Bitcoin price has tested the former $44,450 resistance four times in a row and failed to break it. At the fifth test, the price was able to break the resistance and a short time later confirmed it as support. We already addressed this in our last Bitcoin forecast. However, Bitcoin price has now retested its former resistance as support, which is not necessarily bearish. Care must be taken that the price does not break the $44,450 level. Should this happen, the Bitcoin price would be rather bearish on the chart.

>>CLICK HERE TO INVEST IN BITCOIN<<

Since breaking the former $44,450 resistance and rallying, Bitcoin price has formed a trend line heading towards the new $44,450 support. Based on this, we anticipate that the Bitcoin price will next rise to the trend line and then retest the support. After that, it could slowly but surely move to a breakout. We expect this to be a consolidation phase, which will lead to a bullish breakout afterwards. We expect a bullish breakout once the trendline is broken. The target, in case of a breakout, is between $50,000 and $52,000.

>>CLICK HERE TO INVEST IN BITCOIN<<

In the past 24 hours, most cryptocurrencies retraced by -5.13% on an aggregate level. This comes after a bullish previous week. Having red days is very normal in any market, specifically after having extended uptrends. The top losers from the biggest cryptos by market cap are Solana and Polkadot, losing around -8.6% and -8.1% respectively. Here are the top 10 biggest cryptocurrencies by market cap:

#1 Bitcoin (BTC): - 4.36 %

#2 Ethereum (ETH): - 6.07 %

#3 Tether (USDT): + 0 %

#4 Binance Coin (BNB): - 4.77 %

#5 USD Coin (USDC): + 0 %

#6 Solana (SOL): - 8.68 % (Surpassing XRP and ADA)

#7 Terra (LUNA): - 4.76 % (Surpassing XRP and ADA)

#8 Ripple (XRP): - 5.20 %

#9 Cardano (ADA): - 7.65 %

#10 Avalanche (AVAX): - 8.16 %

A few days ago, Bitcoin managed to break the resistance price area of around $44,400. Bitcoin price tested this area 4 times and only recently did it manage to break it higher. The daily chart of Bitcoin in figure 1 confirms this break and refutes a fakeout, as we can see more than 3 candles above that line to date.

It is not unlikely to see Bitcoin prices adjust a bit lower after an extended uptrend. For 7 straight days, Bitcoin prices managed to increase in price without any retracement. This theory comes especially at a time when BTC price broke the major resistance of $44,400. This area can soon turn into a support level, giving prices a breather to continue on their uptrend and reach higher price areas.

Keep in mind that when Bitcoin adjusts lower, many other altcoins will do the same. In figure 2, we can estimate where Bitcoin can go down towards. Hence, a sensible stop-loss for traders who just bought above that price would be around $44,300 or lower. This SL area depends on the trader's risk appetite.

If the crypto market as a whole continues to increase, there is no doubt that Bitcoin prices will follow as well. In fact, Bitcoin still has a significant dominance over the cryptocurrency market of around 42.1%. This means that from the total market capitalization of the entire crypto market being around $2.1 Trillion, Bitcoin's market cap accounts for more than $800 Billion.

On the other hand, breaching the psychological price of $50,000 and consolidating higher would hint at a potential future BTC price of $60,000. In figure 3, we can clearly see the trajectory of Bitcoin given that the uptrend continues.

Higher crypto prices help in pushing uptrends further. In the past 7 days, most altcoins were seen up. Cardano, Solana, and Dogecoin topped the performance in the list of the top 10 cryptos by market cap. Here is the performance of the top 10 cryptocurrencies by market cap:

#1 Bitcoin (BTC): + 14.33 %

#2 Ethereum (ETH): + 14.47 %

#3 Tether (USDT): + 0 %

#4 Binance Coin (BNB): + 10.39 %

#5 USD Coin (USDC): + 0 %

#6 Ripple (XRP): + 8.59 %

#7 Cardano (ADA): + 36.99 %

#8 Solana (SOL): + 22.25 %

#9 Terra (LUNA): – 0.94 %

#10 Avalanche (AVAX): + 0.25 %

Let's be straight to the point and look at figure 1. In the short term, we expect Bitcoin price to test the top of the triangle to confirm it. Thus, the price could rise another 3% before it encounters resistance. If the trendline is not considered resistance, which could happen as the trendline is not yet confirmed, then we expect a move up to the $45,560 resistance. This would mean an increase of about 6% for the Bitcoin price. However, this would also mean that the price could drop from that point. This decline could continue down to the trendline, so if you are long, consider taking profits at the $45,560 resistance. Should the price fall, the target would be around $40,000.

