Bitcoin Price Prediction: BTC Struggles to RISE as NASDAQ retreats further on Monday. 2022 Prediction Revised lower to $41,072

Bitcoin Price Prediction: BTC Struggles to RISE as NASDAQ retreats further on Monday. 2022 Prediction Revised lower to $41,072
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May 17th, Bitcoin Price Prediction: Bitcoin is likely to trade in a range between $29,812 and $30,098. The Overall Outlook is Positive

Bitcoin Price Prediction 2022: $41,072 (Revised lower on May 15th)

Bitcoin Price Prediction 2025: $84,505

Current Price of Bitcoin

BTC Bitcoin Price Prediction: Performance Analysis

BTC rose higher yesterday but then lost steam after NASDAQ opened and has been struggling to rise higher after NASDAQ closed lower. The outlook has turned positive but volume growth has been weak indicating a weak bounce later today.

Screenshot 2022 05 17 at 8.29.44 AM
Bitcoin
NASDAQ
Ethereum
Last 5 days
+2.2%
-2.0%
+1.5%
YTD
-37.2%
-26.3%
-45.8%

Crowd’s Voice

Ethan Connally on Twitter: “Long $BTC / USDT: It is always a good strategy to buy low and sell high, $BTC has been under some routine manipulation by the whales, before big moves. Bitcoin had made an ABC correction and tapped the 0.618 fibonacci correction. This is your last chance… https://t.co/asSntBRlmB pic.twitter.com/ob4QZjkexH / Twitter”

Long $BTC / USDT: It is always a good strategy to buy low and sell high, $BTC has been under some routine manipulation by the whales, before big moves. Bitcoin had made an ABC correction and tapped the 0.618 fibonacci correction. This is your last chance… https://t.co/asSntBRlmB pic.twitter.com/ob4QZjkexH

Click here to participate in our Best Crypto to buy now Poll. Takes 25 seconds, One question only

BTC Bitcoin Price Prediction: Today’s Outlook

Indicator
Trend
Price
Lower
Technical
Buy
Trading Volume
Higher
Google Search Volumes
Steady
Social Media Buzz
Higher
Social Media Sentiment
Higher

Read about Ethereum Price Prediction

BTC Bitcoin Price Prediction Daily: Technicals

Support
Resistance
Recommendation
$ 29,667 (S3)
$ 30,146 (R1)
Buy
$ 29,957 (S3)
$ 30,049 (R1)
Buy

Latest Bitcoin Technical Analysis Video

Read: Cardano Price Prediction

BTC Price Prediction Daily and Forecast: Market Cap and Volume Data

Value
Trend
Market Cap Rank
1st
Steady
Current Market Cap
$ 572 B
Lower
Volume Traded in Terms of $ Value
$ 32.2 B
Higher

BTC Bitcoin Price Prediction: Google Search Trends

The interest level on Google for Bitcoin is the same as yesterday.[Please move the cursor on the chart to see the latest interest levels and compare them with 24 hours ago]

Bitcoin Price Prediction: How many BTC Holders are in Profit?

Holders Making Money At Current Price as per IntoTheBlock

Date
% of Investors making Money
% of Investors Losing Money
May 17th
51%
46%
May 15th
51%
47%
April 30th
58%
37%
April 15th
61%
35%
March 31st
71%
27%

Latest Bitcoin-related Tweets

Originally tweeted by CryptoFIBO 2.0 (@CryptoFIBO2) on May 17, 2022.

$BTC
The 4H also forms a massive bearish divergence. Pay attention to the chart.
I would be careful if you are long.

FS7Q30jX0AAOOrE

Originally tweeted by Logan Kane (@LoganBTCKane) on May 17, 2022.

$BTC Small Rally to 35k?.. Hmm possible! 🤔: After spending time examining bitcoin on the higher time frames it looks like it’s very possible that we could see a small rally to 35k. Now this doesn’t mean we are now on the road to 100k just yet, it could…

FS7MV 8VIAEZYRG

Bitcoin Price Prediction: Latest Bitcoin News

  1. Analysts flag Bitcoin price levels to watch after LFG sells 80K BTC
  2. Good riddance to meme speculators ditching Bitcoin: expert
  3. Bitcoin Has Failed as an Alternative Money, says Former Fed Chairman

Read: Solana Price Prediction

Bitcoin Price USD Prediction: Social Media Buzz

LunarCrush Statistics
Volume/ Rank
Trend
481 k
Higher
2.4 B
Higher

Bitcoin Price USD Prediction: Social Media Sentiment

Last 7 Days
Last 24 Hours
Trend
Net Social Media Sentiment ($BTC)
-4.5%
-1.7%
Higher

Bitcoin Price Prediction 2022

Date
Price
Average Bitcoin Price Prediction 2022
May 15th, 2022
$41,072
May
$42,664
May
$37,540
May
$43,011

Bitcoin Price Prediction 2025

Date
Price
Average Bitcoin Price Prediction 2025
May 15th, 2022
$84,505
May
$126,610
May
$53,138
May
$73,768

What is Bitcoin?

