Category: Economy

Bitcoin Price Prediction – January 22

The Bitcoin price prediction shows that BTC continues to drop as the cryptocurrency breaks beneath $36,000 and heads toward $34,000.

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

Key levels:

Resistance Levels: $40,000, $42,000, $44,000

Support Levels: $30,000, $28,000, $26,000

BTC/USD is seen dropping with a loss of 3.70% as the cryptocurrency falls beneath the $36,000 level to reach the daily low at $34,017. However, the daily chart reveals that $38,000 is a very important level as it could provide a strong resistance for the coin.

Bitcoin Price Prediction: Bitcoin Price Could Fall More

The Bitcoin price is currently trading around the lower boundary of the channel. However, a break below this trend line could cause Bitcoin to touch the support of $34,000 level. However, the king coin is in a critical position with the next few hours dictating … Read more

BTC Price Continues Bearish Run as It May Revisit $30k – January 21, 2022

On January 20, buyers failed to keep the BTC price above the $43,000 as it may revisit $30K . The crypto faced stiff resistance after the bulls broke above the $43,000 high. Bitcoin dropped sharply to the low above $38,800, after retesting the support, the downtrend continued to the low of $35,471. BTC/USD price is correcting upward as bulls bought the dips.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000

Bitcoin’s (BTC) price journey to the $30,000 psychological price level has begun. Before the recent price slump, Bitcoin has traded in a narrow range between $41,000 and $42,700. The bears were having the upper hand as they restrict upward movement below the $43,000 high. Each time BTC price rises, it will be repelled above the $42,000 … Read more

Bitcoin Price Prediction – January 20

The Bitcoin price prediction shows that BTC bulls’ comeback is likely to send the price towards the resistance level of $45,000.

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

Key levels:

Resistance Levels: $47,500, $49,500, $51,000

Support Levels: $37,500, $35,500, $33,500

The daily chart is showing that BTC/USD may be back to trade above $45,000 following a bearish correction. Today, the Asian session is characterized by a renewed upward trend whereby BTC/USD tries to cross above the upper boundary of the channel. Moreover, Bitcoin price is currently hovering 2.64% higher on the day at $42,775 around the 9-day moving average.

Bitcoin Price Prediction: Bitcoin (BTC) May Move Above $45,000

At the time of writing, the Bitcoin price is trading around the upper boundary of the channel. On a bullish note, looking at the technical indicator, the Relative Strength Index … Read more

The year 2022 started with high hopes for DOGE as it witnessed another boom in the second week of January 2022. This was because the US Consumer Price Index report saw positive reactions of Bitcoin and altcoins.

The fact that Tesla CEO Elon Musk tweeted on 14 January 2022: “Tesla merch buyable with Dogecoin”, the Dogecoin’s price rose nearly 14% alone to $0.197. Musk had tweeted on 24 December 2021: “Tesla will make some merch buyable with Doge & see how it goes.” The price of the coin then rose by 35% after this tweet. At the time of writing this report, the price of DOGE stands at $0.17 per coin.

Elon Musk Cryptocurrency Tweet on DOGE

Elon Musk Tweet on Dec 14, 2021

What are the prospects of Dogecoin as billionaire entrepreneurs like Elon Musk frequently mention its relevance and consider it as a potential currency … Read more

Ethereum Price Prediction – January 18

The Ethereum price prediction reveals that ETH is approaching a crucial support level which could take the second digital asset to the downside.

ETH/USD Market

Key Levels:

Resistance levels: $3600, $3700, $3900

Support levels: $2800, $2700, $2600

As the daily reveals, ETH/USD is currently trading down by 1.91% at its current price of $3149, which marks a notable decline from its daily highs of $3246.20 that was set today when the coin faces the  positive side. Meanwhile, in the past, ETH/USD has been able to find some support in the lower $3083 level, as this could be the second time of visiting.

Ethereum Price Prediction: Bears Erases the Bullish Movement for BTC

After touching the daily high of $3246 during the European session today, the Ethereum price now continues to face the downside as the coin slides … Read more