#MarketSentimentToday
Overview / Price
Bitcoin Price Prediction
The latest price for one Bitcoin/BTC coin is $63,926. It's up by 4% in the last 24 hours. 52.97% of days, the price of BTC closed above the opening. The maximum price ever recorded in our base for one BTC is $72,689, it was and Month ago, currently price is down by -12.06% from that high.
From a total of 17 technical indicators, 9 calls to buy, and 4 to sell, the prediction sentiment short-term is bullish based on technical price analysis. The first major uptrend resistance for BTC is at the $65,026 level, it needs to close above that level to continue to move higher, and bottom support sits at $62,441. So if the price falls below $62,441, we may see the price go even lower. On the other hand, if it will be able to close above the $65,026 level, it can go up to the next resistance level at $66,798.
The 14-day relative strength index (RSI) is currently at 47.19, indicating Natural conditions in the market without being oversold or overbought. Similarly, the weekly chart's relative strength index (RSI) is at 63.48, also indicating natural conditions in the market.
On the daily chart, exponential moving averages show a bullish signal. Bitcoin price currently sits above all 10,20,50,100, and 200-day EMAs.
Historically the price of BTC last day of May was above the open price five times out of 12, and 7 out of 12 the price was lower than the price at the start of the month. The best month for Bitcoin has been February for the last twelve years, nine times the price of BTC at the end of February was higher than the price at the start of the month. The worst month is September, eight times out of 12, the price at the end of September was lower than starting price. Check monthly performance for more details.
There were three bull runs that Bitcoin had, first ATH was in November 2013, and Bitcoin reached $1,156 soon after 413 days later price dropped to its lowest point at $211.73 before the next bull run, since November 2013 approx 4 years were needed to reach a new all-time high.
