News View Non-AMP

Bitcoin Price Prediction: No Confirmation Of Volatile Shifts; Here’s When Serious Fireworks Will Begin

Published by
Anjali Belgaumkar

The short-term trends look a bit shaky for the cryptocurrency market and the potential for a breather keeps lingering. After sailing in the red zone, Bitcoin has now drifted to the green zone, trading above the $61,500 levels.

Analyst’s Perspective on Price Range

Analyst Josh of Crypto World said that Bitcoin has been stuck in a huge sideways range lately, bouncing between roughly $73,000 and $56,000. Historically, such periods of calm often precede big price fireworks. So, brace yourselves—some serious action could be just around the corner.

Technical Analysis Insights

Zooming into the 3-day chart, the analyst noticed the Relative Strength Index (RSI) has been dipping below 50. In the past couple of years, whenever this happened, it often turned out to be a good time to buy Bitcoin, especially if you’re thinking long-term.

Now, looking at the daily chart, things get a bit bearish. The U.S. Dollar Index (DXY) has been flexing its muscles, and that usually means trouble for Bitcoin in the short term. But here’s a twist—the daily RSI recently hit oversold levels. That’s like a red light turning green for a brief pause in the downward slide.

Important levels to watch? Well, $60,000 to $61,000 is where Bitcoin seems to be finding its footing right now. Drop below $56,000, though, and things could get ugly. On the flip side, if Bitcoin can push past $63,000, $67,000, or even $72,000 to $74,000, the coin might see some serious fireworks again.

Observing key technical indicators, such as the Bollinger Bands and the Bollinger Bands Width, he noted that over the past day, these indicators have shown minimal change. This lack of movement suggests that no significant volatile shift has started yet, particularly on the broader timeframe where such moves historically range between 20% to 30% or more over several weeks.

Read Also: Crypto Market Crash: These Altcoins Are Outperforming Bitcoin

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

DOGE to $4? Dogecoin Plots a Comeback, While $0.20 Rival Token Shows Prospects of a 14560% Surge

Dogecoin has shown a 9.74% daily growth to reach $0.2021 in trading value and experts…

April 21, 2025

Top Altcoins to Buy Before the Next Market Surge

With the crypto market showing signs of renewed bullish momentum, investors are looking to position…

April 21, 2025

XDC Network Price Prediction 2025, 2026 – 2030: Is XDC Price Good Investment?

Story Highlights The XDC Price today is . The XDC Network price could hit a…

April 21, 2025

This Altcoin May be the Next 100x Gem, Which Could Thrive in 2025

The crypto markets initiated the weekly trade with decent gains while Bitcoin price surged above…

April 21, 2025

Stellar Price Prediction 2025, 2026 – 2030: Will The XLM Coin Reach $1?

Story Highlights The live price of the Stellar crypto is . XLM price could reach…

April 21, 2025

Pi Network Price Prediction 2025, 2026 – 2030: Why Is Pi Coin Dropping?

Story Highlights The Pi Network price today is PI price could reach a maximum value…

April 21, 2025