Bitcoin Price Prediction

Perhaps unsurprisingly, the traditional finance world doesn’t appear nearly as bullish on Bitcoin as the crypto community. According to a poll from JP Morgan, only 5% of their clients envision the asset reaching $100 000 by the end of the year. That said, most expect it to recover from its current slump and grow at least 50% within 12 months. Wall Street’s Bitcoin Bets As reported by BNN Bloomberg, JP Morgan’s survey results show a healthy mix of bears and…

Since the introduction of Bitcoin in 2009, digital currency has seen a tremendous increase in its unit price. Crypto fanatics and investors, at times, try to predict the future unit prices of bitcoin, but it has proven to be an enormous task. In addition, investors want to understand the best time to invest in bitcoins. So, how do you predict the price of something so volatile?  The Stock-to-Flow model is quite effective at predicting bitcoin prices. Keep reading to see…

Bitcoin has been trying to surge past its current psychological price level ($10k) such that the two attempts in the past week were unsuccessful. The second attempt encountered serious rejection, leading to a decline to price levels as low as $9.2k, a level which has been attained several times within some days. Some investors have been heedful due to the lukewarm price action of Bitcoin and the possibility of additional downside movement, with a reference to its loss of the…

Bitcoin rewards halving is scheduled to happen in the next eight days and there has been debate in the cryptocurrency space regarding its short-term influence. It is undisputable that it will bring about a bullish price action in the long-term because it will cause a 50 percent annual inflation reduction for Bitcoin. However, in the short-term basis, its effects are quite speculative, and it is not easy to consider it historically due to limited data sets. However, according to an…

Like regional currencies such as the US dollar, Bitcoin is a digital currency with a finite, limited supply like Gold or Silver. Since it is based on new technology and nearly unregulated and borderless, it is highly volatile, featuring wild fluctuations in its purchasing power, which can happen intermittently over a short time. Volatility is the main reason seasoned investors in traditional markets tend to be wary of Bitcoin. However, it is also why other investors embrace it due to…

Over the past few days, Bitcoin experienced poor performance as its price plunged to $3800 on March 12th. However, the bulls started to rally the next day slightly, when the BTC price rose to $5000 and further managed to hit a high of $5900 as traders picked up the pace. Many crypto analysts, however, believe that Bitcoin will recover in the coming days. Top Analysts’ and Crypto traders’ Views on Bitcoin Prices Flib Flib, a very experienced crypto trader, anticipated…

Recently, Bitcoin received more attention with the imminent halving. Numerous individuals shared their thoughts on Bitcoin’s performance lately, as price oscillated. Individuals expressed their views on Bitcoin, capable of being a haven asset, a means of exchange, or as a tool for investment. Trace Mayer, Bitcoin Knowledge Podcast host, commented on Bitcoin’s performance and explained how the crypto asset helps people, where governments’ currencies are not usable. Mayer believes that Bitcoin empowers people to hold their keys, run their private…

The price of BTC/USD rose by over 5% above the $7700 and $7800 hurdles. The bitcoin price visited the limitation at $8000 and may soon drop. Yesterday, there was an establishment that chances of the price to rise towards the hurdles at $7800 and $8000. Nevertheless, it overcame every hurdle and surpassed the hurdle zone at $7800. Additionally, the price crossed the $7700 pivot level and the hourly SMA. Analyzing the Hourly BTC/USD Chart The BTC/USD hourly chart shows a…

The price of BTC/USD is revealing signs of a renewed upward move. Nevertheless, the price needs to maintain over $7150 to prepare a new movement towards the hurdles at $7500. The price formed a recent weekly high close to $7150, before the retracement to the downside. The price then dropped under the supports at $7400 and $7300. Additionally, the price established a low close to $7300, and the 100 hourly SMA. Eventually, the price fell below the support at $7200…