Bitcoin
BTC$26 346.66

0.59%

Ethereum
ETH$1 592.40

0.82%

Tether
USDT$0.999933

-0.01%

Binance Coin
BNB$211.30

1.21%

XRP
XRP$0.505442

0.68%

USD Coin
USDC$1.000084

0%

Bitcoin price will see breakout during this week


13 Jul 2021

#Bitcoin

Bitcoin (BTC) closed beneath a key moving average for the eighth week in a row this weekend, but one analyst is betting on an imminent breakout. Data from Cointelegraph Markets Pro and TradingView tracked Bitcoin as it reversed weekend gains on Monday after a disappointing weekly close. The largest cryptocurrency had maintained its familiar trading range with $33,000 as support through Saturday and Sunday, but the new week dampened momentum.

For popular trader and analyst Rekt Capital, unless progress can be made, Bitcoin bulls may not have long to last before fresh losses hit. “The blue 50-week EMA is still holding as support,” he summarized in a series of tweets. “If this HL isn’t reclaimed as support soon, the sell-side pressure on the 50 WEMA may be too much for $BTC to hold here.”

Others were more upbeat. In his latest video update, fellow trader Michaël van de Poppe went as far as to call a BTC price breakout within days. “I believe that Bitcoin is going to make a breakout to the upside,” he forecast. “I would not be surprised if Bitcoin is going to trade around $38,000 during the days of this week.” A look at buy and sell levels at major exchange Binance showed resistance forming at $35,000, with $30,000 remaining in place as overall support.

Altcoins lurk ahead of market decision

Van de Poppe added that this movement might be good for altcoins, which could start capitalizing on bullish sentiment. He had previously argued that altcoins would outperform the speed of Bitcoin’s gains in the coming months.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 94.8% 4 $26 346.66 0.59% -1.73% $513 656 016 235 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 89.6% 6 $1 592.40 0.82% -2.85% $191 454 189 109 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999933 -0.01% -0.03% $83 202 317 322 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 92.4% 4 $211.30 1.21% -2.51% $32 508 023 543 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 91.2% 8 $0.505442 0.68% -1.15% $26 912 401 662 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000084 0% 0% $25 663 582 993 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Cardano (ADA) ADA Cardano predictions 92% 7 $0.246841 0.96% -2.84% $8 669 738 490 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90.8% 6 $0.061034 0.09% -1.80% $8 615 547 524 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86.4% 17 $0.083387 -0.38% 0.80% $8 478 470 341 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 84.8% 23 $19.49 0.08% -1.95% $8 043 301 053 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 83.2% 20 $0.084716 0.81% 0.44% $7 549 504 083 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 59.2% 80 $2.15 -2.31% -11.41% $7 388 965 662 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 94% 1 $1.000435 0.05% 0.02% $5 350 213 017 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 82.8% 23 $4.07 1.62% -0.92% $5 000 067 072 DOT 7 days price change

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