Bitcoin price prediction: Bitcoin attempts to reach $42,000, further upside today?
One of the first things to know about bitcoin price predictions is that there are no certainties. That’s because the price of bitcoin is always changing, and so are the predictions. However, that doesn’t mean that bitcoin price predictions are not useful. The predictions can give you a good idea of what you can expect from bitcoin as well as what you should expect.
Bitcoin (BTC) has had an amazing run over the past 24 hours, and it appears that the bulls are looking to continue the move higher. The BTC/USD is currently quoted at $23,868 on Bitstamp, having surged around $2,000 in the last hour. (As ever, please note that using prices from the major exchanges can give a false impression of current bitcoin value, as they often struggle to meet demand, and the price can be significantly higher at other exchanges.) Bitcoin (BTC) Price Weekly Forecast – August 18, 2018 Bitcoin prices have been quoted in a range-bound pattern over the past few days as the market continues to consolidate. Bitcoin prices could move higher as the market continues to consolidate and
As cryptocurrency continues to attract global attention, a new record high for bitcoin price was recorded on Thursday, as the digital currency climbed to $11,871.09. This was a 3.58% increase from Wednesday, which saw bitcoin reach $11,387. The price of bitcoin saw a slight correction on Friday morning, with the currency trading at $11,351.35 at 10:32 UTC. Some analysts expect bitcoin to continue to rise in the next few days, pushing towards $12,000.. Read more about bitcoin price prediction 2025 and let us know what you think.
Summary of the situation
Last night, BTC fell back to the $35,000 level.
Resistance at the $40,000 level has been broken.
The next resistance is at the $42,000 level.
Today’s forecast for the bitcoin price is bullish, as the market continues to build a base from which the next major upside spike can be reached. Last night there was a slight pullback that led to a high above the $40,000 level. Therefore, we expect BTC/USD to continue its movement with the goal of breaking through the $42,000 resistance in the next 24 hours. Crypto-currency heat map. Source: Coin360 Overall, the market has traded in the green for the past 24 hours. Bitcoin is up nearly 8% and Ethereum is up 16%. Cardano (ADA) and Binance Coin (BNB) were the top performers, up 20%. The BTC/USD pair opened today at $38.361 after yesterday’s bearish consolidation. Over the course of the night, the market rose back to slightly higher levels, suggesting that the bulls are still in charge.
Bitcoin price movements in the last 24 hours
The BTC/USD exchange rate moved in the range of $36.581 to $40.782, indicating moderate volatility. Trading volume fell 9.2% to $55 billion over the past 24 hours.
4-Hour Chart BTC/USD – BTC continues to rise
On the 4-hour chart, we can see that the bitcoin price has peaked and is approaching the previous major resistance at $42,000. Four hourly chart BTC/USD. Source: TradingView The market has fallen by more than 50% since the last peak of $65,000 in early April. The market then began to decline for a week, and on the 19th. May found important support at $30,000. After hitting the $30,000 mark, BTC/USD fell back to $42,000 and reversed late last week. Several small lows were formed until support was found at $32,000, which is a higher swing low for the entire market structure over several weeks. Therefore, we can expect the bitcoin price movement to be a base from which a reversal will occur next month. The first sign of a coming major reversal will be a breakout of resistance at $42,000. After that, BTC/USD is expected to continue its advance towards new all-time highs.
Bitcoin Price Forecast: Supplement
The forecast for the bitcoin price is bullish, as the market has continued to rise over the past few hours. Price action over the next few days suggests that BTC/USD is forming an important reversal base from which it can continue its advance over the next month. Therefore, we expect a new rally later this week and the first target for a breakout is the resistance at $42,000. In anticipation of the rising bitcoin price, check out our latest guides on Cardano, Zcash and Bitcoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The price of bitcoin has crossed the $11,000 mark again, a gain of over 200% since the beginning of the year, and over tenfold since the beginning of 2013…. Read more about bitcoin price prediction for today and let us know what you think.
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