Buy BCH with credit card
As of 2023 September 08, Friday current price of BTC is $25754.30 and our data indicates that the asset price has been in an uptrend for the past 1 year (or since its inception). Bitcoin chart analysis Contrarily, if bulls push the price above the 20-day EMA, the ADA/USDT pair could challenge the resistance at the 50-day SMA ($0.28). If this level is scaled, the pair is likely to rise to $0.32.
Still, there could be a possibility that the BTC price could touch $12,000 as it is displaying the strong bullish momentum. The range between Bitcoin’s lowest and highest trading prices over the last 24 hours is $11,110.07 – $11,780.05. This would build trust in the bullish market further climbing Bitcoin price to $12,000. We wish you happy trading! XRP price analysis Based on the historical price movements of Bitcoin and the BTC halving cycles, the yearly low Bitcoin price prediction for 2024 is estimated at $ 26,463. Meanwhile, the price of Bitcoin is predicted to reach as high as $ 84,181 next year. Using the same basis, here is the Bitcoin price prediction for each year up until 2030.
Bitcoin (BTC) has corrected to below $26,000 following an unsuccessful attempt to breach the $30,000 mark, widely regarded as a critical resistance point for initiating a new bull run. Recent price movements have left some analysts pondering the cryptocurrency’s uncertain future. Moving AveragesSep 08, 2023 02:32PM GMT The dominance of a coin resembles the market cap share of the whole crypto market. Especially for Bitcoin, we think that a rise in Bitcoin dominance is caused by a fear of (and thus a reduction of) too speculative alt-coin investments, since Bitcoin is becoming more and more the safe haven of crypto. On the other side, when Bitcoin dominance shrinks, people are getting more greedy by investing in more risky alt-coins, dreaming of their chance in next big bull run. Anyhow, analyzing the dominance for a coin other than Bitcoin, you could argue the other way round, since more interest in an alt-coin may conclude a bullish/greedy behaviour for that specific coin.
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected]. Bitcoin price prediction as BTC faces ‘bull trap of the year’ Zaman S, Yaqub U, Saleem T (2022) Analysis of bitcoin’s price spike in context of Elon Musk’s twitter activity. Glob Knowl Memory Commun
