Bitcoin Price Prediction and Forecast (Updated)

Bitcoin Price Prediction and Forecast (Updated)
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On 18th January 2021, Analysts are predicting that the average support level for Bitcoin is at $ 29800 and average resistance level is at $ 39264.

There is a 20% chance that Bitcoin will be at $ 50000 by the end of the month (Coindesk)

Bitcoin Price Prediction: Price at 3:00 AM UTC, 18th Jan 2021

Bitcoin is trading at $ 35771, down 1.7% over a 24 hour period

Bitcoin Price Prediction: Insights

Volatility for Bitcoin seems evident as value has been going up, down, and then back up again. 30% correction for the currency is essentially seen as normal on the market.

After falling significantly for two days ago, Bitcoin has recovered quite a bit and the overall narrative is positive even as the asset becomes more mainstream than ever.

Bitcoin and other private cryptocurrencies are in a race for adoption as central banks such as the Federal Reserve and the European Central Banks are looking to launch digital currencies.

Bitcoin Price Prediction: Technicals

Support Resistance
DailyFX $ 27735 (S3) $38625 (R1)
Inside Bitcoins $ 30500 $ 42000
FX Street $ 31164(S3) $ 37167 (R1)

Analysts: Bitcoin correction not over yet

Bitcoin Price Prediction: 2021 Predictions

Target for December 2021 Date When Predicted
Pantera Capital $ 115000 by August 2021 14th Jan 2021
Kinetic Capital $ 100000 14th Jan 2021
Morgan Creek Digital $ 100000 14th Jan 2021

Bitcoin Price Prediction: News Updates

  1. UBS: Bitcoin will disappear like Myspace
  2. Institutional Investors Bought $2.8 Billion in Bitcoin Through Grayscale In Q4 2020
  3. Here are the latest findings of the Benzinga Bitcoin Traders survey
  4. As a mining difficulty occurs in the Bitcoin market, the hashrate of the currency has hit 165.38 EH/s.
  5. There was a transfer of $500,000 worth of Bitcoin to prominent right wing organizations and activists in the United States to 22 different wallets, less than a month before the Capitol riot.
  6. Forbes: Wall Street is not investing in Bitcoin
  7. Bitwise survey says Financial Planners more likely to consider Bitcoin in the future
  8. Is Bitcoin a wise investment? Read this
  9. List of Public listed companies that have Bitcoin in their balance sheet
  10. With the current state of BTC, the currency will likely not fall back as low as $4,000 as it did in previous years, but a floor of $15,000 to $20,000 is possible.

Experts voice their opinions on Bitcoin investment

Bitcoin Price Prediction and Forecast (Updated)
  • Braden Perry of Kennyhertz Perry LLC claims that it should remain decentralized and not controlled by the government, rather by the people.
  • John Paul Engel, the founder of Project Be the Change, stated that though decentralization of Bitcoin would be a valid way to regulate the free market of cryptocurrency, it will leave it at risk to illegal transactions and scams.
  • Merlin Rothfeld of Online Trading Academy tweeted that Bitcoin is up 419%, while the dollar index is down by 13%.
Bitcoin Price Prediction and Forecast (Updated)

Tyler Winklevoss, cryptocurrency investor and co-founder of Winklevoss Capital Management has retweeted that Bitcoin and other cryptocurrencies are decentralizing money, giving more power to the people in regard to investing.

Bitcoin Price Prediction and Forecast (Updated)

Willy Woo, a popular BTC analyst has tweeted that Bitcoin is essentially too small to be correlated as of now.

Bitcoin Price Prediction and Forecast (Updated)

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered advisor to guide you on your financial decisions. 

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