Bitcoin
BTC$27 827.13

1.19%

Ethereum
ETH$1 767.63

1.39%

Tether
USDT$1.000701

-0.02%

Binance Coin
BNB$327.72

1.73%

USD Coin
USDC$0.999827

0%

XRP
XRP$0.446577

-3.04%

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.


Related

HFM Introduces New Virtual Analyst
HFM Introduces New Virtual Analyst
Bitcoin retreats below $25000
Bitcoin retreats below $25000
The nice Bitcoin technique
The nice Bitcoin technique
Bitcoin falls below $20000
Bitcoin falls below $20000
Bitcoin falls below the $22000
Bitcoin falls below the $22000
Powell's speech deepens bitcoin correction
Powell's speech deepens bitcoin correction
Copy Trading Strategies: How to Start Successful Copy Trading
Copy Trading Strategies: How to Start Successful Copy Trading
Which Citizenship by Investment Programs are Crypto-Friendly?
Which Citizenship by Investment Programs are Crypto-Friendly?
Pressure on BTC at the $21500 level
Pressure on BTC at the $21500 level

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 70.8% 61 $27 827.13 1.19% -1.41% $537 868 680 168 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 45 $1 767.63 1.39% -2.96% $216 311 335 394 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000701 -0.02% -0.23% $79 077 698 544 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 69.6% 55 $327.72 1.73% -3.47% $51 743 768 515 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.2% 2 $0.999827 0% -0.02% $33 886 286 193 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 83.6% 31 $0.446577 -3.04% 13.10% $22 753 511 437 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 64% 82 $0.084139 -6.16% -3.23% $14 590 702 808 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 78.8% 39 $0.355862 0.71% 1.72% $12 359 438 439 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 74.8% 45 $1.095244 0.67% -9.12% $9 945 329 040 MATIC 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 75.6% 42 $0.074422 0.07% -2.38% $9 873 616 140 DOGE 7 days price change
12 Solana (SOL) SOL Solana predictions 76.4% 46 $20.94 1.78% -5.87% $8 037 086 883 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.999684 -0.01% -0.10% $8 021 813 679 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 80% 39 $6.02 1.08% -8.38% $7 046 355 080 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 70.8% 57 $93.32 1.91% 8.83% $6 772 424 245 LTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

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.