Here is information about the latest BTC price movements and some predictions:
1. **Latest BTC Price Movement**:
- BTC experienced a rapid decline in the last few hours. The price drops from $66,800 to $64,980. However, this decline is considered a market correction.
- This correction is based on 1 day candle chart analysis. Currently, BTC is back to $65,000, which is a psychological barrier almost entirely faced during the “crypto winter” of 2022 and 2023.
- Ethereum (ETH) also experienced a similar correction, dropping more than 7% in the last 24 hours, bringing its price back to $3,200.
2. **Reasons for Market Correction**:
- The latest correction was triggered by strong US factory data, which sent the US dollar index above 105.00 for the first time in almost five months.
- The US dollar index measures the strength of the dollar against other major global currencies. Strong US factory data could influence stronger US exports, influencing BTC's recent strong performance.
3. **BTC Price Prediction**:
- Short Term Prediction (May 22, 2024): BTC is expected to rise 29.58% and reach $86,378 on May 22, 2024.
- Long Term Predictions:
- In 2025, the lowest price of BTC is expected to be $67,325, with a high of $159,163.
- In 2030, the lowest price of BTC could reach $137,357, with the highest price being $305,028.
Keep in mind that these predictions are based on historical trends, technical analysis, and the BTC halving cycle. Always do your own research and analysis before making an investment decision. 🚀💰📈
*Disclaimer: This is not investment advice. Always consult a professional before investing.*[6] [7] [8] [9] [10]
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