Bitcoin is a decentralized digital currency that is gradually becoming an alternative to fiat currency. It was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.

The very first Bitcoin token was issued in the year 2009.

Features of Bitcoin

  1. Bitcoin uses peer-to-peer network and does not have any central authority.
  2. The Bitcoin ledger is public and any person can store it on their computer.
  3. Anyone can create a Bitcoin token and can be transferred to any of the wallets however,  the owners of bitcoin addresses cannot be identified, but any Bitcoin transaction made can be accessed by anyone, anywhere.
  4. There is no single ledger and anyone can store Bitcoin. The process of storing is called Mining and the ones storing are called miners.
  5. No approval is required for the completion of a Bitcoin transaction. It is done by the network itself without the interference of any third-party system.

Price History of Bitcoin

2012: In 2012, bitcoin prices started at $5.27, growing to $13.30 for the year.

2013: The price of Bitcoin started soring in 2013. From $13.30 it went to $770 by 1 January 2014.

2014: In 2014, the price fell from $770 and by the end of 2014 price of 1 Bitcoin was $314.

2015: In 2015, prices started at $314 and rose to $434 by the end of the year.

2017: In 2016, prices rose and climbed up to $998 by 1 January 2017.

2018: The price of Bitcoin multiple 100 folds in 2018. From $998 by the end of 2017 BTC price rose to $13,412.44 on 1 January 2018.

2019: The price on 1 January 2019 was $3,747 and by the end of 2019 Bitcoin was trading close to $7200.

2020: On January 1st Bitcoin was trading slightly over $7000 and by the end of 2020 1 BTC was valued at $29,000.

2021: Starting at slightly over $29,000, BTC prized ended 2021 at a little over $46,000. In 2021, BTC hit its all-time high of $68,789.63 on November 21st.

Countries Where Bitcoin Is Legal Tender

Countries around the world like the USA, Canada, EU allows Bitcoin trading. Countries like France, Denmark, Germany, Japan and many other countries have also allowed Bitcoin to be used in transactions and have developed forms of regulation. However, these countries have not allowed Bitcoin to be used as a Legal Tender or as an alternative to their own currencies.

Only two countries in the world have allowed Bitcoin to be used as Legal Tender. The very first country to make Bitcoin a legal tender was El Salvador. Bitcoin was adopted as legal tender in El Salvador last year.

Recently the Central African Republic (CAR) became the second country in the world to adopt Bitcoin as an official currency.

Bitcoin Mining

Bitcoin Mining is the process by which a new Bitcoin is created and released into circulation. Miners across the world use their time and processing power to mine a Bitcoin.

For Bitcoin Mining, the hardware requirement for BTC Mining are:

  • Motherboard
  • GPU
  • Hard Drive
  • RAM
  • Power Supply Unit

Note: For Mining Bitcoin one can use a normal computer. However, a high-performance GPU is an essential aspect if a person wants to mine Bitcoin. Here are the steps for Bitcoin Mining:

Bitcoin Prediction Daily and Forecast: How to Invest in Bitcoins?

Getting Bitcoins has been made easier by the day. There are multiple exchanges offering Bitcoin and other cryptocurrencies currently. Hew is steps to how to get Bitcoins:

The very first step to get or invest in Bitcoin is to choose an Exchange. There are multiple exchanges in the market. The most popular ones are:

  1. Coinbase
  2. Binance
  3. Gemini
  4. Robinhood
  5. Venmo

The second step is to decide upon the payment option. However, once you have decided the exchange, you need to fund your account. There are different methods of funding your accounts, such as bank transfers from a checking or savings account, PayPal, wire transfers, a cryptocurrency wallet or even a credit or debit card.

Note: Every exchange has its own charges with respect to funding your account.

The third step is to place your order. Once you have funded your account, you can now place your order depending upon the features provided by the exchange.

Once you place your order and your transaction is complete, you will be owning a part of Bitcoin which will be reflected in your wallet.

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 investment advisor to guide you on your financial decisions. 

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Read: Shiba Inu Price Prediction

Bitcoin Price Prediction

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17 Comments
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DecentralBuzz
7 months ago

Thanks for sharing bitcoin price prediction and forecast. This is really helpful material

Last edited 7 months ago by DecentralBuzz
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