The latest price for one Bitcoin (BTC) is $62,211, reflecting a 3% increase in the last 24 hours. BTC has closed above its opening price 52.87% of the time. The all-time high for Bitcoin is $72,689, recorded six months ago, marking a decline of 14.42% from that peak.
Among 17 technical indicators, 8 signal a buy and 4 indicate a sell, suggesting a bullish short-term sentiment based on technical analysis. The first major resistance level for BTC is at $62,441; a close above this level is necessary for further upward movement. The bottom support level is at $60,316; if the price falls below this, a further decline may follow. Conversely, closing above $62,441 could allow BTC to rise to the next resistance at $65,026.
The 14-day relative strength index (RSI) currently stands at 45.43, indicating a neutral market without oversold or overbought conditions. The weekly RSI is at 63.48, similarly suggesting balanced market conditions.
Historically, Bitcoin's price on the last day of October has closed above the opening price 9 out of the last 12 years, while it closed lower 3 times. February has been Bitcoin's strongest month over the past twelve years, with prices ending higher than the beginning 9 times. August has been the weakest month, seeing prices lower at the end 8 out of 12 times.
Bitcoin has experienced three notable bull runs. The first all-time high (ATH) was in November 2013 at $1,156, followed by a decline to $211.73 before the next bull run. Approximately four years later, a new ATH was reached. The last significant bull run occurred in November 2021, with 1,060 days having passed since then. Historically, BTC took 1,405 days to reach a new ATH.
According to our Bitcoin price prediction, BTC could reach $68,216 in the next 10 days. The long-term forecast for 2025 is $221,485, with a 2030 prediction of $369,701. Looking even further ahead, predictions for 2040 suggest a price of $1,018,422.
For 2024, the projected maximum price for Bitcoin is $79,207, with a minimum of $16,587, placing the expected price range for this year between $16,587 and $79,207. For 2025, the maximum forecast is $221,485, with a minimum estimate of $180,722.
#WeAreAllSatoshi #BinanceLaunchpoolHMSTR #U.S.UnemploymentNewLow #HBODocumentarySatoshiRevealed #Bitcoin❗
