BTC has been stuck around the $60,000 mark for some time now. For some time now, all btc investors have been hoping to see btc go above $100k mark.
In this article, we will look at the current btc price prediction, weekly btc analysis and news roundup.
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Bitcoin Price Prediction
Bitcoin is trading at $60,920.08 with a market cap of $1.2 trillion and 24h trading volume of $25 billion.
Let’s have a look at the chart:
The price is currently consolidating within the falling wedge chart pattern. A breakout from this pattern would signify a bullish confirmation, potentially indicating an upward trend.
Bitcoin Weekly Price Analysis
The past week has seen up and down movement of btc, with not the bearishness nor the bullishness extending to a large extent. The price has been moving inside a specific range only.
The RSI stands at 60.
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Bitcoin Latest News
- Top Bitcoin casinos have now started offering instant withdrawals on their platform via BTC.
- El Salvador Unveils Real-Time Bitcoin Treasury Tracking Platform Online
- Bitcoin-focused conference is being held in Slovenia.
- $71 Million WBTC Hacker Returns the Entirety of Funds Back to Victim
Market Sentiment and Future Outlook
BTC continues to trade in a range much to the frustration of the investors who are hoping to see btc reach $100k as soon as possible after the halving event is done. We are still very bullish on btc and see it reaching new highs soon.
Always conduct your own research and consult with a financial advisor before making any investment decisions.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
