- Bitcoin price prediction to consolidate between 52901-53986$ range
- BTC line of control lies below 45,870$ zone, looking bearish for many investors
- El Salvador again buys the dip on the spot market after Bitcoin plunges by $9K in an hour.
With the crashes to the lowest since late September, the crash is caused by uncertainty caused by the Omicron variant of COVID-19 and growing discomfort by the Federal Reserve (Fed) with high inflation. Fed Chair Jerome Powell said that the central bank might look at the term transitory from inflation discussions on Tuesday
The fall has nevertheless presented some with an opportunity to “buy the dip.” El Salvador’s president Nayib Bukele, whose country holds bitcoin on its balance sheet and has purchased coins in previous dips, has announced another purchase of 150 BTC for about $48,700 each.
Let’s dip dive into the technical analysis of BTC
Technical Analysis of BTC: Bearish 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 moving average gives an indicator about strong sell.
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): 55741.7
Resistance Level (R2): 53986.0
Resistance Level (R1): 52901.4
Support Level (S1): 45,780.87
Support Level (S2): 45,256.8
Support Level (S3): 44,980.56
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 $ 56,692 with a market capitalization of $ 1,078,044,858,866.
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.