According to CoinLore, a website that provides Bitcoin price predictions and analysis, the price of BTC can hit $48,414 in the next 10 days, based on 12 buy signals and 4 sell signals from 17 technical indicators. The website also claims that the price of BTC is currently in a significant uptrend, as it sits above all 10, 20, 50, 100, and 200-day exponential moving average saverages.
According to Google Finance, a website that provides real-time quotes and charts for crypto currencies, the price of BTC is $51,940 as of 2:06 p.m. GMT+05:00, down by 0.27% in the last 24 hoursÂł. The website also shows a candlestick chart that indicates a possible reversal pattern, as the price formed a doji candle after a strong uptrend.
According to CryptoNews, a website that covers the latest developments and trends in the crypto space, the price of BTC gained 1.4% in the last 24 hours, which could be a sign of steady growth or a pause before a dropâŽ. The website also cites a crypto analyst who expects the price of BTC to reach $112,000 this year, buoyed by ETFs flows.
According to CoinDesk, a leading media platform for crypto news and information, the Bitcoin trend indicator shows a neutral signal, meaning that the price could move in either direction in the short termÂČ. The website also reports that Bitcoin crossed $47,000 for the first time in history, propelled by historic Chinese New Year gains.
