bitcoin price analysis

Bitcoin remains in a tight trading range between $56,400 and $59,700 as it begins to knock on the door of the major $60,000 level of resistance. As a result, there was a bearish reaction below the $58,000 support. By Elena R Follow on Twitter Send an email April 1, 2021. Therefore, the ‘saving grace’ could be the 200 Simple Moving Average (SMA) on the daily chart. Bitcoin saw another sharp 17% price drop today, causing the cryptocurrency to spike as low as $36,250 as of writing these lines. Bitcoin has had a good 2020 to date, breaking through $12,000 on August 18 and reaching its highest level since August 2019. Bitcoin gained +2.6% in the last 30 days. Conservative Bitcoin price prediction for 2021 is $7,000. RECOMMENDED READ: Bitcoin SV, Neo, VeChain Price Movement Analysis for 18th February 2021 It is worth noting, though, that XRP seemed to be keeping up reasonably well in comparison to other altcoins on the market. Bitcoin Price Analysis | Bitcoin price prediction highlights BTC’s price dip continuation over the weekend trade session, leading to a 3-month low. Follow the Bitcoin price live with the interactive, real-time chart and read our expert articles on the latest BTC news, forecast and technical analysis. There are various criteria for specific exchanges to be included in BPI, which are currently (when the analysis was undertaken) met by three exchanges:Bitfinex, Bitstamp and BTC-e. Bitcoin price extended its decline below the $45,000 support zone against the US Dollar. Bitcoin price struggled to clear the $59,500 resistance zone on a couple of occasions. The pioneer cryptocurrency downtrend seems unstoppable from a short-term technical analysis perspective. Bitcoin Price Analysis Bitcoin Price Analysis: Poised for Massive Uptrend, Can BTC Break ATH? Bitcoin is in more turmoil after losing ground above $45,000 and extending the losses below last week’s formidable support at $42,000. Bullish Bitcoin price prediction for October 2020 can go over $11200. Bitcoin started a major decline from well above $50,000 and it even traded close to $45,000; The price is now trading well below $45,000 and the 100 hourly simple moving average. This Bitcoin Price Prediction 2021 article is based on technical analysis alone. It has recently given back some of the gains, trading in a tight range around $10,500. The 50-day moving average is a key psychological level that is … Bitcoin bullish price prediction for October 2021 is up to $22,000. Bitcoin Price Analysis. Bitcoin price trend analysis. BTC is declining and it could soon test $42,000 or $40,000 in the near term. Looking at the BTC price trend, there’s short-term resistance around the $10,800 level. Bitcoin Price Analysis: BTC is Now 40% Below ATH, Bulls Eye the MA-200 Crucial Level Author: Yaz Sheikh Last Updated May 19, 2021 @ 12:16. Bitcoin stood at $55,870 on Tuesday, around 14% off an all-time high of near $65,000 touched in April. The Bitcoin price index (BPI) is an index of the exchange rate between the US dollar (USD) and the Bitcoin (BTC). Bitcoin is the Big boy of Cryptomarkets, which has proved its worth time and again.

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