Bitcoin Price Prediction and Forecast: Bitcoin to Reach $100,000?
Bitcoin price prediction for today (Next 24 hours) is in a range between $ 45,488 and $ 47,758. BTC nears $48K
Bitcoin Price Prediction 2021 Updates. Average of 3 analysts
Bitcoin Price Prediction Daily: Current Prices
The current price of Bitcoin is $ 48,574.06 which is 1.72%% lower than 24 hours ago.
24 Hour High: 48,165.5 24 Hour Low: 47,763.6
Bitcoin Price Prediction Daily: Technicals
Bitcoin Price Prediction Daily and Forecast: Can Bitcoin Reach $100,000?
Bitcoin has been struggling to reach $50,000 despite maintaining strong support. The acceptance of Bitcoin has risen but that is not helping it rise. Recently El Salvador became the first country to allow Bitcoin as legal tender. However, the decision has been marred by protests across the country.
The biggest factor that is aiding the price decline of Bitcoin is an environmental concern. Recently economists from the Dutch central bank and MIT showcased that a single bitcoin transaction generates the same amount of electronic waste as throwing away two iPhones.
However, people are still hopeful of Bitcoin reaching $100,000.
Coinbase Exec: Bitcoin Asset Class Is Becoming Institutional
Bitcoin Price Prediction Daily and Forecast: Where is Bitcoin heading?
After hovering just above $45,000, Bitcoin is now over $48,000 and soon it may touch the $50,000 mark once again. Cathie Wood, CEO of ARK Invest, predicts that the bitcoin price could hit $500,000 over in next five-year. However, for Bitcoin to hit such a milestone, she believes a couple of key industry needs to include Bitcoin in their finances. Companies must continue to move out of cash and into bitcoin on their balance sheets.
However, Ray Dalio, the billionaire founder of Bridgewater Associates believes that if Bitcoin fets too big, regulators will “kill it.”
“I think at the end of the day, if it’s really successful, they will kill it and they will try to kill it,” he told CNBC
Ray Dalio issues a warning about bitcoin and crypto: Regulators will kill bitcoin if too successful
Bitcoin Price Prediction Daily and Forecast: Bitcoin Exchange Reserve Drops
Recently Bitcoin had crossed the $50,000 mark, however, the price has suddenly fallen, and in the last few days Bitcoin was hovering just above $45,000. However, on Wednesday, Bitcoin was able to breach the $47,000 resistance.
The recent data with respect to Bitcoin reserves across platforms like Coinbase show a drastic decline and it is now lower than the November 2020 value. This means that there is very less supply of Bitcoin in the market and investors are more engaged in holding rather than supplying.
The declining supply of Bitcoin in exchanges can also be attributed to institutional buying. Recently El Salvador acquired roughly $21 million worth of bitcoin. On Monday, business intelligence software company Microstrategy announced that it brought 5000 Bitcoins.
Bitcoin Price Prediction Daily and Forecast: When will Bitcoin?
Recently Bitcoin had touched its all-time high of $64,888, however, things changed for Bitcoin completely. Bitcoin was below $40,000 within few days. In the last 2 weeks, Bitcoin has started gaining once again and it was able to touch $50,000 once again, however, the crypto crash has pulled back Bitcoin once again. Last few days, Bitcoin has been hovering just above $45,000.
Countries like El Salvador and Ukraine have permitted Bitcoin to be used as legal tender. However, instead of rising, there was a huge pluge. Bitcoin has been able to maintain the support of $45,000 however, in the last 24 hours Bitcoin experienced a low of $43,374. Despite recovering, if Bitcoin fails to break the resistance of $46,000 in the next few days, the price of Bitcoin is likely to go below the current support.
Momentum Summary
|
Current Performance |
Momentum Trend |
|
|
Gain over yesterday |
2.75% |
+ve |
|
Current Price as % of Resistance |
95% |
+ve |
|
Number of Positive stories as % of all stories |
100% |
+ve |
Bitcoin Price Prediction Daily and Forecast: Bitcoin Exchange Reserve near Record Low
In the last few days, the price of Bitcoin has once again crashed. However, this does not mean that buyers are selling off their reserve. As per the data, Bitcoin supply across all the exchanges is at 3 years low. It clearly indicates the Whales are accumulating the coin instead of supplying in the exchanges.
The latest data show that there is 2.399 million BTC available across major exchanges. In May the lowest measured was at 2.390 million. The price rise in May can be attributed to this factor.
Bitcoin Price Prediction Daily and Forecast: Will Bitcoin Collapse?
