Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Wrapped Bitcoin is up 3.76% today against the US Dollar
- Wrapped Bitcoin is currently trading 7.72% below our prediction on Oct 28, 2023
- Wrapped Bitcoin gained 17.00% in the last month and is up 62.04% since 1 year ago
| Wrapped Bitcoin price | $ 31,075 |
| Wrapped Bitcoin prediction | $ 33,674 (8.37%) |
| Sentiment | Bullish |
| Fear & Greed index | 53 (Neutral) |
| Key support levels | $ 29,790, $ 29,561, $ 29,345 |
| Key resistance levels | $ 30,234, $ 30,450, $ 30,679 |
WBTC price is expected to rise by 8.37% in the next 5 days according to our Wrapped Bitcoin price prediction
Wrapped Bitcoin price today is trading at $ 31,075 after gaining 3.76% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.78% in the same time period. WBTC performed poorly against BTC today and recorded a -0.09% loss against the world’s largest cryptocurrency.
According to our Wrapped Bitcoin price prediction, WBTC is expected to reach a price of $ 33,674 by Oct 28, 2023. This would represent a 8.37% price increase for WBTC in the next 5 days.
WBTC Price Prediction Chart
Buy/Sell Wrapped Bitcoin
What has been going on with Wrapped Bitcoin in the last 30 days
Wrapped Bitcoin has been displaying a positive trend recently, as the coin gained 17.00% in the last 30-days. The medium-term trend for Wrapped Bitcoin has been bullish, with WBTC increasing by 7.86% in the last 3 months. The long-term picture for Wrapped Bitcoin has been positive, as WBTC is currently displaying a 62.04% 1-year price change. On this day last year, WBTC was trading at $ 19,177.
Wrapped Bitcoin reached its all-time high price on Nov 10, 2021, when the price of WBTC peaked at $ 68,678. The current WBTC cycle high is $ 31,431, while the cycle low is at $ 15,507. WBTC has been displaying low volatility recently – the 1-month volatility of the coin is at 3.50. Wrapped Bitcoin recorded 16 green days in the last 30 days.
Wrapped Bitcoin technical analysis for today – Oct 23, 2023
The sentiment in the Wrapped Bitcoin markets is currently Bullish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 29,790, $ 29,561 and $ 29,345, while $ 30,234, $ 30,450 and $ 30,679 are the key resistance levels.
Bullish sentiment for Wrapped Bitcoin
29 indicators are currently signaling a bullish prediction for Wrapped Bitcoin, while 4 indicators are showing a bearish forecast. With 88% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Wrapped Bitcoin.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 53 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Wrapped Bitcoin moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Wrapped Bitcoin is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 29,912 (BUY) | $ 30,019 (BUY) | – | – |
| MA5 | $ 29,358 (BUY) | $ 29,780 (BUY) | – | – |
| MA10 | $ 28,470 (BUY) | $ 29,032 (BUY) | – | – |
| MA21 | $ 27,987 (BUY) | $ 28,251 (BUY) | $ 27,832 (BUY) | $ 27,519 (BUY) |
| MA50 | $ 27,071 (BUY) | $ 27,615 (BUY) | $ 24,980 (BUY) | $ 26,912 (BUY) |
| MA100 | $ 27,598 (BUY) | $ 27,516 (BUY) | $ 28,598 (BUY) | $ 27,720 (BUY) |
| MA200 | $ 27,949 (BUY) | $ 27,091 (BUY) | $ 28,263 (BUY) | $ 27,464 (BUY) |
| Period | Value | Action |
| RSI (14) | 74.05 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 94.25 | SELL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 45.07 | BUY |
| Awesome Oscillator (5, 34) | 1,743.74 | NEUTRAL |
| Momentum (10) | 3,251.17 | NEUTRAL |
| MACD (12, 26) | 261.33 | NEUTRAL |
| Williams Percent Range (14) | -5.75 | SELL |
| Ultimate Oscillator (7, 14, 28) | 61.71 | NEUTRAL |
| VWMA (10) | 28,978.42 | BUY |
| Hull Moving Average (9) | 29,784.62 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 28,185.84 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Wrapped Bitcoin is at 74.05, suggesting that WBTC is currently overbought.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Wrapped Bitcoin over the last 50 days. Currently, Wrapped Bitcoin is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the WBTC closing price for the last 200 days. WBTC is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Wrapped Bitcoin prediction
After considering the above factors, we can conclude that the current forecast for Wrapped Bitcoin price prediction is Bullish. WBTC would have to increase by 8.37% to hit our $ 33,674 target within the next five days. Moving forward, it will be important to monitor the WBTC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Wrapped Bitcoin price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/33611/wrapped-bitcoin-prediction-october-23-2023/