Experts crypto give signal bullish Bitcoin by providing BTC price predictions today.
Capo, a crypto traders popular on Twitter wrote that Bitcoin is currently trying to get into the situation bull in a short time.
According to reports DailyHodlBitcoin price has passed level The $21,000 that puts this asset in the area, where investors will start taking profits and push BTC on level lower in 2022.
“Distribution phase above level US$21,000 will encourage investors to sell which will then push prices down Bitcoin up to US$14,000 or down by 34 percent,” said Capo.
Although Capo has an opinion that Bitcoin will bearishbut the graph above also shows that the scenario becomes invalid if BTC can rally and consolidated in level US$23,000.
On Saturday (5/11/2022) the price of Bitcoin rose more than 5 percent in level US$21,377 within 24 hours.
Capo also argues that Altcoins are being bullish compared to Bitcoin. However, Altcoins themselves are expected to be bearish soon.
Today’s BTC Price Prediction: Will Be Entering US$25,000
Bitcoin price predictions today can also be seen from various other indicators. Reported from FinboldBitcoin will earn critical support by the end of 2022 and has the potential to reach level US$25,000 based on rainbow price chart from Bitcoincenter.
In 2021, Bitcoin experienced rapid development and reached level US$69,000. After that, BTC consolidated which was described by decreasing volatility and stable asset value crypto the.
When Bitcoin is in the range level US$20,000 then the market can see the underlying value of the asset. Later, investors can maximize profits and minimize losses that may occur.
However, the community at Coinmarketcap has a different opinion, namely that Bitcoin is seen as still experiencing problems bearish at the end of 2022.
Another analysis says the price of BTC is expected to be at level US$21,237 at the end of December 2022, based on data from FinboldSaturday (5/11/2022).
However, indicators moving average showed mixed results, where the average analysis results depicted “neutral” at number 7 and buy at number 10. Meanwhile, the decision to sell was at number 4.
So, today’s BTC price prediction can be seen when the asset is in stock level US $ 25,000 which became the benchmark to see the next development. [az]