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.
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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.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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