{"id":640735,"date":"2023-04-23T20:13:32","date_gmt":"2023-04-24T01:13:32","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/23\/bitcoin-price-analysis-where-btc-price-is-heading-in-coming-week-25k-or-30k\/"},"modified":"2023-04-23T20:13:32","modified_gmt":"2023-04-24T01:13:32","slug":"bitcoin-price-analysis-where-btc-price-is-heading-in-coming-week-25k-or-30k","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/23\/bitcoin-price-analysis-where-btc-price-is-heading-in-coming-week-25k-or-30k\/","title":{"rendered":"Bitcoin Price Analysis: Where BTC Price is Heading In Coming Week, $25K or $30K ?"},"content":{"rendered":"
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\"Bitcoin
Bitcoin price prediction<\/figcaption><\/figure>\n<\/div>\n
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The market is still pricing in the impact of another potential Fed interest rate hike, which put a cap on cryptocurrency\u2019s growth this week. After briefly hovering above the $30K milestone, Bitcoin started to decline on Wednesday.<\/p>\n

Bitcoin may be approaching a local top, according to a crypto strategist. DonAlt, a pseudonymous analyst, stated that he thought Bitcoin\u2019s rise beyond $30,000 was a range deviation. The range deviation beyond $30,000 is comparable to the range deviation at the bottom, when Bitcoin broke below $18,000 in November of last year, claims the crypto analyst.<\/p>\n

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\u201cI\u2019m gonna have to be bearish here for the same reason I was bullish at $16,000. Expecting top to be in until proven otherwise. $20,000 or strength is what I\u2019m gonna do anyway. Anything in between likely just gonna be chop for months anyway.\u201d\u00a0<\/em><\/p>\n<\/blockquote>\n

Range deviations are closely monitored by traders because they may indicate probable trend reversals after fooling some market players.<\/p>\n

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According to his chart, the price range for Bitcoin at this time is between $18,000 and $30,000. He asserted that the recent rise to $31,000 may have been a trap for Bitcoin bulls now that BTC is trading around $27,317 and back in the range.<\/p>\n

The analyst further warned that the market structure and timing of BTC resemble those of the cryptocurrency\u2019s price movement in the beginning of 2021, when it rose from $55,000 to $65,000 in less than two months before plummeting all the way to $30,000. He claimed that before considering returning to the markets, Bitcoin must reach a crucial psychological threshold.<\/p>\n

At the time of writing, Bitcoin is trading at $27,610 and is down by more than one percent in the last 24 hours.<\/p>\n<\/div>\n

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Elena R<\/a><\/h3>\n

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Elena R<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price predictionThe market is still pricing in the impact of another potential Fed interest rate hike, which put a cap on cryptocurrency\u2019s growth this week. After briefly hovering above the $30K milestone, Bitcoin started to decline on Wednesday.Bitcoin may be approaching a local top, according to a crypto strategist. DonAlt, a pseudonymous analyst, stated<\/p>\n","protected":false},"author":1,"featured_media":640736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[],"class_list":["post-640735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/640735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=640735"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/640735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/640736"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=640735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=640735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=640735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}