>> CLICK HERE TO BUY BITCOIN <<

A few days ago, Bitcoin dominance over the crypto market broke a trend line that had caused prices to rise. Now that this trendline has been broken, bitcoin's dominance may decrease further. As a result, various altcoins could rise more sharply and thus outperform the Bitcoin price. Based on this, we would say that an investment in altcoins could be more worthwhile at the moment.

We recently saw the surge of many altcoins such as LRC, ADA and AXIE. Those altcoins rose by more than 30% while Bitcoin increased by 8% within that same timeframe. Of course, it is always good to diversify, so now is the time to do so and increase the invested capital into those smaller altcoins.

>> CLICK HERE TO BUY ALTCOINS <<

After last week's price adjustment, Bitcoin reached an important support area. This price level represents a very strong buy zone for many crypto investors. At that very same price, many institutions opened their positions. That's why many traders set their stop-loss right below it. In figure 1 below, we can clearly see how prices tend to rebound higher every time they touch this price around 33K.

The recent price surge comes after a heavy fall in prices. This occurred last week, and made prices fall towards this "buy zone". It is no surprise that we see today surging prices again, despite what's still happening in the eastern side of Europe.

It is clear that the entire crypto market is under a lot of pressure. From one side, the world is watching Ukraine fight with Russia. On another side, the stock market is being affected heavily, as the world lost a big consumer market. From food chains such as Mcdonald's withdrawing from Russia, to even being isolated from the www, the consequences did indeed affect the entire world.

Cryptocurrencies use the internet. If the internet was to shut off from Russia, it might be bad news as the Russian crypto market is significant. This should have a negative effect on prices. On the other hand, we might see companies and other investors jump to invest in cryptocurrencies. The reason behind this rationale is the falling equity market and the weakening of the euro. That's why we present two case scenarios.

In this case, Bitcoin prices continue heading higher and break 50K. After this move, anticipation to reach the previous ATH price of 69K should be expected.

For this to happen, Bitcoin price becomes weak and falls back below 40K again. This will drag the entire cryptocurrency market down and in turn, reach lower support areas such as 33K and 28K

In 2021, many investors were hoping for a massive Bitcoin bull market by the end of the year or in January 2022. Forecast models such as the stock-to-flow model by the famous Twitter user PlanB predicted that the Bitcoin price should rise above $100,000. This was congruent with historical data on the distance between the last bitcoin halving event and the parabolic rise in bitcoin price.

In the past, in 2013 and 2017, there was a massive parabolic increase in the Bitcoin price at the end of each year. 1.5 years ago there was a Bitcoin Halving Event, where the reward for Bitcoin Mining is halved. After the last halving in 2019, it looked like there could be a massive Bitcoin bull market again at the turn of the year 1.5 years later.

Unfortunately, the Bitcoin price could not keep these promises and experienced an extreme downturn in December 2021 and January 2022. Bitcoin was only able to stabilize slightly in February. However, the slide towards $30,000 has been repelled for the time being in the last few weeks. 

As we touched on, for the past year most analysts have been expecting a Bitcoin bull market in December or January. But this did not occur. The reasons for this are diverse. On the one hand, we have to state that the typical Bitcoin cycle with a parabolic slope at the turn of the year did not repeat itself 1.5 years after the Bitcoin Halving. The Bitcoin cycle has gone haywire.

An important component here is the increased institutional adaptation of bitcoin. More and more large financial institutions are investing in Bitcoin. This ensures that more and more large Bitcoin addresses own a large part of the Bitcoins (Bitcoin whales). These have a greater impact on the Bitcoin price. Furthermore, due to the increasing adaptation of bitcoin to traditional financial markets (bitcoin ETFs), the correlation between the prices on the (American) stock market and the prices of the cryptocurrencies is increasing.

After an all-time high of over $68,000 in November, there were relatively heavy losses in a short space of time. Short-term, speculative investors in particular then sold the Bitcoin relatively quickly. This is how a bearish market situation came about. On the foreign exchange market, too, more and more investors are betting on a price drop in bitcoin (short positions). All of these factors caused the Bitcoin bull market to fail. 

