Bitcoin
BTC$17 040.34

0.41%

Ethereum
ETH$1 260.53

-0.98%

Tether
USDT$1.000124

0%

Binance Coin
BNB$289.97

-0.63%

USD Coin
USDC$0.999990

0%

Binance USD
BUSD$1.000358

0.01%

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 78.4% 44 $17 040.34 0.41% 2.78% $327 586 470 004 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 50 $1 260.53 -0.98% 3.56% $154 256 163 552 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000124 0% 0.06% $65 504 319 153 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 54 $289.97 -0.63% -7.48% $46 385 823 540 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999990 0% -0.03% $43 353 608 508 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 94% 1 $1.000358 0.01% 0.02% $22 160 103 167 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 76.4% 43 $0.389957 -1.28% -3.61% $19 599 418 956 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 63.2% 79 $0.103566 1.66% 0.32% $13 740 217 249 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 65.2% 68 $0.322204 -0.95% 1.15% $11 099 881 951 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 68.4% 69 $0.915591 -0.97% 6.03% $7 997 059 840 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 71.2% 56 $5.55 -0.28% 2.46% $6 329 445 734 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 94% 1 $0.999962 0.01% -0.03% $5 686 900 189 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 62.4% 77 $76.47 -0.24% -0.18% $5 487 345 950 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 76.4% 50 $0.053457 -1.20% -0.35% $5 435 339 856 WTRX 7 days price change

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