Bitcoin Price Prediction and Forecast: BTC hovers around $ 39k

Bitcoin Price Prediction and Forecast: BTC hovers around $ 39k
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Bitcoin price prediction for next 24 hours is in a range between $ 37,677 and $ 41,883. BTC is hovering around 39k now

Average of 3 analysts

Bitcoin Price Prediction: Current Prices

The current price of Bitcoin is $ 39,002 which is 1.67% lower than 24 hours ago.

Screenshot 2021 08 03 at 7.12.02 AM

Bitcoin Price Prediction: Technicals

Support
Resistance
$ 37,162 (S3)
$ 41,654 (R1)
$ 36,356 (S3)
$ 41,813 (R1)
$ 39,512 (S3)
$ 42,182 (R1)

Bitcoin Price Prediction: Short term predictions

Momentum Summary

Current Performance
Momentum Trend
Gain over yesterday
-1.67%
-ve
Current Price as % of Resistance
98%
neutral
Number of Positive stories as % of all stories
100%
+ve

Positive

[3rd Aug] What Does Last Week’s Steep Drop in Bitcoin’s Balance on Exchanges Really Mean?

[2nd Aug] Bitcoin’s rally to $50,000 may have this roadblock in front of it

[2nd Aug] Bitcoin mining difficulty rate increases after 8 weeks of decline

[1st Aug] Bitcoin needs to do THIS to continue its bull rally

Negative/ Neutral

[1st Aug] Bitcoin Fails To Keep Above $40K, Ethereum, Dogecoin Struggle But These Minor Altcoins Are Charging Ahead

[1st Aug] Bitcoin Price Analysis: BTC retests the $42,500 mark overnight, prepares for a slow retracement?

[1st Aug] BITCOIN ‘NEITHER IN NOR OUT’ – WHY BITCOIN’S NEAR-TERM PRICE ACTION IS INFLUENCED BY THIS

[1st Aug] Bitcoin Mining Revenue has Increased by 180% in the Last 30 Days

Bitcoin Price Prediction: 2021 Predictions

Target for December 2021
Date When Predicted
$ 160,000 by December 2021
26th June 2021
$ 100,000
4th June 2021
Min $ 70,000
26th May 2021

Bitcoin Price Prediction: News Updates

Positive

[2nd Aug] PayPal reportedly assembling crypto team in Ireland as Bitcoin adoption grows

[2nd Aug] July Sees 30% Spike in Active Bitcoin Addresses as Price Recovers

[2nd Aug] World’s third largest company, Saudi Aramco is all set to mine Bitcoin?

[1st Aug] Bitcoin Fear and Greed Index Back to Greed for the First Time in 12 Weeks

Yahoo: 7 Companies with exposure to Bitcoin

Negative/Neutral

[2nd Aug] Digital asset funds suffered outflows as Bitcoin price recovered

[2nd Aug] Bitcoin sellers in ‘disbelief’ or BTC price wouldn’t still be at $41K

[1st Aug] Panic Is Suddenly Spreading Among Bitcoin, Ethereum, BNB, XRP And Dogecoin Traders Even As The Market Soars Toward A $1.7 Trillion Price

[1st Aug] Bitcoin rallies above $40,000, then pulls back again

Comparing Investments: Real Estate vs. Crypto vs. Gold

Bank of Canada: Bitcoin is speculative mania

Japanese Investors view Bitcoin quite negatively

Bitcoin Price Prediction and Forecast: BTC hovers around $ 38,000
China’s Crypto Crackdown Intensifies With New Mining Ban And Censorship

Bitcoin Price Prediction: Experts Voices

Positive

[2nd Aug] On-Chain Expert Predicts $162K Bitcoin Peak This Cycle

[1st Aug] Top Trader Flips Bullish on Bitcoin, Says He’s Accumulating As Much BTC As He Can – Here’s Why

[1st Aug] Bank of America outlines 4 potential benefits of El Salvador’s Bitcoin strategy

Ray Dalio: Bitcoin one hell of an invention

S&P: Bitcoin has become mainstream

JP Morgan: 3 reasons why BTC should be in your portfolio

Negative/ Neutral

Nassim Taleb’s Diss Of Bitcoin At Zurich: An Analysis

Roubini: Bitcoin is not a hedge against Tail risk

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

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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