There are now a few factors that suggest that we will see a significant recovery and a Bitcoin bull market again in the next few weeks:

• The fundamentals of the Bitcoin network are developing very positively. Hashrate rose to new all-time highs even as mining difficulty continues to increase. This shows the strength of the Bitcoin network.
• Transaction activity fell sharply in the last 3 months. However, this figure seems to have recovered in recent weeks. 
• Blockchain analytics show that over the past few weeks, large bitcoin addresses (bitcoin whales) and long investors are accumulating bitcoins. These addresses are mostly ahead of the macro trend. 
• The "crisis sales" due to the Ukraine conflict and the threat of interest rate hikes seem to be over. The mood on the market seems to be turning. The crises have played out their negative impact on the financial markets.
• Tech stocks (NASDAQ) appear to be rallying, which may have a positive impact on the crypto market .

The Bitcoin price had already scratched the $45,000 mark twice. The first time, a precipitous fall back to $35,000 followed due to the outbreak of war. In the weeks before, however, the Bitcoin price had again recorded massive gains from $35,000 to $44,000. The conflict in Ukraine probably only harmed the recovery in the short term.

If the resistance at $45,000 falls, it is very likely that the trend reversal from Bitcoin's correction since December has finally taken place. The Bitcoin bull market could then unfold again in the coming weeks and months and possibly even lead to a six-digit Bitcoin price with a delay.

You can now buy Bitcoin relatively cheaply on the crypto exchanges  Coinbase  and  Kraken  .

If we look at the supply side of the bitcoin asset, an important metric is the number of bitcoin addresses that have a bitcoin value greater than 0. It shows how many addresses in the network actually hold bitcoins. It provides information on how much the network is actually expanding by eliminating the addresses that do not hold bitcoins.

This value rose continuously in 2019 and 2020 but experienced a plateau in mid-2021. After a drop in the summer of 2021, we have seen a stronger increase in the number of Bitcoin addresses holding a value above 0 since the beginning of 2022. This sign hints at a potential return of a crypto bull market. When buyers enter the market, prices start to rise again.

In addition to the increase in the number of Bitcoin addresses with a value above 0, there are other signs of a possible upcoming Bitcoin bull market:

• The hash rate in the Bitcoin network recently reached a new high again, although the difficulty of Bitcoin mining is constantly increasing.
• Big Bitcoin addresses are accumulating Bitcoin while small investors and speculators make the cryptocurrency so volatile at the moment by constant trading.

Now is a good time to invest cheaply in Bitcoin. Buy Bitcoin on  Binance  and  Bitfinex crypto exchanges !

This good fundamental data for the Bitcoin network gives hope for a bull market. But of course, there are also warning voices. Because some factors could keep the Bitcoin bearish.

The fear of an imminent interest rate hike by the US Federal Reserve means that hopes of rising prices continue to decline. Because higher key interest rates mean less willingness to take risks, especially among institutional investors. The war in Ukraine, which could continue to weigh on the markets for some time to come, is also having a negative impact on the equity markets despite some signs of a recovery.

Furthermore, there is a risk of short positions being liquidated in the forex market, which could lead to mass selling and thus drop Bitcoin below $30,000. According to some analysts, the Bitcoin price could drop to $24,000. In this case, the Bitcoin bull market would have to wait a long time.

You can now buy Bitcoin cheaply on the crypto exchanges  Coinbase and  Kraken .

The past few weeks have seen double-digit losses on the crypto market. This was mainly due to short-term speculators, who sold their positions in Bitcoin due to the threat of interest rate increases by the American central bank. But the days of bears seem to be over. The following 3 on-chain indicators suggest that Bitcoin could soon transition back into a bull market.

If you feel like you need guidance when tackling the crypto market, you need to check out our premium area. You’ll always be up-to-date with everything happening in the crypto market. Additionally, you will receive trading ideas and professional trading support. You will also receive information about the latest crypto trends at an early stage! If you want to read more about our Premium Area, click here.

We already mentioned several times in the past few days that Bitcoin has been heavily "oversold" in recent weeks. One indicator of this is the Relative Strength Index (RSI), which recently fell to its lowest level since March 2020. This indicates that bitcoin has been heavily sold relative to its fundamentals.

