The live Bitcoin price and prices of the top 25 crypto currencies are now the regular starting point of our daily Bitcoin lunch. In addition, we look at more bull factors. We also see how Bitcoin is heading towards a price of $1 million per BTC. Finally, we share some quotes that investors are following right now.
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 rise
The live Bitcoin price is quoting EUR 36,759.32 ($39,651.44) at the time of writing. This is 1.39% higher than during our King’s Day Bitcoin lunch yesterday.
The prices of the top 25 crypto are also mostly positive. There are red numbers, but seeing that Avalanche (AVAX) is currently the biggest loser from the top 25 at -1.37%, the damage doesn’t seem to be too bad. The biggest gain of the day so far is for BinanceCoin (BNB) with + 2.99%. On the Tradeincrypto.com site you can analyze all live crypto prices 24 hours a day.
Bullish factors Bitcoin are driving out the bears
As we saw last night, it was worth a sweet thing (almost $100 million) for the bears to keep the price below $39,000. This apparently failed and that is a good sign for the bulls.
The bulls have the wind in their sails anyway. The fact that the Central African Republic has now accepted BTC as legal tender certainly helps, as it gives confidence in further mass adoption and user-cases for BTC.
There was also another bull factor to note in the technical analyses. Indeed, a bullish MACD cross appears to be on the way for the first time this year.
Bullish breakout imminent? These are the quotes that BTC investors are following right now
If Bitcoin is to continue its bullish trend, it is important that the BTC price first manages to break the resistance at $40,700. If successful, the price can rise further and break through the smaller resistances between $41,000 and $45,000.
If the attack on the first resistance is unsuccessful, a fall will follow. However, this will be small. Technical support lies around $37,000, but so far the whales are buying the dip between $39,000 and $38,000. Thus, as we can see, Bitcoin is moving between increasingly narrow ranges and a breakout seems evident in the coming days. Thereby, the chances of a bullish breakout are the greatest for the time being as we also see in this analysis.
Arthur Hayes: BTC worth $1 million by 2030, here’s how it’s going to…
In the long term, the majority of analysts remain positive about the Bitcoin price. BitMEX founder Arthur Hayes, for example, is convinced that the BTC will be worth $1 million in 10 years.
In an extensive blog post, he explains the factors involved and the steps you can take to prepare for this financially. He is convinced that if the market also shows these steps, the price of Bitcoin will rise to $1 million in 10 years.
There is, however, one catch-22 in his story. Namely, he argues that for Bitcoin to reach this price level, it is essential that it be used as a means of payment. The question, of course, is which investor does that while knowing that an astronomical return awaits if one holds on to the BTC. This while, according to Hayes, the $1 million exchange rate will thus not be reached if one holds the currency en masse.
We are curious and will continue to follow how this situation develops. Of course we will give you the opportunity to witness this.
Want to stay informed about 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.”