Bitcoin Price Prediction 10th January 2021
Today in this article, I will update you about current Bitcoin BTC price prediction.
Bitcoin BTC Price Prediction
As mentioned in the previous post about Bitcoin Update, BTC just touched the level that I provided, which is $40,6xx level and went beyond the level. I predicted that Bitcoin was traded at $33,3xx level and mentioned two possible paths that bitcoin could follow. Let’s check the difference of that day and today
|4th January 2021||TODAY|
On the 4th of January, I have said that Bitcoin can retrace to the green level and go to $40,6xx level or go straight to the targeted level. But as we can see today’s picture Bitcoin retraced to the green level later it touched the projected price level.
Next Bitcoin price prediction in 2025 $900,000?
Is this real or expected gain of BTC? Don’s shock at all. I have proof of that. I can confidently say Bitcoin will touch the level I just wrote: a $900,000 level in the next 2-3 years. Look at the image I attached below.
This is called Fractal analysis, predicting the price with a similar pattern from past data. As we can see, the bull run started with the great dump in early 2016. Similarly, this 2020 bull run was started with a dump in early 2020 where the bitcoin was rally dumped to $4000. Later it is now continuously gearing up. With the same fractal, we can see that Bitcoin price prediction is realistic to target. But this fractal analysis is for long term investors or long term traders. But as a successful trader, I can give you one hint over here.
Put some Bitcoin for long term investment and forget about that to sell for next 2-3 years.
Daily Bitcoin Price Update
Based on the daily chart, we can see Bitcoin is having some resistance at $40-$41 level and keeps pushing below that level. But the key point we can see is the $36xxx – $38xxx level is acting as really nice support.
So according to chart, I can say Bitcoin if break this smaller resistance then it will touch the $45k as the first target, and later it can touch the $49k or let’s say extended target would be at $50k. At this point, the main thing is booking profit at max level. If you want to know when to enter for the Long position and when to take profit from the entire crypto position, please join the premium services of all in one crypto app. Read more about it here.
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