Another indicator of this is the so-called "entity-adjusted dormancy flow". It indicates the relationship between market capitalization and the behavior of spending on the blockchain. According to this reading, the bitcoin is as "oversold" as only 3 times before and could soon turn into a bull market again.

In order to be able to predict the course in the next few weeks, it is also worth taking a look at the buying behavior of the Bitcoin whales as a point of reference. In 2021, these have gained extreme influence on the Bitcoin course. Increasing buying behavior by whales could predict a Bitcoin bull market.

Now is an ideal point to get in cheaply. Buy bitcoin on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Since mid-January, we have seen a clear decoupling of the behavior of the whales over the course of the Bitcoin price. The whales seem to be investing more in Bitcoin again and probably see a bull market on the horizon. As a retail investor, you should take a close look at the behavior of whales.

Since November, we have seen multiple price crashes and an overall bearish trend in Bitcoin price. According to the data, these sales were very strongly driven by so-called "marginal macro sellers". In the financial world, these tend to be short-term traders who primarily react to external “macro events”. The new virus variant and looming interest rate hike were such events that led to massive selling.

However, long-term investors have continued to hold their bitcoins and are now slowly adding to them, according to on-chain. Since December, hodlers have been using the low prices to accumulate Bitcoin cheaply. This should also be a clear sign of an upcoming Bitcoin bull market. 

With the above-mentioned information, we can clearly see why we might see Bitcoin up in the next few days. After an extended bear market, we currently witnessed many green days. It is true that BTC prices did not fully recover yet, but the road to the all-time high of 69K is not over. The current price is lingering around an important area of $38,000. The current consolidation around that price is a strong indicator that the coming move will be strong.

This is especially apparent in figure 1, as we can see the second green weekly candle recovering from the low of the previous crash.

You can purchase bitcoin on crypto exchanges  Binance ,  Coinbase ,  Kraken ,  and  Bitfinex  .

The Bitcoin roller coaster, it's back on the road. Yesterday Monday saw the entire stock and crypto market hurtle downhill at a speed rarely seen. Bitcoin was 20% lower on a weekly basis. The DAX also fell by 3% and the Dow by 4%. Almost none of the values ??remained green. Then around noon the turnaround. Stocks and cryptocurrencies shot up, markets closed slightly higher. How does the roller coaster continue? And most importantly, should you Buy Cryptos today?

The political risks surrounding the Ukraine-Russia conflict weigh heavily on the markets. A war right on Europe's doorstep could cause markets to plummet further. In addition to the political risks, there are concerns about a turnaround in interest rates and drastic intervention by the FED to combat inflation. This is around 7% in the USA. Another risk that primarily affects tech stocks.

Tech stocks generally stutter on interest rates and inflation worries. So far so known. But why don't values ??like Bitcoin or other cryptocurrencies benefit? Shouldn't they be performing right now?
In fact, there is a logical reason why tech values ??and Bitcoin are correlated. The cash flows. Crypto and tech stock investors are mostly the same. This means that those who own tech shares usually also own cryptocurrencies and vice versa. Value, cyclical, and bond investors usually move in other "bubbles". But what does that mean?

When interest rates rise, investors usually turn to less risky investments. There is a shift from tech and crypto to value. In addition, many tech and crypto investors are invested with leverage, mostly through loans. If these loans become more expensive due to rising interest rates, the investors cancel the loans and sell the investments. The result: Bitcoin and tech fall disproportionately.

That is up to you and should be decided according to your own willingness to take risks. At least the next three interest rate increases are already priced into tech and crypto values! The existing uncertainties from the FED could be resolved on Wednesday when the central bank publishes its rate hikes. The Ukraine risk, on the other hand, remains unpredictable. From a purely economic and political point of view, war is unlikely. However, the West's indecisive and in many respects embarrassing behavior is creating uncertainty in the market. The next few weeks could remain restless, but those who invest in the long term could use the entry in the next few days and weeks.

If you decide to buy Cryptos, consider solid exchanges like Binance ,  Coinbase ,  Kraken  and  Bitfinex  .

Bitcoin has once again lost massively in value within a short period of time. The price is now just over $35,000. The main cryptocurrency could actually turn into a bear market and continue lower. Let's talk about 3 things that need to happen for us to become bullish again.

