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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | Volume 24h | |
| 1 |  BTC |
Bitcoin predictions | 83.6% | 24 | $47 723.03 | -1.33% | 3.38% | $898 055 562 067 | $30 761 279 414 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 71.6% | 52 | $3 521.28 | -3.14% | 3.50% | $413 952 033 409 | $18 480 035 542 | |
| 3 |  ADA |
Cardano predictions | 66% | 64 | $2.40 | -3.25% | -2.88% | $76 946 080 219 | $3 112 508 822 | |
| 4 |  BNB |
Binance Coin predictions | 68.4% | 70 | $417.11 | -3.07% | -0.09% | $70 130 954 148 | $1 638 029 774 | |
| 5 |  USDT |
Tether predictions | 96% | 1 | $1.000377 | -0.01% | 0.02% | $68 279 713 834 | $73 954 976 481 | |
| 6 |  XRP |
XRP predictions | 71.2% | 56 | $1.086253 | -3.33% | -1.06% | $50 643 533 660 | $3 001 040 279 | |
| 7 |  SOL |
Solana predictions | 57.2% | 89 | $143.70 | -10.74% | -21.20% | $42 654 669 447 | $3 242 950 075 | |
| 8 |  DOT |
Polkadot predictions | 63.2% | 83 | $35.70 | -0.59% | 16.20% | $35 258 180 901 | $2 310 522 620 | |
| 9 |  DOGE |
Dogecoin predictions | 66.4% | 65 | $0.251301 | 2.00% | 0.36% | $32 998 444 911 | $1 925 256 557 | |
| 10 |  USDC |
USD Coin predictions | 94.8% | 1 | $1.000175 | 0.01% | 0.01% | $29 230 189 040 | $2 836 756 306 | |
| 11 |  UNI |
UniSwap predictions | 68.8% | 56 | $25.55 | -5.24% | 10.03% | $15 627 896 736 | $594 596 032 | |
| 12 |  LUNA |
Terra predictions | 68% | 67 | $35.48 | -3.65% | 11.96% | $14 258 535 854 | $1 566 161 846 | |
| 13 |  AVAX |
Avalanche predictions | 69.2% | 69 | $62.58 | 3.98% | 48.31% | $13 786 359 755 | $2 556 442 829 | |
| 14 |  LINK |
Chainlink predictions | 74% | 56 | $29.45 | -6.47% | 4.87% | $13 312 231 211 | $1 530 222 321 | |
| 15 |  BUSD |
Binance USD predictions | 96% | 1 | $1.000178 | -0.01% | 0.01% | $12 747 103 808 | $6 318 386 121 |
