Bitcoin Price Prediction and Forecast (Updated)
Bitcoin in up 6.6% in last 24 hours. The average support level for Bitcoin as on 23rd February stands at $40,492 and average resistance for the same day is $57,227.
Average of 4 analysts
Contents
Bitcoin Price Prediction: 24th Feb 2021
The current price of Bitcoin is $50,598 which is 6.6% up in last 24 hour. Check for the latest price here.
Bitcoin Price Prediction: Technicals
| Support | Resistance | |
| DailyFX | $ 35,327 (S3) | $ 57,879 (R1) |
| Inside Bitcoins | $43,000 (S3) | $65,000 (R1) |
| FX Street | $ 39,049 (S3) | $ 58,542 (R1) |
| Investing.com | $ 44,595 (S3) | $ 49,489 (R1) |
Bitcoin Price Prediction: Short term predictions
Positive
FXStreet: $ 44,214 key support level for Bitcoin
Negative/ Neutral
AMBCrypto: Current Bull run unlikely to last for long
NewsBTC: Bitcoin peak is back
Coingape: Bitcoin may fall to $38,000 before going up to $ 51000
Taleb on Bitcoin
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 |
| Citibank (Not official) | $ 318000 | November 2020 |
Seeking Alpha: Bitcoin going to $ 150000
Panxora predicts that Bitcoin will see record highs in 2021
Bitcoin Price Could Hit $100,000 by 2022, Says Early BTC Miner
Bitcoin Price Prediction: News Updates
Positive
Pymnts : Cannabis eCommerce Platform American Green To Accept Bitcoin Payments
CNBC : Square buys $170 million worth of bitcoin
Amazon is working on Digital currency solutions
ExpressUK: Bitcoin would surge of more companies accept it as payment
Uber CEO: Will consider accepting Bitcoin from customers
Morgan Stanley may bet on Bitcoin
Deutsche Bank: To offer crypto custody
Grayscale: Institutional demand for Bitcoin is up
Twitter considering adding Bitcoin to its balance sheet
Mastercard to support Bitcoin on its networks later this year
Bitcoin ETF could be listed this year
Traditional Investment Giant BNY Mellon reveals Bitcoin plans
Seeking Alpha analysis: Bitcoin is not a Ponzi scheme
Yahoo: 7 Companies with exposure to Bitcoin
Negative/Neutral
Yahoo : Bitcoin Poised for Further Losses After Two-Day Plunge Wipes Out More Than $100B
BNP Paribas: Bitcoin’s fixed supply is a problem
GM: Not interested in Bitcoin
Bank of Canada: Bitcoin is speculative mania
UBS once again warns against Crypto
Reddit User: Tesla did not buy $1.5B worth of Bitcoins (Unverified report)
JP Morgan: Big companies unlikely to invest in BTC due to volatility
Japanese Investors view Bitcoin quite negatively
Australian Central Bank says Bitcoin is really not money
India may ban Bitcoin and other cryptocurrencies to introduce their own Cryptocurrency.
Bitcoin Price Prediction: Experts Voices
Positive
MicroStrategy CEO Michael Saylor Says Bitcoin’s Market Cap Will Reach $100 Trillion
Allianz’s El-Erian: Musk’s Bitcoin move a game changer
Mexican Billionaire Ricardo Salinas Pliego puts Bitcoin on his twitter bio
Jack Dorsey of Twitter is setting up a bitcoin node
Microstrategy CEO: Over 1000 join Bitcoin Corporate webinar
UBS: Crypto Has Fundamental Flaw, Bitcoin’s Fixed Supply Could Cause Its Value to Collapse
Well Bull CEO Anthony Denier predicts Bitcoin price to surge $55,000 by the end of 2021.
Ray Dalio: Bitcoin one hell of an invention
Raoul Pal: Bitcoin could hit $50000 in February
S&P: Bitcoin has become mainstream
JP Morgan: 3 reasons why BTC should be in your portfolio
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.
Willy Woo, a popular BTC analyst has tweeted that Bitcoin is essentially too small to be correlated as of now. He recently called BTC a ‘tradeable digital religion‘
Negative/ Neutral
Roubini: Bitcoin is not a hedge against Tail risk
Billionaire: I own Bitcoin like a play thing
Wall Street Hedge fund CIO Guggenheim says that Institutional demand not enough to keep BTC above $ 30K
Lloyd Blankfein, Ex-Goldman Sachs, Regulators will get involved if BTC continues to grow.
BIS Chief: Bitcoin is a speculative asset
Blackrock CEO Larry Fink: Bitcoin is an untested asset
NASDAQ: Bitcoin vs Gold Comparison
Societe Generale: Bitcoin lacks commodity aspect of Gold
Bank Of England Governor: Bitcoin’s days are numbered
UBS: Bitcoin will disappear like Myspace. Switzerland’s largest bank UBS provides guidelines for Bitcoin investment. The bank cautions its customers about investment in Bitcoin. As per them, the investors should limit their investment amount to a limit that they can afford to lose.
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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