Hi Guys,
In the previous post (you can find hier), we got acquainted with Altcoin and the importance of Altcoin Season and now we can see how the Bitcoin price changes.
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What is the forcast for the next years?๐
It is important to point out taht I don't hold Bitcoin, but I'm impressed by what it produces. Therefore, I have read many analyzes and articles about bitcoin. And what are most of the analyses and forecast about? Let's see it.
In a short period, a monthly chart shows that each candle represents a month and shows important support and resistance zones such as the green zones at 41.000$ and 51.700$. And shows that investors have bought Bitcoin at a higher price over time and indicating good development for Bitcoin.
Taking a longer view and based on Bitcoin historical prices movements and BTC halving cycles, the yearly low price prediction for $BTC in 2025 is estimated at 60.000$.
Meanwhile some "visionary" predicted to the price of Bitcoin to reach 150.000$ next year. And I found some predictions for each year up until 2030.
And I think, more important tool for price analysis is a Bitcoin rainbow chart. You can find it a blockchaincenter.net and this chart is a long term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin.
What does prof trader say?๐ป๐ฐ
For example, Doctor Profit forecast is based on technical analysis, life cycle assessment and psychological analysis. He stated that a break above 48.500$ will take the price to the old ATH very quickly. He pointed out that the breakout, which took Bitcoin to exactly 60.000$ as predicted weeks earlier, marks the beginning of the "Golden Bull Phase". According to the analyst, any move between 48.500$ and 70.000$ is currently a gold bull market.
So, according to this informations what is your prediction? Thanks for sharing with me.
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Disclaimer: The information in this article is meant to serve as general information and should not be construed as investment advice.
