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Popular Analysts Believe Bitcoin Price Will Be $50k in 8 Weeks!!!!

The Bitcoin price is currently testing the current all-time high at $28,400, with analysts warning of a correction.

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Bitcoin Price hits new record! The top cryptocurrency has gained over $1,600 in value some hours ago after trading as low as $26,200 yesterday. The leading cryptocurrency set a new all-time high above $28,500, pushing to $28,600 on top exchanges.

In the last week of the year, Bitcoin has been seeing a lot of action as the price rebounded strongly, touching near its previous all-time high (ATH) at $28,378.

Bitcoin Price Analysis bitcoin price chartCredits : FX Empire

The BTC/USD trading pair is now approaching the $30K mark. A quick uptrend is quite possible. However, the 30k target might create some selling and a pullback. But, as long as price action shows heavy corrections, a major bullish trend remains the most likely scenario.

The graph also shows that the price action might show a retracement before hitting 30k. Then price could fall back to the 23.6% and 38.2% Fibonacci retracement levels. This a potential support zone and bullish bounce.

Also Read : What Bitcoin Price Will Look Like in 2021?

The key support zone is the 38.2-50% Fibonacci levels. A bullish bounce would confirm pullback on the lower time frame. And the uptrend could continue.

According to the 4 hour chart, the bearish break below the 61.8% Fib could be a first indication that a deeper pullback is taking place

BTC price poised to hit $50k

BITCOIN WILL BE $50,000 IN 8 WEEKS!!!!

Sounds insane?

This tweet sounded exactly as insane 8 weeks ago and we pumped over 100% since 😅😂 https://t.co/GhRumQE0R7

— Ivan on Tech (@IvanOnTech) December 29, 2020

Popular crypto strategist and analyst with Twitter handle @IvanOnTech predicts that bitcoin price will hit $50k in 8 weeks. The analyst also shared a graph saying that Bitcoin Could Retest Support at $26,400! And Would Be Bullish Confirmation of Breakout.

BTC price analysis

Source: https://coinpedia.org/news/bitcoin-price-will-be-50k-in-8-weeks/

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Coinpedia

Shiba Inu Price Plunge Hard! Should You Buy the Ongoing Dip?

Shiba Inu Price needs to climb back above $0.000007. If SHIB Price is able to break through this resistance, it will go on to the…

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Despite a recent drop in cryptocurrencies, Shiba Inu coin the meme-based cryptocurrency that has been dubbed a “Dogecoin killer” has not vanished. However, there are still certain roadblocks in the way of Shib Inu.

Many people believe that the SHIB coin’s rise is solely due to the community. However, there are other circumstances that may assist the cryptocurrency in gaining traction.

Shiba Inu will be getting a new dedicated exchange in the near future. ShibaSwap, a new decentralized cryptocurrency exchange (DEX) similar to UniSwap or PancakeSwap, will be more of coin exchange. The platform has apparently been operational for several weeks, but it is still undergoing testing to assure total security and transparency.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

To acquire upside momentum in the near term, Shiba Inu needs to climb back above $0.000007. If Shiba Inu is able to break through this resistance, it will go on to the next level of resistance at $0.000008.

$1 For Shiba Inu Price?

Although the future for Shiba inu appears bleak, many experts and analysts have weighed in with their predictions. Market Realist outlined a strategy for Shib coin to hit the $1 level, which has long been a dream of Dogecoin enthusiasts. To reach $1, Shib coin would have to increase by 12,000,000%.

Every month since January, the coin has increased by around 2,000,000 percent. According to Market Realist, it might approach $1 by the end of 2021 if it continues to expand at this rate. Shiba’s price is expected to hit $0.000030 by June 2021 and could rise to $0.000048 by the end of the year, according to Wallet Investor.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

Source: https://coinpedia.org/price-analysis/shiba-inu-price-plunge-hard/

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An Extreme Bullish Case Emerges For Ethereum Price, $6000 May Be On Cards!

The etheruem(ETH) price is attempting to follow a similar path and if it successfully mirrors previous rally, levels above $5000 is imminent

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Ethereum price rally

In the times when the Bitcoin price rally went into a passive mode and the Ethereum price rally intensified, many believed ETH may flip BTC someday. Moreover, the difference between the market caps was diminishing at a greater pace. This fueled the speculations of the asset spiking above $5000 soon.

