Bitcoin Price Prediction – BTC Up 15%! What is next? Now 50,000?

  • Mar 26, 2022 at 6:34 am
  • Bitcoin price has been increasing for several days and was able to increase by about 15% in ten days. With the rise of Bitcoin, many Altcoins like Axie Infinity or Cardano have also been able to rise sharply. But how can things continue with the biggest cryptocurrency Bitcoin?  Bitcoin Price Prediction – How Far Will Bitcoin Go?  Get to the point and look at Figure 1. In the short term, we expect Bitcoin price to test the top of the triangle to confirm this. Therefore, the price could rise another 3% before facing resistance. If the trendline is not seen as resistance, which could be because the trendline has not been confirmed, then we expect a move to the resistance at $45,560. This translates to an increase of about 6% for the bitcoin price. However, it also means that the price could drop from now on. This decline could extend to the trendline, so if you go long consider taking profits at the resistance at $45,560. If the price goes down, the target is around $40,000.  Bitcoins or Altcoins? Which investment is better?  A few days ago, Bitcoin’s dominance in the crypto market broke the trend line causing the price tospike. Now that this trend line has been broken, Bitcoin’s dominance may decline further. As a result, various altcoins can rise more sharply and thus exceed the price of Bitcoin. Based on this, we would say that investing in altcoins may be more profitable at this time.  We’ve recently seen a lot of altcoins like LRC, ADA and AXIE jump. This altcoin grew by more than 30%, while Bitcoin was up 8% during the same period. Of course, diversification is always good, so now is the time to do it and increase the capital invested in these smaller altcoins.