The first step towards a possible bullish reversal would be more consolidation between the $38,000 and $43,000 levels. A new support level can be established in this area, which prevents the cryptocurrency from slipping into the $28,000 to $35,000 range.

If a solid support level builds, bullish weeks could ensue as Bitcoin is the most “oversold” it has been in a long time. The Relative Strength Index (RSI) is the lowest since March 2020, when the COVID-19 crisis hit the markets. Higher purchasing power could therefore become likely in the coming weeks.

Previously, small investors, in particular, have been responsible for the massive price gains during the bull markets. In 2020 and 2021, there was a major institutional adoption of Bitcoin. In order to be able to celebrate big price gains again, small investors have to get back on board and gain confidence in the cryptocurrency.

Now is an ideal point to get in cheaply. Buy bitcoin on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

The influence of external events such as regulations has increased in the last 2 years since the behavior of the large institutional Bitcoin addresses depends on it. Nevertheless, the mass of small investors still has great purchasing power and could move the BTC price up again.

It looks like US monetary policy will tighten again in the coming months. The central bank FED announced that they intend to raise interest rates again. This is to counteract inflation. The low-key interest rates in particular have helped Bitcoin extremely in the past.

The rate hike announcements were extremely negative for the Bitcoin price as many speculative investors now sold their positions. However, if monetary policy is adjusted and the markets stabilize despite this, the price of the most important cryptocurrency could also stabilize again and ultimately rise again.

You can now buy Bitcoin cheaply on the crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex  .

The Bitcoin price has now recovered well from its last crash and rose again over 43,000 dollars after a few days. The price had previously dropped below the $ 40,000 mark for the first time since September. However, with the current rise, the trend reversal into a bullish market could be imminent. Let's talk about why Bitcoin might have reached the bottom and why a reversal upwards might be coming soon.

At the beginning of the year, there was negative news for Bitcoin investors. Bitcoin prices crashed hard, falling from $ 46,000 to $ 42,000. In certain exchanges, the price fell below the $ 40,000 mark for the first time since September 2021. Today, on the other hand, BTC prices have since recovered.

The Bitcoin price has been increasing again for 2 days. Bitcoin passed the $ 43,000 mark on Wednesday 12th of January. The recovery lowers concerns that the Bitcoin price could fall again towards $ 30,000. However, there are now signs of a trend reversal for the market.

The slight recovery raises hopes that the current correction in the market has now bottomed out. We could see a development similar to that of the major correction in spring 2021. At that time, the new bans on Bitcoin mining in China caused a massive price correction for a few months.

Some pessimistic analysts had predicted that the Bitcoin price could fall even further. The reason for this would continue to be high open interest positions on the foreign exchange market and possible increases in key interest rates, including the US Federal Reserve. 

The first hurdle for a trend reversal would be reaching $ 46,000, which was a key support zone for a very long time back in December 2021. From this level, the Bitcoin price could attack the $ 50,000 again. At this past Christmas, the rate was turned down at $ 52,000 and dropped back to $ 46,000.

One big hope is that the bears are now out of breath and that we could see stronger buying interest again at the current low prices. For the retail investor, the current correction is once again an ideal buying opportunity before we possibly become strongly bullish again.

You can purchase Bitcoin and other cryptocurrencies on the Binance ,  Coinbase ,  Kraken  and  Bitfinex crypto exchanges.

Despite much optimism in the blockchain sphere, many cryptocurrencies are still looking bearish. At a first glance, looking at any aggregator website shows most cryptocurrencies in the red for the past 7 days. On the other hand, analyzing the charts from a correct technical perspective shows a different story. Bitcoin, the biggest cryptocurrency by market cap is showing an interesting consolidation that signals a potential price boom. In this Bitcoin Price Prediction, we're going to assess Bitcoin prices by looking at the technicals and place a potential trade setup.

It is no surprise that cryptocurrencies recently lost a lot. Whenever such events happen in the cryptocurrency market, it is often due to 2 main factors:

• Important bad news affecting cryptos on a macro level
• Regulat price adjustments and profit-taking

The second is mostly what happened recently. After an extensive bullrun that lasted since April 2021, cryptocurrencies and specifically Bitcoin prices needed to adjust and return to the average uptrend. In figure 1, we can clearly see how prices soared high and Bitcoin became overbought. This often signals an upcoming heavy price adjustment.

