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.
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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 94.8% | 4 | $26 346.66 | 0.59% | -1.73% | $513 656 016 235 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 89.6% | 6 | $1 592.40 | 0.82% | -2.85% | $191 454 189 109 | ||
3 | ![]() |
Tether predictions | 94% | 1 | $0.999933 | -0.01% | -0.03% | $83 202 317 322 | ||
4 | ![]() |
Binance Coin predictions | 92.4% | 4 | $211.30 | 1.21% | -2.51% | $32 508 023 543 | ||
5 | ![]() |
XRP predictions | 91.2% | 8 | $0.505442 | 0.68% | -1.15% | $26 912 401 662 | ||
6 | ![]() |
USD Coin predictions | 95.6% | 1 | $1.000084 | 0% | 0% | $25 663 582 993 | ||
7 | ![]() |
Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
8 | ![]() |
Cardano predictions | 92% | 7 | $0.246841 | 0.96% | -2.84% | $8 669 738 490 | ||
9 | ![]() |
Dogecoin predictions | 90.8% | 6 | $0.061034 | 0.09% | -1.80% | $8 615 547 524 | ||
10 | ![]() |
Wrapped TRON predictions | 86.4% | 17 | $0.083387 | -0.38% | 0.80% | $8 478 470 341 | ||
11 | ![]() |
Solana predictions | 84.8% | 23 | $19.49 | 0.08% | -1.95% | $8 043 301 053 | ||
12 | ![]() |
TRON predictions | 83.2% | 20 | $0.084716 | 0.81% | 0.44% | $7 549 504 083 | ||
13 | ![]() |
Toncoin predictions | 59.2% | 80 | $2.15 | -2.31% | -11.41% | $7 388 965 662 | ||
14 | ![]() |
Dai predictions | 94% | 1 | $1.000435 | 0.05% | 0.02% | $5 350 213 017 | ||
15 | ![]() |
Polkadot predictions | 82.8% | 23 | $4.07 | 1.62% | -0.92% | $5 000 067 072 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.