A Short, Medium Term Bitcoin Price Prediction

2020-1-20 21:00

BTC prices fell 6 percent to $8,620 within five minutes on Sunday shattering short-term bitcoin price predictions. The price decline affected all major trading platforms leading to fears that current prices might be overinflated.

The bitcoin market downturn had a domino effect on 20 of the most popular digital currencies. The prime digital currency traded at just over $9,000 before the semi-momentous plunge. It was the steepest decline this year, but the bulls appear to be slowly regaining control.

So, What Caused The Sudden Price Dip?

Liquidation of overleveraged long positions is believed to have caused the bloodbath. Bitcoin prices had risen by over 20 percent in the preceding weeks. The mini-rally was technically bound to hit a snag due to price inflation.

Liquidation typically occurs when a sudden plummet in prices dissolves long overleveraged market positions. Once the liquidation limit is reached, traders are forced to sell the digital assets put up as collateral.

About $110 million was liquidated on BitMEX alone during the price decline. This is according to data illustrated on DataMish. The figure represents about $15 million in actual assets. The platform offers 100 times leverage. It is likely that there was more liquidation on Binance, Deribit, and Kraken. Some analysts had warned that the recent price escalation lacked key drivers and feared that a pullback within the month was imminent.

Bitcoin prices are expected to skyrocket once the halving episode occurs. It leads to a 50 percent reduction of mining rewards, thereby causing a scarcity of coins. This subsequently leads to a surge in demand. The event is set to take place in May, but until then, the more conservative approach is short-term bearish but medium-term bullish.

Current Bitcoin Prices More Psychological Than Technical

Right now, BTC trade volumes are down globally as compared to last year. They match mid-2017 figures. It is probable that users are choosing to hold rather than trade in their cryptocurrency stash.

Right now, BTC trade volumes are down globally as compared to last year.(Image Credit: CoinDance)

In a nutshell, the current market movement seems to be more psychological than technical as there doesn’t seem to be a direct correlation to demand.

(Featured Image Credit: Pixabay)

The post A Short, Medium Term Bitcoin Price Prediction appeared first on CoinCentral.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 68793.04 (-0.14%)
Объем 24H $27.831b
Изменеия 24h: -2.60 %, 7d: -3.87 %
Cегодня L: $68209.1 - H: $70466.85
Капитализация $1376.07b Rank 1
Цена в час новости $ 8659.01 (694.47%)

price bitcoin short medium prediction term leading

Источник: coincentral.com

price bitcoin → Результатов: 126


Фото:

Elliot Wave Theory Says Bitcoin Price Is Headed To $40,000, But The End Game Will Shock You

A technical analyst known as ‘V’ has shared a striking Elliott Wave Theory-based Bitcoin price outlook on X that he believes most market participants are completely overlooking. The chart, plotted on Bitcoin’s weekly timeframe, outlines a multi-year roadmap that could first subject the cryptocurrency to significant downside pressure, potentially triggering a price crash to $40,000 before setting the stage for an explosive rally that could shock investors and traders.

2026-3-4 18:00


Kaspa (KAS) Price Mirrors Bitcoin’s Early Path As Chart Points To New All Time High

Kaspa price is back in focus after a chart surfaced showing a striking resemblance between KAS price action and Bitcoin price behavior before one of its most powerful historical rallies. The visual comparison is hard to ignore, showing a long consolidation phase, gradual upward pressure, and then a sharp expansion that changed Bitcoin’s trajectory completely.

2026-1-21 17:30


Фото:

Bitcoin demand is breaking out, but dealers are mechanically forcing stability: Here is the exact price the dam cracks

Bitcoin is now trading around near $96,000 as spot ETF inflows and options market positioning exert opposing mechanical forces on price behavior. The current price sits just outside a range between roughly $90,000 and $94,000, a band that has persisted despite intermittent surges and declines in spot demand through US-listed Bitcoin exchange-traded funds.

2026-1-16 20:50


Фото:

Bitcoin Big Move Incoming? BTC Whales Are Stacking Long Positions At A Rapid Pace

Bitcoin’s price may be showcasing slight upward movement, but the overall outlook is still quite bearish considering the volatile state of the broader cryptocurrency market. Even with the flagship asset trading below the $90,000 price mark for the past few weeks, expectations for another huge rally remain solid in the hearts of major investors as […]

2025-12-29 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin retests $70K as veteran trader flags ‘ugly’ setup

Bitcoin traded to intraday lows of $70,500 amid key macro and geopolitical-related events. Veteran trader Peter Brandt has highlighted a potential bearish retest of support. The Iran war and inflation concerns tick potential negative catalysts boxes.

Why QCP Capital says BTC is a ‘stress barometer’

QCP sees Bitcoin as a ‘stress barometer’ amid macro, geopolitical risks. BTC continues to eye $70,000 as support, with gains key to upside continuation. Breakdown risks BTC retesting $63k lows, where prior dip-buying emerged.

Bitcoin drops to $62,800 as tariffs, ETF outflows pressure crypto market

Bitcoin price dipped to $62,800 amid the latest market weakness. Analysts say $60,000 is key to the bulls’ short-term picture. BTC could dip to $50,000 amid a bear cross pattern. Bitcoin’s price slide gathered momentum on Tuesday, with fresh losses to under $63,000 as the cryptocurrency’s vulnerability to macroeconomic pressures and global uncertainties continued.

Bitcoin price forecast: BTC stays below $90k as recovery signs slow down

Key takeaways BTC is down less than 1% as the market remains choppy.   The leading cryptocurrency could retest the $87k support level before rallying higher.   BTC’s price action remains choppy The cryptocurrency market continues to underperform as BTC and the other leading coins are in the red.