Things will get exciting in quarter four, but not before a convincing floor is put in across crypto, analysts say this week.
Bitcoin (BTC) price prediction is a precarious affair despite the host of analysts and investors hoping to make a profit. Bitcoin’s value is determined second-by-second, day-by-day by a market that never sleeps. As a cryptocurrency’s value is determined by an open market, this presents unique challenges around volatility that most currencies do not face. While cryptocurrency price prediction is an ever-moving target, market literacy is essential for someone to get the most value out of their participation in the crypto economy.
Without getting into the weeds of technical analysis, what most traders and market analysts are hoping to discern is the overall sentiment of the market, which falls into two basic categories:
- A bull market occurs when the price action appears to steadily increase. This is also known as a “pump,” as the influx of buyers increases the prices.
- A bear market occurs when the price action appears to steadily decrease. This is also known as a “dump,” as the mass sell-off results in the price going lower.
Price prediction and asset speculation is a high-risk venture, so stay tuned to Cointelegraph’s daily market analysis to better navigate the ebbs and flows of crypto.
Events in China could have been dictating Bitcoin price action not just this year, but since its genesis, data hints.22715
The illiquid supply floor demands the preservation of levels not far below $40,000 as supply drops and demand surges across the board.18143
Experts agree that a $100,000 price tag for Bitcoin by the end of the year would also exponentially boost Ether’s price.22291
El Salvador’s Bitcoin acceptance is a major win for the cryptocurrency industry, Cardano founder Charles Hoskinson believes.21329
Bitcoin is correcting after a big announcement from Michael Saylor and facing crucial resistance at $51,000.68464
The weekly MACD delivered six-month gains of 450% the last time it flipped into bullish territory.30408
The MACD indicator hints at a potential bullish crossover as Bitcoin’s price retests $40,000 as support.19667
As an early crypto bull, Unstoppable Domains CEO Matthew Gould believes that Bitcoin won’t retest its all-time high of $64,000 for at least one year.3990
Ether has more potential than Bitcoin as a newer cryptocurrency, and the latest EIP-1559 will help the token trade more like a fixed asset, Pantera Capital CEO said.22439
A new forecast for the global blockchain identity management market expects growth at a compound annual growth rate of almost 71% during 2021–2025.8986
One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum.70412
The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar.51960
The 50-week simple moving average earlier offered incredible support for Bitcoin's long-term bullish bias, but bears convincingly took it during the June 19 sell-off.34555
Celsius Network CEO Alex Mashinsky suggested that Ether has already started “flippening” Bitcoin in U.S. dollar terms.15610