This is exactly what happened. Bitcoin prices soared towards USD 69,000 and needed an adjustment back towards the average uptrend.

---> Click here to Buy Bitcoin <---

Interestingly today, when zooming into the 4-hour Bitcoin chart, we can spot a descending triangle. This technical formation is crucial and gives traders and investors 2 potential scenarios:

• If prices manage to break the upper triangle side, we can confirm the end of the downtrend and enter a trend reversal.
• On the other hand, if prices break below the lower triangle side (specifically the USD 45,500 price area), the downtrend should continue downwards toward the average 1-day uptrend.

Cryptocurrency enthusiasts were ecstatic when the crashing prices of BTC and other cryptos corrected back upwards. Each cryptocurrency reached its strong support level and reversed on its uptrend. For Bitcoin, the same thing happened. After Bitcoin prices hit a low of 28K, they skyrocketed back to reach their previous ATH of USD 64K. Prices also reached a new all-time high price of around USD 68K before adjusting back to the strong psychological level of USD 60K. Today, it seems like prices are consolidating before booming again. Will Bitcoin price manage to reach a new milestone soon? Here's a quick technical analysis of Bitcoin prices.

If we look closely at Bitcoin's technical formation, we can clearly notice a repeating pattern. Prices tend to increase, reach a certain milestone, retrace around 38.2% or 50%, then continue higher. This is clearly visible in figure 1, where the technical formation of Bitcoin shows an A B C D formation. Currently, we are at the D stage of the pattern, which kinds of signals a short-term sell signal. This setup already happened, and prices did in fact retrace all the way towards the USD 56K level. For now (post D), prices are consolidating.

Whenever prices are consolidating, this usually means two things:

• Prices are getting stronger and are ready for another boom
• Prices are getting weaker in anticipation of a lower price

For the current state of Bitcoin, the former makes more sense. Most fundamental news in the crypto market is showing a strong market, higher price valuations, more advancements in the blockchain space and more investors are getting excited.

In order to better assess whether Bitcoin can indeed increase in valuation, we need to take into account 2 things:

• The current market condition
• The past price-action behavior of cryptos around this time of the year

As stated earlier, the current fundamentals of the crypto market are looking strong, with many developments and deployments on the way. On the other hand, the technical formation, although consolidating, can potentially represent a good buying trade setup for Bitcoin specifically. Traders can buy around the USD 60K level and place a stop-loss below 59K.

Now looking at how the crypto market behaved in the past towards the end of the year, here's a chart showing what specifically happened. It looks like prices soared in December, then adjusted heavily in the next year. So to sum up, Bitcoin can definitely reach 70K if not higher even. The question remains, will the adjustment lower be strong?

Remember: Past price behaviors are not definite indications of future price actions. This is just a way to see what might happen.

Bitcoin managed to gain massive momentum recently. In fact, it looks like it's on its way back to its previous all-time high of 65K. On the other hand, many skeptics are still finding it hard to witness such a high price for something that "doesn't exist" in the physical world. This led to a high price fluctuation recently, and it's the traders who are benefiting the most. Today, crypto enthusiasts are asking themselves if it's even worth it to buy Bitcoin at the current prices. Should you buy Bitcoin today? Can prices still rise to their previous highs? Do we really have a Bitcoin 60K setup?

If we disregard the hearsay that happens around us and focus purely on the technical aspects, it seems as if prices are increasing in a healthy uptrend. Now you might be asking...what the hell is a healthy uptrend? Well, any heavy price increase comes with an adjustment afterward. This phenomenon comes from many factors such as day traders liquidating their positions for profit-taking, an overall consensus on an overbought price leading to short-selling...

In Bitcoin's case, we can clearly see price adjustments along with the recent uptrend. Looking at figure 1, the occasional price adjustments are crystal clear. This is the perfect dream of a day trader, who usually uses those bottoms to place stop-loss orders.

Psychological prices are very important when dealing with cryptocurrencies, and especially for Bitcoin. Today, we are nearing the 50K price mark. If prices manage to break this 50K area and consolidate for a while, we are most likely on our way to continue to 60K again. Of course, that's provided if good fundamentals were also in place.

Looking at figure 2, we can see how a potential break of the 50K area signals another bullrun. On the other hand, day traders should plan for the worst and place stop-loss levels around the 45K following the Fibonacci Retracement.

