Bitcoin
BTC$56 597.84

0.02%

Ethereum
ETH$4 534.44

0.45%

Binance Coin
BNB$615.05

-0.52%

Tether
USDT$0.999922

-0.11%

Solana
SOL$229.99

1.84%

Cardano
ADA$1.68

9.21%

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 71.2% 52 $56 597.84 0.02% -2.11% $1 069 110 914 215 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.2% 32 $4 534.44 0.45% 2.60% $537 714 464 810 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 78% 34 $615.05 -0.52% -0.78% $102 591 233 401 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999922 -0.11% -0.02% $74 097 385 848 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 72% 59 $229.99 1.84% 12.37% $70 293 229 055 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 65.6% 75 $1.68 9.21% 2.23% $55 845 098 060 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 64.4% 71 $0.970687 -0.09% -5.74% $45 862 358 765 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 90.8% 2 $0.999273 -0.16% 0% $39 029 760 115 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62.4% 77 $35.59 0.33% -8.31% $35 148 840 556 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 60% 80 $0.208482 1.43% -4.03% $27 594 437 999 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.6% 68 $68.76 7.59% 58.84% $26 665 900 349 LUNA 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 62.4% 75 $107.28 -8.37% -7.50% $24 025 719 841 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64% 78 $0.000041 -3.40% -1.27% $22 608 519 815 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 61.2% 89 $0.690511 -3.01% -9.31% $17 444 393 551 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 70.8% 63 $2.12 0.69% 14.13% $14 863 184 838 MATIC 7 days price change

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