- The price of bitcoin has shown less volatility over the past few weeks, so the momentum is seen sideways.
- The MACD indicator continues to rise after a bullish crossover on the weekly chart.
- Trading volume increased over the past few weeks, reaching $19.3 billion last night.
The price of bitcoin is far less volatile than other stocks. People are accepting this in a good way but some big traders and investors are getting scared due to low volatility. In the midst of less volatile markets, traders are somewhat eschewing bitcoin to create new long positions, hence the price continues to rise and fall.
Bitcoin Price Prediction 2025
Bitcoin price has often failed to stay above the $20K level over the past four weeks. So the market seems less volatile but the weekly trading volume bars represent another story. However, on the weekly price chart, the trading volume bars show intense trading in bitcoin, but still price trading in a range-bound market.
On the weekly price chart, bitcoin price has remained below the 20 DMA (white) since November 2021. Amidst the downtrend, buyers have failed to break this important bullish barrier thrice so far. Amid Bitcoin Price Prediction 2025, the 20-DMA plays a major selling role.
The RSI is not too far above the oversold zone. This week it was recorded at the 34.5 mark due to less buyer interaction towards the price of bitcoin. Conversely, the MACD indicator continues to move higher after a bullish crossover on the weekly chart.
Bitcoin Price Prediction on daily Time Frame
Undoubtedly, bitcoin price is sideways on the weekly time frame as well as buyers are stuck in a range bound phase on the daily chart. At the time of writing, bitcoin is trading at the $19271 mark against the USDT pair. Since last week, buyers have been witnessing a range-bound market with resistance at $19,200 to $19,500.
Buyers are ready to convert the 20-day SMA to a support level, but bears are active here. The daily RSI is trading sideways below the half-line.
Conclusion
Buyers are ready to buy the crypto if the price remains above the 20 day EMA. Bitcoin price prediction 2025-2030 shows a bullish trend until it hits an all-time high. The $20K area was a major volatility zone, buyers need to push bitcoin price higher from this round level.
Resistance level- $20,000 and $22,500
Support level- $19,000 and $18,000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/10/19/bitcoin-price-prediction-2025-2030-how-long-can-bitcoin-value-may-reaming-below-its-atm-mark/