Bitcoin recently crossed $50,000 and again came down crashing and currently it is trading just above $46,000. The crash took place soon after El Salvador recognized Bitcoin as a legal tender. The global bankers are very much critical about the acceptance of Bitcoin as they warn the Crypto giant may collapse at any time.
Riksbank Gov. Stefan Ingves said that private money usually collapses sooner or later. He even cast doubt if the coin was going to remain in power unless it is backed by Governments of major economies.
Ingves said earlier this year that Bitcoin and other cryptocurrencies are unlikely to escape regulatory oversight as their popularity grows.
Bank of Mexico Governor Alejandro Diaz de Leon’s said that Bitcoin is barter, not money. He argued that in order for a cryptocurrency to be considered money it must be a reliable payment method. According to him, “People will not want their purchasing power, their salary to go up or down 10% from one day to another. You don’t want that volatility for purchasing power. In that sense, it is not a good safeguard of value.”
Note: After El Salvador, Ukraine has also decided to accept Bitcoin as legal tender.
Bitcoin Price Prediction 2021: Crowd Forecasts (Videos)
Bitcoin Price Prediction 2021: Latest Bitcoin Forecast news
Positive
[10th Sept]
Bitcoin Could Hit $100,000 In 2021
Negative/ Neutral
[8th Sept]
Bitcoin price struggles above $45,000 following plunge
[7th Sep]
Bitcoin price suddenly collapses, wiping billions off people’s investments
Bitcoin tumbles 11% after El Salvador’s adoption of the crypto as legal tender
Bitcoin Dumps $7K to Below $43K as $2.6 Billion Liquidated in Minutes
Bitcoin Price Bloodbath: Is El Salvador A “Sell The News” Event?
Bitcoin Price Prediction and Forecast: What Changed for Bitcoin Since June?
Since June Bitcoin has seen a steady rise after crashing below $40,000. But what triggered the rise?
According to new data from blockchain firm Chainalysis, the Bitcoin whales with account roughly $50 million or more worth of bitcoin have jumped back into the market. They have steadily increased their buying since the end of June.
The Chainalysis research also found that until late February larger investors were a “driving force” in the market. These investors were able to influence the market greatly. As they brought more assets prices increased but when they sold prices fell.
As per the data, when the price of Bitcoin started falling even the Whales started selling their digital assets and the selling was a peak in around April. From late June the Whales have started buying more added to it the larger investors also tend to be long-term holders. As per Chainalysis the Whales are trying to retain 75% of their holdings on an average.
Bitcoin Price Prediction Daily: 2021 Predictions
|
Target for December 2021 |
Date When Predicted |
|
|
$ 160,000 by December 2021 |
26th June 2021 |
|
|
$ 100,000 |
4th June 2021 |
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Min $ 70,000 |
26th May 2021 |
Bitcoin Price Prediction: Daily News Updates
Positive
[4th Sep] AS GLOBAL INFLATION HEATS UP, BITCOIN SAVES THE DAY
[4th Sep] Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report
[30th Aug] PlanB: S2F Model Predicts Bitcoin To Break $100k By Christmas
[30th Aug] Bitcoin Will Take El Salvador Into The Future
[30th Aug] Experts believe Bitcoin will set a new all-time-high price by end of year
Yahoo: 7 Companies with exposure to Bitcoin
Negative/Neutral
[8th Sept] Central Bank of Brazil Director States Government Will Know ‘Everything You Have in Bitcoin’
[2nd Sep] Bitcoin price surges even as SEC says crypto platforms need regulation
Bitcoin Mining Difficulty price link
Comparing Investments: Real Estate vs. Crypto vs. Gold
Bank of Canada: Bitcoin is a speculative mania
Japanese Investors view Bitcoin quite negatively
Bitcoin Price Prediction: Experts Voices
Positive
[3rd Sep] Bitcoin At $100,000, Ethereum At $5,000 Is Path Of Least Resistance, Says Bloomberg Crypto Analyst
50 Years Later: Why Bitcoin Is The New Gold Standard
Ray Dalio: Bitcoin is one hell of an invention
S&P: Bitcoin has become mainstream
JP Morgan: 3 reasons why BTC should be in your portfolio
Negative/ Neutral
[30th Aug] Hedge Fund Billionaire John Paulson Comes Out Swinging Against Crypto
[24th Aug] John Bollinger Says Bitcoin Traders Should Be on the Alert
Stock-to-Flow vs. Lengthening Cycles — PlanB and Benjamin Cowen Discuss Bitcoin
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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