Bitcoin (BTC) Price Prediction 2025-2030: Will BTC succumb to bearish pressure
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
As options worth billions of dollars expired on 31 March and some traders placed bearish wagers on Wrapped Bitcoin (WBTC), the price of Bitcoin (BTC) was under pressure. According to statistics, the top cryptocurrency by market value decreased by 1% to $27,546 during the European trading session after failing to maintain gains above $29,000 on Thursday.
Read Price Prediction for Bitcoin (BTC) 2023-24
The 1-day gauges at the cryptocurrency and finance monitoring website TradingView, however, reflect a bullish attitude. The oscillators at three, which indicate a “buy,” and the moving averages at fourteen, which indicate a “strong buy,” together recommend a “strong buy” at twelve.
Source: TradingView
It’s not all doom and gloom, however.
4 February 2023 was a significant day for Bitcoin as the US Non-farm Payrolls report for January came out. The data revealed that the U.S economy created fewer jobs in January, which encouraged Bitcoin investors.
Moreover, Cathie Wood, CEO of ARK Invest believes that Bitcoin is a fantastic asset for safeguarding money and offering protection for people who are financially disadvantaged all around the world. Its price has probably increased because of this viewpoint.
Additionally, the Basel Committee of the BIS estimates that the global banks currently own over $9 billion in cryptocurrency, with Bitcoin and derivatives based on it accounting for 56% of this total.
The fact that institutional investors are placing substantial bets on Bitcoin must be noted. Michael Saylor, a co-founder of MicroStrategy, has a strong bullish outlook
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