Bitcoin’s price has tumbled below the critical $60,000 mark, slipping 3% overnight. This downturn marks the third consecutive bearish day, resulting in a 6% decline for the week. Currently, Bitcoin is testing the 200-day EMA, trading at $58,893.
Also Read: Ethereum’s ETF Debut Could Outshine Bitcoin
A significant event just unfolded: a whale transferred 1,800 BTC ($106 million) to Binance at a loss, merely 40 minutes ago. Since June 27, this whale has deposited a total of 5,281 BTC ($323.2 million) to Binance, enduring a loss of about $20 million. These large movements and losses highlight the ongoing volatility and uncertainty in the market.
Also Read: Long-Dormant Bitcoin Wallet Springs to Life After 13 Years
Bitcoin Price Forecast, Prediction and Analysis
Pivot, Resistance and Support Levels
Calculation For Trading:
Resistance Level (R3):Â 64504.78
Resistance Level (R2):Â 63338.80
Resistance Level (R1):Â 61782.53
Pivot Point:Â 60616.55
Support Level (S1):Â 59060.27
Support Level (S2):Â 57894.29
Support Level (S3):Â 56338.02
What is the BTC price today?
The current price of Bitcoin is 58890.80 USD today.
Will BTC price grow / rise / go up?
Yes. The Bitcoin price can go up from 58890.80 USD to 67865.23 USD in one year.
Is it profitable to invest in Bitcoin?
Yes. The long-term earning potential is +15.24% in one year.
Will Bitcoin price fall / drop?
No.
What will Bitcoin be worth in five years (2029)?
The Bitcoin (BTC ) future price will be 89212.65 USD.
