Category: bitcoin price prediction

Bitcoin price breakdown targets $25,000 despite investor sentiment remaining positive

Bitcoin slides under $33,000 risking a drop under $30,000, especially if the 50 SMA support fails to hold. Grayscale Investment’s consistent purchase of Bitcoin goes unnoticed as the market falls. Bitcoin is on the verge of a massive breakdown after losing a crucial support level. The pioneer cryptocurrency was rejected $38,000 again, opening the Pandora […]

Continue Reading

Bitcoin price back to the drawing board at sub $40 but technicals suggest an explosion to $40,000

Bitcoin revisits $34,000 to allow more buyers to enter the market as upside eyes $40,000 again. BTC/USD is drawing nigh to a massive falling wedge pattern breakout. Bitcoin price revisited support at $34,000 after rising to $40,000 last week. The recovery had been gradual but steady. BTC bulls fought massively for gains above $38,000. However, […]

Continue Reading

Bitcoin displays strong technicals for new record high as futures open interest hit $13 billion

Bitcoin retests $40,000 after recovery almost 30% in two days. Bitcoin open interest increases 74% from the previous month, suggesting high investor optimism. Bitcoin has brushed shoulders with $40,000 again following the early week breakdown to $30,000. The pioneer cryptocurrency has presented a strong bullish front in the last couple of days by first, holding […]

Continue Reading

Bitcoin freefalls to $30,000 but recovery to $40,000 seems imminent as on-chain metrics stay strong

Bitcoin recovery to $40,000 will not come easy despite the bounce at $30,000. On-chain metrics like the network growth remain strongly bullish suggesting that Bitcoin is still strong enough to reclaim the lost ground. Bitcoin is struggling to stay afloat at $30,000 after rebounding from the fall to $30,000 on Monday. The pioneer cryptocurrency came […]

Continue Reading

Bitcoin price pulls back from $40,000 but speculators see it at $50,000 in the near-term

Bitcoin price rejected from the historical record at $40,000 but short term support expected at $37,500. Speculators believe that BTC has a long way to go, placing their short term goal at $50,000. Bitcoin hit $40,000 for the first time in history but this was not a surprise to many. The flagship cryptocurrency has been […]

Continue Reading

Bitcoin price imminent leap to $40,000 awaits breakout at this key level

Bitcoin bulls nurture the uptrend towards the much-anticipated run-up to $40,000. BTC/USD immediate upside is capped by the ascending parallel channel’s upper boundary resistance. Bitcoin is on the verge of the ultimate breakout to $40,000. The push to rally to this new all-time high comes after the flagship cryptocurrency pierced through the resistance at $35,000 […]

Continue Reading

Bitcoin price poised for an 11% dump to $30,000 before the rally to new all-time high resumes

Bitcoin price faces a growing bearish grip after failing to settle above the immediate resistance at $34,000. The bellwether cryptocurrency is on the verge of a breakdown to $30,000, mostly if the immediate support at $32,000 caves. Bitcoin has managed to recover from the recent 20% dump from the new all-time high at $34,807 to […]

Continue Reading

Bitcoin (BTC) Institutional Inflows Show No Signs of Slowing Down , Grayscale Bitcoin Trust Clocks $16.3 Billion

Wondering why Bitcoin (BTC) hasn’t corrected much from its all-time high above $28,000? Well, the institutional inflows into Bitcoin (BTC) shows no signs of slowing down despite the massive rally recently. Citing data from Bybt.com, crypto analyst Joseph Young shows that institutional inflows in the Grayscale Bitcoin Trust (GBTC) have been at their peak in […]

Continue Reading

Bitcoin end-year rally takes a hiatus under $24,000 but the journey to $30,000 just started

Bitcoin hits a wall under $24,000 but confirms support slightly above $22,000. The bullish outlook has been validated by a golden cross pattern on the 4-hour chart. Bitcoin continued with the remarkable uptrend on Thursday to new all-time highs. As reported, the flagship cryptocurrency is currently in price discovery and could rise to any level […]

Continue Reading

Bitcoin (BTC) Above $22K, Guggenheim’s Scott Minerd Predicts $400,000 Target

There’s no stopping the Bitcoin (BTC) price rally at the moment as the world’s largest cryptocurrency has surged over 13.5% to move past $22,000 levels hitting a new all-time high. The Bitcoin Charts on CoinMarketCap shows that it has moved all the way to $22,066 before recovering marginally. At press time, BTC is trading at […]

Continue Reading