- Bitcoin price prediction to consolidate between 51671-53141$ range
- BTC line of control lies below 53141$ zone, looking bullish for many investors
- The dollar is dead; the future belongs to bitcoin,” says El Salvador’s President Nayib Bukele.
Nayib Bukele, El Salvador’s president and a passionate proponent of Bitcoin, believes fiat currency has reached the end of the road for the foreseeable future. In a tweet, Bukele announced Friday that Bitcoin represents the “real revolution” that is taking place right now, and fiat currency’s days are numbered.
In this instance, the use of “fiat” refers to physical currencies like Rupees or Dollars. The 40-year-old Salvadoran President, in his latest tweet, took aim at those who have raised questions regarding El Salvador’s decision to legalize Bitcoin.
Let’s dip dive into the technical analysis of BTC
Technical Analysis of BTC: BTC sentiment in 4hour BTC/USDT Binance pair (a platform using Tradingview.com)
According to Oscillators
BTC has a bearish sentiment when examined in a 4hour chart [Pair BTC/USDT Binance] and the moving average gives a neutral indicator.
Technical Analysis: Bitcoin Price Forecast using 4EMAs (10,20,50,200) and RSI (Relative Strength Index)
Resistance and Support Levels for Day Trading BTC USDT [BTC Price Forecast]
Calculation For Trading:
Resistance Level (R3): 55520.3
Resistance Level (R2): 53141.2
Resistance Level (R1): 51671.4
Support Level (S1): 46913.2
Support Level (S2): 45443.4
Support Level (S3): 43064.3C
BTC Price Prediction: FAQs
Bitcoin (BTC/USD) Price Prediction: FAQ
|What will be the lowest price of Bitcoin (BTC) in future?||Upto $225,624.08 USD|
|What will be the highest price of Bitcoin (BTC) in future?||Upto $281,101.23 USD|
|Will Bitcoin (BTC) price increase in future?||Yes, Bitcoin (BTC) price will increase according to our predicted data in future.|
|Investment in Bitcoin (BTC) is profitable or loss-making?||Yes, Bitcoin (BTC) is profitable investment based on our forecasting.|
|Whether the price of Bitcoin (BTC) will be downward in future?||No, Bitcoin (BTC) price will not be downward based on our estimated prediction.|
|In 1 year from now what will 1 Bitcoin be worth?||The price of 1 Bitcoin (BTC) can roughly be upto $97,739.08 USD in 1 years time a 2X nearly from the current Bitcoin price.|
|Where do I buy Bitcoin?||There are many places to buy and exchange Bitcoin we list them all here.|
|What will the Bitcoin Price be tomorrow?||Our algorithm predicts that the Bitcoin Price can be upto $57,253.22 USD by tomorrow.|
|What will be the price of Bitcoin (BTC) after 1 year?||Upto $97,739.08 USD|
|What will be the price of Bitcoin (BTC) after 2 years?||Upto $103,375.65 USD|
|What will be the price of Bitcoin (BTC) after 3 years?||Upto $139,935.51 USD|
|What will be the price of Bitcoin (BTC) after 4 years?||Upto $157,768.34 USD|
|What will be the price of Bitcoin (BTC) after 5 years?||Upto $204,569.82 USD|
|What will be the price of Bitcoin (BTC) after 6 years?||Upto $201,981.42 USD|
|What will be the price of Bitcoin (BTC) after 7 years?||Upto $281,101.23 USD|
Bitcoin (BTC) price is digesting the previous week’s sales well for now and is rising further northwards in the final hours of trading. Moreover, Bitcoin dominance can prevent the formation of a new annual low for the time being.
Currently, Bitcoin (BTC) price is $ 49,981 with a market capitalization of $ 941,616,421,271.
History of bitcoin
Satoshi Nakamoto, a pseudonymous person, became known in 2009 as the creator of Bitcoin. As it turned out, his creation of a blockchain-based currency that ensures maximum transparency and security at the same time as simultaneously being scientific was regarded as highly “INCREDIBLE” and caused a great deal of turbulence during ICO pricing!
A Bitcoin transaction is verified and added to the system through the mining process, which releases it into circulation.