Skip to main content

FEATURED POST

Price Prediction for Matic (Polygon)

  The price of Matic is inching towards the 15, 20 & 25 moving averages The yellow lines represent the range between which Matic has been trading since July The expectation is for the price of Matic to drop to 0.76 in the next few days Note: Trading decisions should not be based on the opinion in this article, investors should conduct their own due  diligence  before buying the cryptocurrency. This article is purely based on my own research and understanding of the cryptocurrency in the article.

Where Will The Price of Bitcoin End Up In A Few Months?

  

Bitcoin future price prediction

  • Bitcoin is currently priced at $57,465 as at 1st May 2021
  • Bitcoin is predicted to end the months at the following prices:
    • May - $70,546
    • June - $77,922
    • July - $85,544
    • Aug - $93,167 
  • Sentiment Analysis - Bitcoin returned a positive 66% as per the sentiment analysis model. A further sentiment analysis was conducted on the following phrases: Bitcoin Buy: 66% and Bitcoin Sell: 70%. A higher sentiment percentage for the keyword 'Bitcoin Sell' could indicate a higher selling pressure in the short term.
  • On a daily scale, the RSI currently sits at 53.96RSI above the 70 level signals overbought and below 40 signals oversold. The current level is at the mid point, we expect the RSI to rise slightly.
  • MACD a momentum indicator indicates an upward trend in the price 
  • 10 Day Volume Moving Average vs Close Price
Bitcoin future price prediction

  • The chart above shows the relation between 10 Day Volume Moving Average (DVMA) calculated using the daily buying or selling pressure vs the close price of the cryptocurrency. The 10 DVMA can be used a gauge to predict the movement of price.
  • As per the chart, the price follows the 10 Day Volume Moving Average. The 10 DVMA is currently on an upward trend which might lead the price of Bitcoin higher. We expect the price to rise to $59,000 before the selling pressure kicks in, in the short term.

Summary Points:
  • Short Term: Indication of a possible price increase for Bitcoin in the coming days 
  • Long Term: The price of Bitcoin is predicted to reach $93,167 by the end of August, resulting in a 62% increase from the current price.
  • Trade Indicator:
    • Short Term: Buy
    • Long Term:  Strong Buy

Note: Price predictions in this article are based on mathematical models and should only be used as a reference and not as a trading signal. Trading decisions should not be based on the opinion in this article, investors should conduct their own due diligence before buying or selling the cryptocurrency. 

Comments

  1. This article provided me with a wealth of information about Canadian bitcoin exchange. The article is both educational and helpful. Thank you for providing this information. Keep up the good work.

    ReplyDelete
  2. You have shared a lot of information in this article about cook islands International Finance Centre law. I would like to express my gratitude to everyone who contributed to this useful article. Keep posting.

    ReplyDelete
  3. Thanks for your post. It's very helpful post for us. You can also visit Software For Blockchain Development for more Victor Steel related information. I would like to thanks for sharing this article here.

    ReplyDelete
  4. The information you've provided is quite useful about IC Markets Review Online Platforms. It's incredibly instructional because it provides some of the most useful information. Thank you for sharing that.

    ReplyDelete
  5. You've posted a very informative post here about IC Markets Review Online. This article provided me with some useful knowledge. Thank you for sharing that. Keep up the good work.

    ReplyDelete
  6. The article you've shared here is fantastic because it provides some excellent information that will be incredibly beneficial to me. Thank you for sharing about trading account online. Keep up the good work.

    ReplyDelete
  7. When you stop a slot machine by your self, you scale back the 'time of spin' , making the sport go faster. 벳익스플로어 On a restricted number of on-line casinos you get wager free spins with no deposit on registration . When you play Space Wars for real money, have the ability to|you possibly can} choose to bet anywhere from 0.4 to twenty per spin. That's why larger denomination slots are also riskier than decrease denomination slots.

    ReplyDelete

Post a Comment