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. “In a high interest rate environment, high risk-free returns such as money market funds are more attractive to investors,” Ardern said. 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 brought 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.
