Bitcoin is a digital currency that is not tied to a centralized banking system and is increasingly popular in the world. Bitcoin is also referred to as cryptocurrency, which is a digital asset that operates independently of a central bank. In other words cryptocurrencies are still a relatively new technology, so there is a lot of unknowns when it comes to bitcoin.
Last year Bitcoin reached a high of $20,000. This year, many predict Bitcoin will finally reach $40,000, others predict $65,000. All I can say is that I don’t predict the price, and I’m not the one that can change the price. I’m just a cryptocurrency enthusiast and a voluntary journalist.
This article aims to give a prediction for the Bitcoin price by the end of 2018. $28000 is a very arbitrary price that I choose, but I think it can be achieved by the end of 2018. This prediction will be used as a reference for the price prediction of Bitcoin and other cryptocurrencies in early 2019.. Read more about bitcoin in 2030 and let us know what you think.Summary of the situation
- Bitcoin price forecasts highlight BTC’s continued consolidation as it remains centrally located in the $38,000 price range.
- Bitcoin has formed a bearish pennant, suggesting that the crypto-currency may soon fall towards the $28,000 price area.
- Against all odds, preparations for Bitcoin Convocation 2021 continue, with over 21,000 confirmed participants.
Today is the 3rd. June, the cryptocurrency market started the day on the good side, with the price of bitcoin currently hovering around $38,800. Bitcoin currently dominates the market at about 42%, down about 0.5% for the day.
Bitcoin Price Forecast: Price Overview
Bitcoin’s price movement has been on an upward trend since the beginning of June, with the cryptocurrency on an upward trend since the first quarter. June was up about 9%. If bitcoin continues a similar upward trend, the number one cryptocurrency could cross the $46,500 mark or see a 20% increase from its current price of $38,800. To reach this stage, however, bitcoin must overcome two key resistance levels. The first resistance level investors should consider is the first supply barrier at around $41,900, which is also the right shoulder axis and delivery area. The coverage range is $43,000 to approximately $46,630. While it is unlikely that bitcoin will close the day above the 12-hour candle around the $46,630 price area, the king of crypto-currencies could see a significant price rally. On the other hand, if the number one cryptocurrency fails to close the day above the $34,049 area, all bullish prospects will disappear.
Bitcoin price movements in the last 24 hours
Source: TradingView Although bitcoin is currently positively trending, the cryptocurrency has been trading in a sideways trend around the $38,000 mark in recent days. During this trend, bitcoin lost its bullish momentum towards the $40,000 level, while its immediate support line at $36,000 came into play multiple times. Furthermore, the 24-hour price chart shows that the bitcoin price movement has formed a reversal and continuation pattern, better known as the pennant pattern. So the cryptocurrency at the top could see its wealth decline as this model matures. This will automatically send bitcoin prices to levels below $30,000 around $27,000. It should be noted that pennants generally last one to three weeks.
4 Hour Bitcoin Card
Source: TradingView A look at bitcoin’s 4-hour chart shows that the moving average convergence indicator (MACD) indicates that bitcoin is currently favored by the bulls. This is due to the gradual movement of the bitcoin price from its May low of -4,389 to levels above the 0.00 median line. Therefore, it should be noted that the technical indicator MACD is currently painting a bullish picture in favor of the bulls. If bitcoin maintains its current trend, the number one crypto asset could gradually resume its price rally, with bulls retesting the $40,000 price zone.
Despite bitcoin’s volatility, it seems that some investors are taking advantage of the currency’s troubles. For example, the number of whales with between 100 and 10,000 bitcoin tokens increased by about 30,000 during bitcoin’s sharp decline in the last week of May. In addition, it has been confirmed that more than 20,000 people will come to Miami for Bitcoin Convection 2021, the largest bitcoin conference in history. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.If you are involved in bitcoin, chances are you’ve heard of the cryptocurrency called “bitcoin” and the price fluctuation surrounding its value. This article is here to explain what bitcoin is and how it works. It will cover the history of bitcoin, its price, and its many uses and applications. Lastly, it will predict where bitcoin will end up by the year 2020, in the hopes of helping people make better decisions about cryptocurrency in the future.. Read more about why did bitcoin spike and let us know what you think.
Frequently Asked Questions
What will bitcoin be worth in 2023?
It’s nearly impossible to predict how the future will unfold, but one thing is certain: Bitcoin will be a major player in the blockchain industry in 2023. According to a report by finance company PwC, the value of the Bitcoin could reach as high as $28,000 by 2023.
What will Bitcoins be worth in 2050?
Bitcoin, the virtual currency that was created in 2009, is quickly becoming popular worldwide. The price of Bitcoin’s digital coins has tripled in the last six months. Bitcoin is now the most traded digital currency in the world, and is the fifth most valuable currency on the Internet. The Bitcoin price is at its highest value in history, but there is no telling how much it will go up in the future. The explosive growth in Bitcoin’s price has been nothing short of amazing. Over the past year, the cryptocurrency’s value increased by over 3,000%, and it stands to gain more traction as it adapts to meet the needs of a larger global population. Although the price has fluctuated wildly, Bitcoin has seen many high points as the financial world becomes more digitized and the number of people who invest in the currency increases.
What will bitcoin be worth 2040?
Today a Bitcoin is worth nearly $9,000 (as of Feb. 4th, 2018). This is almost 15 times over the initial price, which was worth $0.008 in 2009. Many Bitcoin enthusiasts will tell you that it will hit $1 million by 2040. This is a lofty goal, but if Bitcoin were to be valued in $1 million, it would be worth $8,000 today. Only a few years ago, it was worth $0.01, yet people are already calling it a bubble, and are predicting that it will never reach $1 million. If you believe in Bitcoin, then you believe in the future. Since bitcoin hit the mainstream in 2013, it has had a fairly consistent price, fluctuating between $1000 and $24,000. In the last 10 years, bitcoin has been one of the most volatile markets in the world, with a gain of about 100,000% over the period. As such, predicting the price of this highly volatile market is not a simple task. Bitcoin has come a long way and has the potential for a lot of growth in the future. 2017’s market looks different from what we have seen in 2013, and the same can be said for 2018. The bitcoin space is still young and there is a lot of room for it to grow in a positive way.
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