Bitcoin Price Prediction and Forecast: BTC Crashes below $47K Mark
Bitcoin price prediction for today (Next 24 hours) is in a range between $ 46,387 and $ 49,273. BTC below 47K.
Bitcoin Price Prediction 2021 Updates. Average of 3 analysts
Bitcoin Price Prediction Daily: Current Prices
The current price of Bitcoin is $ 46,925.135 which is 3.41% lower than 24 hours ago.
24 hour high: $ 49,377, 24 hour low: $ 47,152
Bitcoin Price Prediction and Forecast: What Changed for Bitcoin Since June?
Since June Bitcoin has seen a steady rise after crashing below $40,000. But what triggered the rise?
According to new data from blockchain firm Chainalysis, the Bitcoin whales with account roughly $50 million or more worth of bitcoin have jumped back into the market. They have steadily increased their buying since the end of June.
The Chainalysis research also found that until late February larger investors were a “driving force” in the market. These investors were able to influence the market greatly. As they brought more assets prices increased but when they sold prices fell.
As per the data, when the price of Bitcoin started falling even the Whales started selling their digital assets and the selling was a peak in around April. From late June the Whales have started buying more added to it the larger investors also tend to be long-term holders. As per Chainalysis the Whales are trying to retain 75% of their holdings on an average.
