, Scott […]

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Bitcoin Price Prediction: These two crucial levels could define BTC future

Bitcoin’s upside capped by the 50 SMA on the four-hour chart, delaying upswing past $60,000. BTC’s short-term technical levels have started to improve, including the MACD. The 100 SMA support must be defended to avert potential declines toward $50,000. Bitcoin exchanges hands slightly under $58,000 at the time of writing. Recovery from this week’s drop […]

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Bitcoin price stuck in a range as bulls plan to ace the tug of war for upswing past $60,000

Bitcoin knocks at the Bollinger band middle boundary resistance while nurturing a new uptrend. A falling wedge pattern points at BTC potential breakout above $60,000. The hurdle at the 100 SMA on the four-hour chart could lead to an increase in overhead pressure. Bitcoin slumped to $56,000 on Wednesday following widespread declines in the market. […]

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Bitcoin Price Prediction: BTC crucial technical pattern could soon bolster the price to $64,000

Bitcoin trades in a rectangle pattern ahead of a potentially massive breakout. The short-term analysis validates BTC’s range trading based on the MACD. A break below the 100 SMA and the 200 SMA on the four-hour chart may culminate in massive losses toward $50,000. Bitcoin has for over a week now been stuck under $60,000. […]

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Bitcoin Price Prediction: BTC on the verge of 10% technical retracement

Bitcoin is moving toward a colossal breakdown likely to test lows under $53,000. A falling wedge pattern on the four-hour chart presents a bearish outlook for BTC. Bitcoin has for some time been stuck in a narrow range between $58,000 and $59,500. Attempts to hit highs above $60,000 have been thwarted. At the time of […]

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Bitcoin Price Prediction: BTC resumes ultimate liftoff to $62,000 as Visa support cryptocurrency transaction

Bitcoin nurtures an uptrend to $62,000 as investors respond to Visa’s groundbreaking news. BTC is in the hands of the bulls based on the MACD on the 4-hour chart. Bitcoin is exchanging hands slightly above $58,000 in the wake of a key technical breakout. Price action has been consistently bullish since Visa Inc. announced that […]

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Bitcoin Price Prediction: BTC closes the gap to $60,000 as correction lingers

Bitcoin breaks out of a falling wedge but runs out of steam before tackling $60,000. A death cross pattern on the 4-hour chart hints at increasing selling pressure in the near-term. Bitcoin embraced support at $54,500 during the recent dive under $60,000. Improving short-term technical levels have led to a formidable recovery, with Bitcoin moving […]

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Bitcoin Price Prediction: BTC freefall unstoppable, eyes $50,000

Bitcoin struggles to secure support at $54,000 as a drop to $50,000 becomes apparent. The short-term analysis shows that the least resistance path is downwards. Support above $54,000 will shift the bulls’ attention toward $60,000. Bitcoin lifted to new all-time highs above $60,000 over the weekend. The real break saw the flagship cryptocurrency hit a […]

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