• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Robinhood Crypto records 6 million customers in 2021

    Robinhood Crypto records 6 million customers in 2021

    Cryptocurrency investment

    Cryptocurrency investment in Australia is high, survey

    Bitcoin security

    Bitcoin Security: MIT’s long term project backed by crypto authorities

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Robinhood Crypto records 6 million customers in 2021

    Robinhood Crypto records 6 million customers in 2021

    Cryptocurrency investment

    Cryptocurrency investment in Australia is high, survey

    Bitcoin security

    Bitcoin Security: MIT’s long term project backed by crypto authorities

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

Bitcoin price prediction: BTC celebrates 12th Birthday with $34,800 all-time high

Gurpreet Thind by Gurpreet Thind
January 3, 2021
in Bitcoin News
5 min read
Bitcoin price prediction BTC celebrates 12th Birthday with $34,800 all-time high
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Bitcoin price prediction is beyond bullish territory as price touches all-time highs
  • Bitcoin celebrates its twelfth birthday on January 3rd
  • BTC/USD reached the zenith of $34,800 mark on the back of strong buying
  • Correction towards $33,000 will help cool down technical indicators

Bitcoin (BTC), the king of cryptocurrencies started the year off strong skyrocketing to a higher price every day since new year’s eve. BTC really is leaving behind the woes of 2020 and is ready to dominate the market. Some expect it to surpass its resistance levels whereas others expect a 50 percent drop; making Bitcoin price prediction uncertain at the moment.

Bitcoin price prediction: BTC celebrates 12th Birthday with $34,800 all-time high 1
Bitcoin price chart by Trading View

BTC has been steadily increasing its price with its recent and all-time high being $34,222, after rising from an impressive $29,044 in the last 24 hours. It is currently resting at $33,911, just an inch below its shattering $34K. Indicating that. Nineteen of its twenty-eight indicators suggest buying at the moment, whilst seven remaining show neutral and merely 2 show sell. 

RelatedPosts

Falling GBTC premium may cause investors to dump BTC – Peter Schiff

Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

Bitcoin price slumps below $45,000

Bitcoin Security: MIT’s long term project backed by crypto authorities

Going into the specifics, the oscillatory indicators push to remain neutral whilst the moving averages show a strong buy with sixteen out of seventeen indicators in that category. The market’s general attitude seems bullish Bitcoin price prediction for 2021, although others await the bearish drop. 

BTC/USD 4-hour chart – Stabilizing near the all-time highs

Bitcoin price prediction: BTC celebrates 12th Birthday with $34,800 all-time high 2
Bitcoin price chart by TradingView

It seems that Bitcoin have itself a gift on its twelfth birthday by hitting the all-time high level of $34K. If 2020 was impressive in terms of BTC price rise, the investors can’t wait for 2021 returns. Bitcoin has begun the new year on a high note by breaking through multiple resistances.

Most barriers were lined up near the $30,000 level. However, the massive volumes and broader investor interest pushed the price through major resistances. The consecutive highs were achieved on the back of a highly positive crypto market sentiment that seems to be working across the board for all coins. The coveted $30,000 level was achieved without much effort on part of the bulls.

Technical indicators are stretched beyond their higher levels due to the recent bull rally. the bullish Bitcoin price prediction is currently facing headwinds as technical indicators retreat from their phenomenal highs and back into normal levels. The recent drop below $34,000 shows that the price will correct further towards $33,000 before bull rally stabilizes again. The bulls have intercepted the downturn and are containing the downfall to turn Bitcoin price prediction bullish once again.

The next resistance lies at $35,000 where the bears may get a chance to start a sell rally. The overbought technical indicators on the daily charts will likely help them.

Bitcoin price movement in the last 24 hours – BTC not willing to let go all-time highs

Bitcoin price prediction is surpassing even the most bullish scenarios as BTC/USD touches $34,000 for the first time since its launch. As Bitcoin registered a high of $34,544, the world looked in awe since the coin gained $5,000 in mere three days. At the time of writing, the price is hovering around $33,661 and still very much within the all-time high range.

The relentless surge of Bitcoin in the past few days shows that the coin is now delivering the returns that its investors always dreamt of. Bitcoin has surpassed other safe-haven assets in terms of annual returns and is far ahead of other traditional assets. Its rise from COVID-19 lows of March 2020 is nothing short of a miracle. The bounce back has strengthened its position as a dominant asset that wealth managers can no longer ignore. The BTC/USD chart has gained more than 50 percent from December prices and added $10,000 in value in a few weeks’ time.

So, what’s fueling the relentless rise of Bitcoin

Bulk buying by institutional investors and large money-market participants is contributing to the rise of Bitcoin. In their frenzy to join in on the ‘Fear-of-Missing-Out’ the large players are buying in bulk and the price rise has been swift. Back in November, no one would have agreed to such a lofty Bitcoin price prediction.

Another major factor in Bitcoin’s rise is the positive development surrounding the cryptocurrency realm. many coins have reported positive news regarding fundamental developments and success of feasible projects with accountable impact in the real world. From Ethereum to Bitcoin, most cryptocurrencies have risen to new highs in a span of few months.

Here is the #bitcoin bubble resolution table I came up with based on Lowest Price Forward. Assumes adoption trends are constant and uninterrupted. Assumes a 2014-style bubble resolution. Assumes a lot more, see published research. PS this was hard. pic.twitter.com/nPpjwifuMS

— Timothy Peterson (@nsquaredcrypto) January 3, 2021

Bitcoin has achieved far more mainstream recognition compared to 2019. The past year has ingrained cryptocurrencies into the mindset of the general populace across various nations. BTC’s dominance in traditional payment mechanisms is also rising fast. PayPal has to be the most significant factor in helping BTC enter mainstream payment channels. Additionally, many nations that previously feared BTC and imposed regulations are also slowly opening up to the digital currency revolution thereby helping Bitcoin price prediction remain bullish.

Bitcoin price prediction conclusion – Bulls are giving no sign of slowing down

The first resistance lies at $35,000 and then the path seems clear till $38,000. Once again, the bulls may face psychological resistance at $40,000 mark. All the further targets may seem lofty but since the cryptocurrency gained $5,000 in mere 3 days, the higher targets look very much achievable.

There is strong support at $28,732 level where the price will again find strong buying wave. However, the technical indicators are already cooling down which will further embolden the bulls. Bitcoin price prediction will once again enter bullish territory as the price crosses $35,000.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Tags: cryptocurrency tradingcryptomarket
Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related Posts

Falling GBTC premium
Bitcoin News

Falling GBTC premium may cause investors to dump BTC – Peter Schiff

February 26, 2021
Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano
Bitcoin News

Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

February 26, 2021
Bitcoin price
Bitcoin News

Bitcoin price slumps below $45,000

February 26, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

FATF

FATF to update its guidelines on stablecoins and virtual asset service providers

February 26, 2021
Cardano's founder launches RATS pool for ADA staking

Cardano’s founder launches RATS pool for ADA staking

February 26, 2021
Anchorage prepares for institutions with $80 million Series C

Anchorage prepares for institutions with $80 million Series C

February 26, 2021
Falling GBTC premium

Falling GBTC premium may cause investors to dump BTC – Peter Schiff

February 26, 2021
Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

February 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.