Bitcoin analysis header price forecast
The digital coin
Every Saturday we look ahead in the WANT price forecast to the week ahead. What can we expect from the price of the Bitcoin and the prices of the top 25 crypto coins in the coming week? Of course we also look back to the expectations for last week. Did this come true? Today the price forecast for week 12.
Before we look at the price forecast, we first consider the current price of Bitcoin and the top 25 crypto coins.
How is the Bitcoin performing?
In our price forecast from last week, we saw how the Bitcoin was enthusiastically on its way to a price record. That is different this week. At the time of writing, the Bitcoin price is trading at EUR 48,924.70 ($ 58,448.86), which is 0.20% higher than yesterday morning and slightly below last night’s price.
How do the prices of the top 25 crypto coins move?
At the time of writing, we are seeing a positive crypto market. There are a few fallers. The biggest loss is attributable to Theta Network (THETA), which, with a price drop of 5.69%, lost something of the profit of earlier this week. However, this is an exception, because in general there are rising prices on the digital price board. The biggest riser at the moment is the Tron (TRX), which registered a 16.93% increase.
Of course you can view the live crypto prices on the Tradeincrypto.com website 24 hours a day.
Was our price forecast of last week correct?
In our price forecast from last week, we foresaw a positive week for the crypto market. This prediction came true. In the figures from Tradingview.com we see that all crypto coins from the top 25 (with the exception of the stable coins) offer good results. Portugal predictions of Crypto is popular.
In addition to the Bitcoin price record of $ 61,124.86, we see many crypto coins with double-digit gains. The Filecoin (FILE) recorded the best result of the top 25 crypto coins with a price increase of no less than 55.14% in one week.
We identified the decentralized investment or DeFi as a trend. This expectation turned out to be correct. Over the past week, DeFi tokens often recorded the best results. Even when we look at the weekly prices of the most popular DeFi tokens, we see positive results with a few exceptions.
Finally, we foresaw that the two coins with the least correlation with Bitcoin would also have a positive week. This prediction was also correct. Both Cardano (ADA) and Synthetix Network Token (SNX) saw a positive price development in the past week.
With this baggage in mind, we naturally look ahead to the price forecast for next week.
The crypto price forecast for week 12
Of course, we are the first to look at the expectations for the Bitcoin price for the coming week. We see that the price of the largest cryptocurrency, based on the technical analysis, is still moving in a bullish price pattern. Based on today’s technical analysis, price expectations for the coming week remain bullish. Short-term fundamental analysis shows that we have to take into account 3 factors. These are:
The psychological limit of $ 60,000. After the price record, the currency tried to break through it twice, but each time a rebound followed. Website for crypto in Spain is popular.
Monthly and quarterly options expire next Friday (March 26). We discussed this factor and its possible consequences yesterday afternoon.
The growing rumors of approval of a US Bitcoin ETF. We already provided more background information on this yesterday evening.
The Bitcoin price forecast for week 12
Based on the above information, we expect a positive price development for Bitcoin in the coming week. The only concrete potential bummer is the $ 60,000 psychological limit. The more often an attack on this boundary fails, the greater the chance of a rebound and longer horizontal price development or even a correction.
The price forecast for the top 25 crypto coins
We also only see positive signs for the other top 25 crypto coins based on the trend figures. The other technical ratios show a neutral to positive picture. There are no major fundamental factors to be expected that will influence the coming week, with the exception of a possible sharp correction of the Bitcoin.
So we also expect a positive crypto market next week. We will of course continue to monitor and beat the prices of Bitcoin and the other top 25 crypto coins according to that expectation.
Want to stay informed of the latest price developments?
You can always follow the developments yourself with our outlook on the crypto market and Bitcoin. Of course you can also follow the live prices 24 hours a day if you want to stay informed in real time.
All analyzes were made using the data from Tradeincrypto.com and Tr adingview.com.
Note: We never give financial advice, so you cannot interpret our contributions that way. Always do your own research and make rational decisions about whether, when, in what and how much you want to invest.