Bitcoin Price Prediction Today, Tomorrow, Week and 2023-2030
Latest Bitcoin Price
Metric | Last 24 Hours | Trend |
---|---|---|
Net Social Media Sentiment | 47.4% | Steady |
Article Coverage: Macro Summary, Latest Bitcoin News, Bitcoin Price Prediction Today, Bitcoin Price Prediction 2023-2030, Is Bitcoin a Good Investment, Bitcoin Risks, FAQs
Bitcoin Price Forecast: Latest Macro Data
- Dollar Index – DXY which was trending lower over the last 6 days is rising again. [Negative for BTC]
- Crude Oil Price – Crude Oil Price is rising once again [Negative for BTC]
Macro Summary: Negative for BTC.
Bitcoin vs. Ethereum, Performance Comparison
- Last 3 Months:-6.6%, Outperformer*
- Last 1 Year: BTC +43.8%, Outperformer
- Last 5 Years: BTC +295.7%, Underperformer
Latest Bitcoin News and Market Analysis
- Bitcoin’s average trading volume for the month of September has fallen to around $11 B per day. The average volume for the month of August was around $14 B per day.
- An ex-employee of Alameda Research, a trading firm led by Sam Bankman-Fried, has claimed that the firm was responsible for the sudden price drop in Bitcoin price which took place in October 2021. The ex-employee alleged that a trader at Alameda Research inadvertently entered an incorrect decimal while attempting to sell a block of BTC in response to breaking news.
- Charles James Randol, a Santa Monica resident has pleaded guilty to violating federal law. He admitted to enabling scammers and drug traffickers to launder millions of dollars in illicit funds through his cryptocurrency-cash exchange company, which operated multiple Bitcoin kiosks in various locations, including Santa Clarita.
- The US Federal Reserve has decided to pause the interest rate hike for this month but indicated that they are ready to raise rates in the future if deemed necessary. As a result, the Dollar index has seen a slight increase in the last 24 hours. Conversely, the price of Bitcoin experienced a minor pullback during the same period.
- According to a recent Matrixport report, Bitcoin is expected to reach a peak of $37,000 by the end of 2023.
Will Bitcoin go back up to 60k?
Bitcoin ETF Approval News
- Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management believes a spot Bitcoin ETF approval by the SEC could pave the way for an influx of $300 billion into the Bitcoin market.
- Arca Chief Investment Officer Jeff Dorman called BlackRock’s filing ‘much more important’ than the other prospective offerings. Dorman added, ‘If BlackRock has an ETF, you know that they are going to win. They have the marketing and distribution to put new people into Bitcoin.’
- US spot Bitcoin ETF could be approved in Q2 2024. The Valkyrie CIO Steven McClurg speaking with Forkast Editor-in-Chief Angie Lau said that approval for Bitcoin spot ETFs in the U.S. might be imminent, potentially by the second quarter of 2024.
Bitcoin Buy or Sell? Crowd Poll
Net Buy Rating = Buy% – Sell%
- July 1st: -2.4%
- August 1st: +30.8%
- September 1st: 0.0%