Bitcoin would need to avoid the $56,482 pivot to bring the first major resistance level at $58,661 back into play. Support from the broader market will be needed, however, for Bitcoin to break out from the morning high of $58,488.0. Barring a broad-based crypto rally, the first major resistance level at $58,661 and resistance at $59,000 would likely cap any upside.
BTC Price Prediction Today 22nd October 2021
Pandemic has brought to its fore a technological revolution that has shown a beacon to investors in the form of Bitcoin and guesses what? All with just an internet connection and a smartphone! Bitcoin has made it possible for everyone to store and transfer value in a currency that is resistant to manipulation. Due to Bitcoin, we can see the opportunity to take the power out of the financial institutions and provide a better service.
BTC price prediction is likely to cross $70,797 by the end of 2021. Bitcoin will trade in the range of $48,000-$56,000 with the minimum & maximum BTC price respectively in the year 2021. As per the above chart, the technical indicators of the king of cryptocurrency also reflect the possibility of a continual bullish rally. As per our Bitcoin price prediction for 2023, BTC price will cross the bar of $96,000; and hold the market with a steady position.
BTC Price Prediction 2021, 2022, 2023, 2024, 2025
Pandemic has brought to its fore a technological revolution bitcoin price forecast for the year 2022 is predicted at $87,500 by TradingBeasts, given all other factors being stable and no emergency scenario will change. Bitcoin price is likely to trade around $60,000 and $70,000 for a minimum price and maximum price respectively in the year 2022. As per our Bitcoin price prediction for 2023, BTC price will cross the bar of $96,000; and hold the market with a steady position.
Looking beyond the support and resistance levels, we saw the 50 EMA pull away from the 100 and 200 EMAs through the morning. We also saw the 100 EMA pull away from the 200 EMA delivering further support. Through the 2nd half of the day, a further widening of the 50 EMA from the 100 would bring $60,000 levels into play. Key through the late morning and early afternoon, however, would be moving back through to $58,000 levels to support a breakout.