The majority of top tokens show slight growth, while Bitcoin crosses the $46,500 mark. The global market cap is up by 0.74 percent in the last 24 hours and is at $2.16 trillion. Bitcoin has been steadily increasing surpassing $46,500. BTC Price could start a strong increase only if there is a clear move above the $47,000 resistance.
what’s Next For Bitcoin Price?
Bitcoin was performing better as a result of the modifications, which pushed it to retrace its steps. Bitcoin’s gains were short-lived, and it didn’t take long for it to revert to losses. The latest bearishness has given up the gains earned in the previous day.
Despite the decrease, BTC remains positive because it is trading above the $44,766 support level. Bitcoin’s price continued to rise after crossing $46,500. It even went past $47,000, but there was no more upward movement.
Below the $46,500 support, there was a bearish reaction. The price has even dropped below $46,000. In this instance, there is a possibility of lower volatility and sideways trading in the $44,500-46,500 range.
The bulls are up against resistance near the $47,000 mark A clear break above this level could signal the start of a significant uptrend. On the downside, bids might be seen near $45,750. The next key support is near the $45,550 level, below which a dip at $45,000 is possible.
Also Read : This is Why Bitcoin (BTC) Price is Primed To Hit $58K In Coming Weeks
Bitcoin Price Prediction in the Next 12 Months
crypto analyst Aurelien Ohayon, Seems to be bullish on Bitcoin. According to him, the BTC bull run is in progress. He believes the BTC price will rise to $190,000 in the next 12 months, as seen in the graph based on the Aroon indicator.
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Source: https://coinpedia.org/bitcoin/bitcoin-bull-run-in-progress/