It’s lunchtime, so we take another look at the live Bitcoin price and the prices of the top 25 crypto currencies. Then we share the news in which BTC can expect more mass adoption, analyze bull signals and make the Bitcoin price forecast for next week.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto currencies.
Live Bitcoin price and prices top 25 crypto flat but positive
At the time of writing, the live Bitcoin price is quoting EUR 39,454.31 ($43,590.36). This is 0.55% higher than during our Bitcoin lunch yesterday.
The prices of the top 25 crypto coins are also generally flat, although there are both bullish and bearish outliers. The crypto coin in the top 25 with the most losses is Terra (LUNA) which is losing 3.08%. The most gains of the day so far are for Near Protocol (NEAR), which is up +24.05%. On the website of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day and thus also throughout the weekend.
News: paying with Bitcoin on Shopify and in Honduras
The more people use Bitcoin, the greater the demand. That’s why mass adoption is important, and there is news on that front.
For example, you will soon be able to pay with Bitcoin in Shopify shops. This is because payment provider Stripe is integrating payment with BTC. Shopify is a solution for online retailers, and it is used by large companies, including McDonald’s, Walmart, Home Depot and Best Buy, as well as many small online stores.
In addition, the Próspera ZEDE economic zone in Honduras has recognized the BTC as legal tender. This means that companies in this area can pay their taxes with BTC and also issue Bitcoin options. In doing so, the country is following in the footsteps of El Salvador.
In addition to these bullish reports, there are also technical bull factors for Bitcoin.
BTC remains bullish according to these technical indicators
Looking at the technical analyses, we see that the number of unique BTC movements on the Blockchain is now moving back into bullish territory. This is made clear in the Tweet below.
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– Santiment (@santimentfeed) April 7, 2022
In addition, we are seeing whales (grand owners) move their BTC en masse from exchanges to private wallets. In the past 24 hours alone, 1,000 BTC disappeared from exchanges. This is another strong bullish factor.
The question, of course, is what this means for the Bitcoin price in the coming week.
Bitcoin price forecast for the coming week
We are currently seeing the Bitcoin price consolidate. In order for the bull rally to be reflected in the price, the price needs to get and stay above $45,500. If the price remains below this level, a further correction towards $43,000 seems to be in the offing.
In order to remain further bullish, the Bitcoin price must next pass the $46,198 level and then break through the 200-day SMA level at $48,249 to advance towards the psychological barrier of $50,000 and reach the price target of $52,000. Based on the technical bull indicators, this scenario certainly seems likely. In the video analysis below you can see why.
As BTC investors know by now, it is never wrong to follow the bearish scenario as well. We already saw that if the BTC price doesn’t get above $45,500 a bearish correction to $43,000 can be expected.
If the market reacts poorly to that, the Bitcoin price could fall further. A close of the daily candle stick below $ 40,490.- is a harbinger of a bearish reversal. In that case, a price drop to the next support levels, which we only find at $34,752 and $30,000, is imminent, but given all the bull signals, this seems unlikely.
At least we now know which prices are important for investors this coming weekend.
Want to stay up to date on the latest stock 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. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”