{"id":483729,"date":"2022-02-15T10:11:14","date_gmt":"2022-02-15T10:11:14","guid":{"rendered":"https:\/\/wncen.com\/?p=483729"},"modified":"2024-06-11T14:11:32","modified_gmt":"2024-06-11T14:11:32","slug":"bitcoin-price-research-group-sees-crypto-200k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-research-group-sees-crypto-200k\/","title":{"rendered":"Bitcoin Price: Research Group Sees Crypto Hitting $200,000"},"content":{"rendered":"
The Bitcoin price trading value has hit $41,934.38 in the open market Monday, which is down by 0.95% on its index.<\/p>\n
The cryptocurrency is still recovering from\u00a0a 50% slump from its November all-time high of $69,500.<\/p>\n
Its value has been able to rally from $33K, and crossing the psychological resistance level of up to $40,000.<\/p>\n
Due to the fact that technical indicators have now reached oversold levels, the bullish trend will continue to gain steam.<\/p>\n
The fear and greed index, which gauges investors’ perceptions and personal appraisals of the market, has surged to 46 from 44 recently.<\/p>\n
Analysts see Bitcoin having positive returns within the month, as technical indicators imply short-term buyers will be active around the $35,000-$37,000 support level for the near term.<\/p>\n
Still, its upside remains in the $45,000 mark.<\/p>\n
Regardless of the conditions, crypto specialists remain suspicious due to the Biden administration’s expected publication of an executive order this month to regulate Bitcoin.<\/p>\n
<\/p>\n
BTC\/USD at $44,052 in the daily chart | Source: TradingView.com<\/pre>\nRelated Reading | Bitcoin Fundamentals Show Signs Of Fresh Rally, Here Are Things To Consider<\/a><\/em><\/strong><\/p>\n
Bitcoin Forecast<\/strong><\/h2>\n
According to recent forecasts, the long-term price of Bitcoin might reach up to $150,000, representing a significant increase over the previous year’s expectation of $146,000.<\/p>\n