NewsletterBitcoin (BTC) Price Prediction: Plan B Extremely Bullish For End Of February
Bitcoin (BTC) Price Prediction News: Continuing the rally from January 2023, Bitcoin price is currently on a steady upward trajectory. With the latest BTC rally, the top cryptocurrency is now at its highest range in over six months although sell orders are starting to accumulate in major exchanges like Binance. In a renewed trend in the crypto market, the Bitcoin daily trading volume is up by around 25% in the last 24 hours. Meanwhile, voices from the crypto community sound bullish with the prospect of BTC reaching a significantly higher range.
Also Read: Can Sandbox Price Breach To $ 1 After This Partnership?
The latest rally came in context of traders opting to place sell orders at the $25,000 range, which is also said to be a strong resistance area. BTC already reached a high of $24,769 so far, potentially leaving less momentum for any upside to Bitcoin price prediction post that range. Also, the rally could hit a hurdle as sell orders have accumulated in both Coinbase and Binance.
Bitcoin $42,000 In Two Weeks Possible?
Popular crypto influencers are predicting the possibility of a correction in the $24.9K-$25K range for Bitcoin. However, another influencer, Plan B, is wondering whether the cryptocurrency will make a huge shift in the coming weeks. Referring to BTC’s unprecedented jump from the current range to above $40,000 in two weeks, he asked whether the same would be replicated.
“Bitcoin can pump from $24k to $42k in 14 days (example Dec 25, 2020 to Jan 8, 2021).”
As of writing, BTC price stands at $24,414, up 7.35% in the last 24 hours, according to CoinGape price tracker.
Also Read: Dogecoin News: Whales Scoops Billions In DOGE After Elon Musk Tweet, Is $0.1 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: December Fed Rate Cut Odds Fall as BLS Cancels October Jobs Report
- Strategy’s S&P 500 Bid Still Alive Despite MSTR Plunge Below Bitcoin mNAV
- Breaking: Kraken Files Confidential Draft S-1 For U.S. IPO With SEC
- Donald Trump May Name Next Fed Chair Before Christmas: Scott Bessent
- BlackRock Moves Over $815M in BTC and ETH as Crypto ETFs See Heavy Outflows
- Chainlink Price Poised for a 30% Surge After TAO Ventures Joins Rubicon Launch
- HBAR Price at Risk of a 30% Dive as ETF Inflows Dry, Open Interest Falls
- Dogecoin Price Eyes Recovery Above $0.20 as Whales Scoop Up 27.4 Billion DOGE.
- FUNToken Price Shows Bullish Accumulation in a Weak Market : Time to Invest?
- Why Are CRO, STRK & MYX Prices Up Today?
- Solana Price Prediction – Will the ETF Wave End SOL’s Multi-Week Downtrend?
