Category: Economy

Bitcoin Price Prediction – April 16
There has been a touch of the $65,000 price resistance level and also a revisit of the late long-featuring resistant line of $60,000. The revisit of the $60,000 occurs in today’s session.

BTC/USD Market
Key Levels:
Resistance levels: $65,000, $70,000, $75,000,
Support levels: $55,000, $50,000, $45,000

BTC/USD – Daily Chart
It has now been found technically okay to have a critical support line drawn at the vital price level of $60,000. As of the present, the crypto’s value seemingly drops to relocate its stance in the market in conformity with the formation of a buy signal created by the April 13 bullish candlestick. Both the 14-day SMA trend-line and the bullish trend-line aren’t breached to the south yet and, that suggests that hope is still brighter on the side of getting to see more upsides. The 50-day SMA still points to the north far … Read more

Bitcoin (BTC) Price Prediction – April 16, 2021
Bitcoin price now fluctuates between $62,000 and $65,000 as bulls struggle to break above the $65,000 resistance. For the past three days, the BTC/USD price has been in a downwards correction above the $62,000 support. Bitcoin will attain a new high above $70,000 if the bulls clear the resistance at $65,000.

Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000

It is no longer news that buyers have overcome the $60,000 ad $61,825 resistance levels after one month of price struggle. The breakout above the resistance levels propels the price to rally to $65,000 high. Nonetheless, for the past three days, buyers are still struggling to overcome the new resistance level at $65,000. After its initial fall to $61,306 low, BTC price resumed fluctuation between $62,000 and $64,000. Buyers have not been able to retest the … Read more

CoinShares’ Meltem Demirors has said that Bitcoin allows different investors to accumulate wealth. Bitcoin hit yet another record high on Tuesday, trading above $63,000.

Demirors’ Take On Coinbase Listing

According to the crypto strategist who spoke on CNBC’s Squawk Box, Bitcoin has created much wealth for people who weren’t part of the traditional financial system.

Demirors, who said she got into Bitcoin when it was barely 150 per coin, made these comments one day before Coinbase’s Nasdaq debut.

The CoinShares CSO said Coinbase’s public debut on Wednesday was a major milestone in the crypto world, making thousands of crypto lovers multimillionaires and billionaires. She noted that these crypto enthusiasts would probably take some of their listing proceeds and continue to invest in the crypto ecosystem.

“There’s really this nice recursive effect where this industry isn’t just about the assets. It’s now really about the companies, which we’ve been investing in … Read more

Bitcoin (BTC) Price Prediction – April 13, 2021
From every indication, Bitcoin bulls have broken the resistance at $60,000 and $61,800. The price surge has continued above the $63,000 high. This current price movement has a target price of $65,000 high. Buyers will continue the upside momentum after booking profits above the $65,000 high.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

The breaking of the resistance levels has been dramatic since February 21. Firstly, BTC/USD rebounded above the $58,000 support and the bullish momentum propel price to break the $60,000 high. The same bullish momentum retested the $61,000 high but pulled above the $60,000 support. Nonetheless, buyers retested the $61,000 overhead resistance thrice on April 10, 12, and 13 before sellers were overcome. BTC price now has accelerated price movement to resume the upside momentum. Today, Bitcoin is trading at $63,476 at the … Read more

Bitcoin (BTC) Price Prediction – April 12

BTC/USD is seen moving under $60,000 amid the struggle to extend the bullish leg above $61,000.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $64,000, $66,000, $68,000

Support Levels: $56,000, $54,000, $52,000

BTC/USD has been able to touch the daily high of $61,199. Presently, the Bitcoin price is seen trading below the $60,000 level as the coin finds its way back towards the 9-day and 21-day moving averages. Initially, trading above $60,000 has been an uphill battle for the coin, while most of the price actions above $60,000 stalled around this level.

Where is BTC Price Going Next?

According to the daily chart, the break above $62,000 is going to be a big step for bulls as this will allow them to expand their scope above $61,000 which has always been a restriction for the coin. However, … Read more