This week was an exciting one for Bitcoin and cryptocurrencies. Prices soared more than 25% after an extended bearish trend. Many traders already predicted this move, as prices were hitting a strong support area for most cryptocurrencies. For Bitcoin, prices behaved similarly and rebounded from the strong support level of USD 28,000. Now that the 40K price was breached, what is next for Bitcoin prices? In this Bitcoin price prediction article, we analyze what has happened so far and give trade setups.

It was no secret that a Bitcoin comeback was inevitable. Prices have been consolidating for an extended period of time, especially after an earlier market crash. When BTC prices reached the strong support of USD 28,000, two scenarios presented themselves. Either a break in prices lower towards the 20K range or a break upwards towards the 40K. The second case scenario happened, and it happened quickly! We at CryptoTicker did predict this massive move upward in different articles. We first analyzed the relationship of stablecoins with crypto trends. Later, we published a trade setup that showed how BTC prices were moving towards 40K, and this is exactly what happened today...you're welcome ;)

Within one week, prices managed to increase from USD 32,000 all the way towards USD 40,000, then adjusted back to the current price of USD 39,700. This resulted in a price increase of more than 25% in 1 week!

After this great trend reversal, we can only assume that prices continue in their uptrend. It looks like the buying momentum is back on track, and the fundamentals are shaping up in place. Not only are people rushing to buy cryptos, but Elon Musk also is trying to pump cryptos again through his Tweets about Dogecoin.

Despite the recent price rally, Bitcoin prices are still inside a consolidation zone. This area is delimited between 30K and 40K. Bitcoin prices need to break above the 40K in order to get out of their sideways trend. Before this happens, prices might still adjust lower towards 36K as part of potential profit-taking.

In the past 7 days, the crypto market rose well above 30% in valuation. Bitcoin and XRP rose the most from the top 10, 23% and 21% respectively. Outside the top 10, AXS and QNT made headlines with a rise of 83% for each. AMP also managed to gain around 70% in market cap. On the other hand, COMP and KuCoin Tokens didn't make it like the rest of their crypto peers. They both lost 4% and 3% respectively.

1- Bitcoin (BTC) : + 23.20 %

2- Ether (ETH) : + 14.39 %

3- Tether (USDT) : 0 %

4- Binance Coin (BNB): + 6.67 % 

5- Cardano (ADA) : + 8.76 % 

6- Ripple (XRP) : + 21.06 %

7- USD Coin (USDC) : + 0 %

8- Dogecoin (DOGE) : + 6.39 % 

9- Polkadot (DOT): + 13.85 %

10- Binance USD (BUSD) : + 0 %

Stay Ahead, Stay Updated
Rudy Fares

The previous market crash wiped more than USD 1 Trillion in the crypto market capitalization. Despite this heavy crash, traders and investors simply swapped their cryptos for stablecoins. This was done in hopes of getting back in action once things cool off. On the other hand, the market is still showing a bearish trend for most cryptocurrencies, including Bitcoin. In this article, we're going to analyze what happened ever since the market crash, and forecast what might happen to the price of BTC. Is Bitcoin up? Will Bitcoin pull a breakout higher or continue on its bearish trend?

Despite the current positive sentiment in the crypto market, the overall trend seems to be still downwards. This is especially true for Bitcoin, as its prices are still in a downward parallel trend. On the other hand, we might have a glimpse of hope. Prices currently are near a "make it or break it" case scenario. We can clearly see in figure 1 how the current price of USD 34,450 is near the top trendline. In case prices manage to breakout higher than this price, we can safely assume a break in the downtrend and a newly established reversal upwards.

On the other hand, prices might still adjust lower and continue on their downtrend. Looking at the fundamentals, there seems to be traction in the crypto sphere. Positive news is resurfacing again, from the positive B-word Conference to Binance's engagement in the NFT gaming...So far, things look promising in the crypto world, we just need good technicals for support.

Zooming into that downtrend, we can use a Fibonacci Retracement and first assess the area where BTC might adjust towards. In figure 2, the USD 32,200 seems like a safe stop-loss area if traders open up trades at current prices. If prices manage to break that 50% retracement, we can assume that prices are still in that downward trend. On the other hand, if prices successfully break the USD 35,000 price well higher, we can easily reach the USD 38,000 again, and hopefully, break the USD 40,000 psychological price mark.

Happy Investing!
Rudy Fares