Bitcoin price predictions keep coming. We offer you thoughts on expectations in the crypto money world. Let’s see what the analysts’ opinions are.
Bitcoin price predictions
Cryptocurrency analyst “Rekt Capital” emphasized the importance of Bitcoin price failing to retrace the $27,600 level. Accordingly, the $ 27,600 level is important. If this level is not exceeded, the price will potentially go down. On the other hand, another analyst named @Alicharts says $27,640 is resistance. Accordingly, the $26,340 level is the support level. According to Ali’s analysis using the TD Sequential indicator, Bitcoin is currently in a no-trade zone on the 4-hour chart. TD sequential primarily identifies potential trend reversals in financial markets. It is also a technical analysis indicator used to identify exhaustion points. According to the expert, a sustained close outside of this area will determine the direction of Bitcoin’s trend.
Veteran crypto trader Tone Vays states that Bitcoin (BTC) will rise after weeks of consolidation. In a new strategist session, Vays addresses 122,000 YouTube subscribers. Accordingly, Bitcoin is in the “buy from the bottom” state. But he says he prefers BTC to start showing signs of strength. Vays goes on to say that Bitcoin price will likely hit a new year high once it hits $30,000.
A range forecast for BTC
Popular analyst Jason Pizzino points to the volatility. In this context, there is a four-year cycle in the Bitcoin market. However, Pizzino stated that the cryptocurrency industry could experience high volatility of up to 10 percent on both sides by the end of June. However, the analyst added that there may be movements of up to 30 percent for Bitcoin in June. Pizzino’s expectations point to the $23,000-$34,000 band for Bitcoin price.
Cryptocurrency analyst Ali Martinez focuses on Bitcoin addresses. Accordingly, 1.45 million addresses have bought more than 700,000 BTC at the price between $27,170 and $27,970, which currently represents the support wall. Martinez marks this demand wall. According to him, Bitcoin price will face little resistance to move further. There is one level that another crypto expert Matthew Hyland has highlighted will lead to a significant rise. That level is $28,240, which is the resistance point. On the other hand, this level is already near the upper end of the ticket wall shared by Martinez.
High interest environment
Griffin Ardern, a volatility trader at crypto asset management firm Blofin, points to interest. Accordingly, he said that the ongoing high interest environment will protect the odds against Bitcoin bulls. Ardern said, “In a high interest rate environment, high risk-free returns such as money market funds are more attractive to investors. Accordingly, this means that the lack of liquidity in the crypto market continues.” says. Ardern points to the $30,000 level for Bitcoin price.
Dick Lo, founder and CEO of quantitative-focused crypto trading firm TDX, said Bitcoin’s 4% rise on Sunday was a relief rally triggered by US leaders in January announcing a provision agreement to lift the $31.4 trillion debt limit. He said it might be difficult to earn more. Also, Lo said, “We see strong resistance at $28,500 in BTC. Accordingly, the first support is at the $27,350 level. Next comes a potential retest at $26,200.” says. cryptocoin.com Michaël van de Poppe, who we gave his views as, states that the fluctuation in BTC that took place in the afternoon and raised the price above $ 26,600 is the first step for Bitcoin to climb to the highest range. As a result, he states that BTC will reach $ 29,000 by next week.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.