Again this new week, we naturally serve the Bitcoin (BTC) lunch in which we share the live Bitcoin (BTC) price and prices of the top 25 crypto. Then we analyze the results of the past week and look ahead to the Bitcoin (BTC) price in the long term and key prices in the short term.
We begin, of course, with the live Bitcoin (BTC) price and the prices of the top 25 crypto
Live bitcoin (BTC) price and prices top 25 crypto are rising fast
At the time of writing, the live Bitcoin (BTC) price is €23,639.67 ($24,086.78). This is 4.70% higher than yesterday around this time and 3.74% higher than during our Bitcoin lunch last Friday.
The prices of the top 25 crypto are also rising sharply. Apart from the stable coins, we only see a loss of 2.57% for Leo Token (LEO). The biggest gain of the day right now is with + 12.39% for ChainLink (LINK).
Crypto results: positive week and month for Bitcoin (BTC) and crypto
Partly due to today’s gains, we see Bitcoin (BTC) and crypto prices closing out a positive week and month.
In the past week, most crypto from the top 25 recorded gains. There were some losses though, with Leo Token (LEO) having to record the biggest drop at -3.44%. The biggest gain was for Avalanche (AVAX) at +19.23%. The Bitcoin (BTC) price recorded + 1.55%.
Over the past 30 days, the Bitcoin (BTC) price recorded +8.62%. In doing so, it had to beat several altcoins to the punch. The biggest gain of the past month was at +143.05% for Ethereum Classic (ETC). Still, not all crypto coins in the top 25 can look back on a positive month. The biggest loss was with -15.57% for Leo Token (LEO).
On the site of Tradeincrypto.com you can analyze all results and all live crypto prices 24 hours a day.
BTC forecast bullish. Price record in 2022
With the positive results, analysts’ outlooks are also becoming more positive again. One of the biggest questions at the moment seems to be the attitude of the Fed. How severe are the measures it intends to take to curb inflation and how likely is it that these measures will cause a recession.
In that context, the inflation figures for America, which will be presented in the coming week, are of course important. Incidentally, it is notable that Bitcoin (BTC) and crypto prices reacted positively to the latest FED interest rate measure and also did not fall heavily after the announcement of the favorable jobs report last Friday. In addition, several experts, including Elon Musk, assume that inflation is past its peak.
Nigel Green of the deVere Group (one of the largest asset managers in the world) is therefore particularly bullish about the BTC outlook. He sees more and more institutional investors stepping in and drawing confidence from the emerging stronger regulatory environment. In doing so, he concludes that the BTC price is now undervalued. According to him, this leads to a Bitcoin (BTC) price expectation of $70,000 before the end of the year which would make a new BTC price record a reality.
Before that, of course, we will focus on the coming week.
Bitcoin (BTC) price forecast and key quotes for the coming week
Last Friday we shared our BTC price forecast for the coming week. As we see in the price patterns outlined there, the Bitcoin price is still above the important moving averages and is slowly moving towards the top of the consolidating range.
This puts the first key price at $24,565, resistance that needs to be broken through to expect further bullish developments. If the price succeeds, we can expect further growth to $28,000.00 and $29,000.00. It also remains to be seen how far BTC will fall back when this resistance is rejected. The most important price is the 200-week moving average that is currently around $22,900.
The announcement of consumer price indexes in America (Wednesday and Thursday) may exert significant influence on the direction of the Bitcoin (BTC) price.
Instantly earn free with this BTC lunch?
Of course, you can use the analyses from this Bitcoin lunch for your own research on profitable crypto investments and score returns, but there are more ways to generate free profits with this Bitcoin (BTC) lunch. For example, you can of course reread our article with 5 ways to earn free crypto.
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Investing but not (only) in crypto?
If you want to spread your risk and not only invest in crypto you can of course also study stocks, gold, silver, Dutch government bonds, FOREX and other investments to spot opportunities.
To get you started with this, every Monday morning we publish our price forecast for various popular investments. You can read this estimate of the prices for various investments every Monday in the free contribution ‘price forecast’ on our sister site MANNERS.nl.
Want to stay informed about the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time.
Note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide rationally if, when, what and how much you want to invest in.
