Bitcoin Price Prediction
The Bitcoin price prediction indicates a potential decline towards $95,000, with current figures showing Bitcoin trading at $97,816. The market cap stands at $1.92 trillion, with a circulating supply of 19.79 million Bitcoins. Bitcoin remains the top-ranked cryptocurrency on Coinmarketcap.
BTC/USD Long-term Trend: Bullish
Chart analysis reveals that Bitcoin is currently trading between $95,384.80 and $99,507.10, showcasing a drop of 10.46% from its all-time high. Early investors have seen significant returns, emphasizing the growth potential in the crypto market.
Bitcoin Forecast
From a technical perspective, Bitcoin faces bullish prospects in the long term, with resistance levels at $110,000, $115,000, and $120,000. Key support levels lie at $85,000, $80,000, and $75,000, reinforcing the importance of strategic decision-making in trading.
BTC/USD Medium-term Trend: Ranging
Short-term analysis indicates a bearish momentum with Bitcoin trading around $97,745. Resistance at $105,000 poses a challenge, while support at $90,000 is crucial. Traders are advised to monitor moving averages for potential trend shifts.
Wall Street Pepe – a Growing Contender
As an alternative to Bitcoin, Wall Street Pepe is gaining momentum in the crypto market, attracting significant followers and raising substantial funds. With the potential for high growth, investors can capitalize on this project’s success.
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Source : insidebitcoins.com