However, the black Wednesday of May trembled the markets which were destabilized by a massive margin. ETH price was trading above $4000 and within no time slumped below $2000. Since then the price was in search of a bigger boost to recover the losses which are still missing at the press time.

Also Read: Bitcoin Price & Ethereum Price Initiates A Bearish Weekly Trade, What’s Next?

On the other hand, the price with the current day trend sets the field for a massive breakout. The price is on the verge of forming a ‘Cup and Handle’ pattern and hence expected to visit some lower levels. Nevertheless, later a notable breakout may follow the slump to escort the price.

A popular analyst, Shelby predicts the most bullish predictions and sees the price rallying above $6000 in the coming weeks.

Currently, the ETH bulls should come into action and uplift the price above the upper resistance levels around $2936. And in the meantime, a spike in the trading volume will also follow which will confirm the upside trajectory.

On the contrary, currently, the ethereum price manifests some signs of capitulation as the exchange inflows have seen a spike. However, this might be short-lived as the ETH price is poised to regain the lost positions and propel above $5000.

Also Read: Here’s When Cardano Price (ADA) & Ethereum (ETH) will Skyrocket!

Photo of Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Source: https://coinpedia.org/price-analysis/extreme-bullish-case-emerges-for-ethereum-eth-price/

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ADA price may rise along with THETA, SAFEMOON pushed to a downtrend?

Cardano price rallies further with a bullish momentum, will it fall? THETA price climbs up the curve towards $10, might see a pullback anytime. SAFEMOON price drops, still stuck in a fluctuating phase.

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ADA Price Might Go Up the Curve

In the last week, the Cardano price had been trending in the cryptocurrency market, putting all feats to hit back the $2 mark. The price trend had been highly oscillating, plunging to as deep as $1.4 and hitting $1.87 in the coming hours. For the past few days, the price was fluctuating and struck at $1.88 but fell hopelessly. Currently some hulls have accumulated the line, and the price will possibly approach $2 once again today.

ADA

At the time of typing, the ADA price is at $1.533. In the early hours the price fell from $1.62 to $1.55. With a bullish candle in hand, the price was expected to surge, but it only fell deeper near $1.474. Currently it has surged from this point. If this proceeds, the price may hit $1.80 or above in the coming hours. However, if it fails to rally further, it might start dipping from there failing to touch a new ATH.

Technical Specifications

  • The resistance value is $ 1.688
  • The support value is $ 1.663
  • The indicators point out a sell signal.

THETA Price Advances With a Bullish Trend

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

THETA

At the time of writing, the THETA price gradually lifted its head to $8.931. In the early hours it resumed yesterday’s bearish trend and was dipping rapidly. This happened in two phases, where it first fell to $8.595 and then to $8.369, with the aggravating selling pressure. Now, the movement flipped being bullish and might touch $10, if the bulls rally further. However, failing to do so, the price may dip from this point and sail back at $8.50.

Technical Specifications

  • The resistance value is $ 9.470
  • The support value is $ 9.075
  • The indicators point out a buy signal.

SAFEMOON Taking a Curve Away from the Moon

For the last couple of days, the SAFEMOON price is dripping slowly. Earlier today, the price survived the bearish storm and striked at $0.00000390 from $0.00000367. However, the momentum ceased and the price plunged deeper in segments, from there. Currently, SAFEMOON is still entangled in a downtrend and is moving downwards.

SAFE

At the time of typing, the SAFEMOON price is $0.000003596. For the past hours, it has been highly fluctuating between $0.00000345 and $0.00000375. At present the price is positioned downwards and may plunge further to $0.00000354. Following which the price may begin to oscillate within the range again.

Technical Specifications

  • The resistance value is $ 0.00000366
  • The support value is $ 0.00000352
  • The indicators point out a sell signal.

Also read: Safemoon price prediction, How high will the price hit by 2021?

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

Source: https://coinpedia.org/price-analysis/ada-price-theta-and-safemoon-trends/

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