{"id":516527,"date":"2023-01-18T18:00:19","date_gmt":"2023-01-18T23:00:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=516527"},"modified":"2024-06-11T08:07:47","modified_gmt":"2024-06-11T08:07:47","slug":"bitcoin-price-investors-predict-decline","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-investors-predict-decline\/","title":{"rendered":"Bitcoin Price: Investors Predict 12% Decline For BTC In Next Two Weeks"},"content":{"rendered":"

Bitcoin has done well in the last week with multiple rallies that have brought the digital asset\u2019s price back to early November 2022 levels. However, while investor sentiment looks to have significantly recovered, not everyone is expecting BTC to continue to do well. The Coinmarketcap Price Estimates feature reveals that a large number of investors are expecting the price of the cryptocurrency to fall over the next two weeks.<\/p>\n

12% Decline For Bitcoin<\/h2>\n

The Coinmarketcap Price Estimates feature allows users to input their forecasts for the price of any digital asset and then produces an average price based on everyone\u2019s predictions. This can help to give a good feel of the community and how they are looking for an asset.<\/p>\n

Related Reading: Liquidations Cross $200 Million Following Bitcoin\u2019s Rise Above $19,000<\/a><\/div>\n

For bitcoin, it seems not a lot of investors expect the pioneer cryptocurrency to continue on this recovery trend. With over 19,000 price estimates submitted<\/a>, the median came out to an expected 12% decrease in bitcoin\u2019s price in the coming two weeks. Such a decline would actually see the price of BTC fall as low as $18,634, losing more than $2,500 of its current value.\u00a0<\/span><\/p>\n

This bearish sentiment does not stop at the end of the month of January but carries into the following months. The median estimated price for the month of February was $18,981, which is an over 10% decline from the current price, and the outlook for March was almost identical in this regard.<\/p>\n

The expected declines stretch out over the next six months with price medians getting progressively lower. Estimates came out to a between 14-18% decline for the month of April, June, and July, respectively.<\/p>\n

\"bitcoin<\/p>\n

Bearish outlook for BTC in the next six months | Source: Coinmarketcap<\/a><\/pre>\n
Will BTC Succumb To Bearish Pressure?<\/h2>\n
Over the last week, the bitcoin price has been able to clear multiple important levels. These include the 50 and 100-day moving averages, solidifying the bullish trend in the short term. However, while the digital asset is still bullish for the short term, there could be more bad news over the long term.<\/p>\n
Related Reading: XRP Tops List Of Gainers As Whale Interest Spikes<\/a><\/div>\n
One important technical level that BTC is yet to clear is the 200-day moving average. This is perhaps one of the most important indicators if the digital asset is to continue its upward rally into the next few months. It is currently sitting at $22,738, which means another 5% move upward from its current price could bring BTC toe to toe with this indicator.<\/p>\n
If bitcoin clears this, selling pressure will likely decline as more investors try to get into the asset. This would lead to a test of the $22,400 resistance level, one that would be easily beaten as long as there is no slowdown in decline. In the end, bitcoin\u2019s performance over the long term will depend on its ability to move enough to beat the 200-day MA.<\/p>\n
BTC’s price is now trailing above $21,100 after failing to beat the $21,500 resistance level.<\/p>\n
\"Bitcoin<\/p>\n
BTC price drops below $21,200 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from BeInCrypto, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has done well in the last week with multiple rallies that have brought the digital asset\u2019s price back to early November 2022 levels. However, while investor sentiment looks to have significantly recovered, not everyone is expecting BTC to continue to do well. The Coinmarketcap Price Estimates feature reveals that a large number of investors are expecting the price of the cryptocurrency to fall over the next two weeks. 12% Decline For Bitcoin The Coinmarketcap Price Estimates feature allows users to input their forecasts for the price of any digital asset and then produces an average price based on everyone\u2019s predictions. This can help to give a good feel of the community and how they are looking for an asset. Related Reading: Liquidations Cross $200 Million Following Bitcoin\u2019s Rise Above $19,000 For bitcoin, it seems not a lot of investors expect the pioneer cryptocurrency to continue on this recovery trend. With over 19,000 price estimates submitted, the median came out to an expected 12% decrease in bitcoin\u2019s price in the coming two weeks. Such a decline would actually see the price of BTC fall as low as $18,634, losing more than $2,500 of its current value.\u00a0 This bearish sentiment does not stop at the end of the month of January but carries into the following months. The median estimated price for the month of February was $18,981, which is an over 10% decline from the current price, and the outlook for March was almost identical in this regard. The expected declines stretch out over the next six months with price medians getting progressively lower. Estimates came out to a between 14-18% decline for the month of April, June, and July, respectively. Bearish outlook for BTC in the next six months | Source: Coinmarketcap Will BTC Succumb To Bearish Pressure? Over the last week, the bitcoin price has been able to clear multiple important levels. These include the 50 and 100-day moving averages, solidifying the bullish trend in the short term. However, while the digital asset is still bullish for the short term, there could be more bad news over the long term. Related Reading: XRP Tops List Of Gainers As Whale Interest Spikes One important technical level that BTC is yet to clear is the 200-day moving average. This is perhaps one of the most important indicators if the digital asset is to continue its upward rally into the next few months. It is currently sitting at $22,738, which means another 5% move upward from its current price could bring BTC toe to toe with this indicator. If bitcoin clears this, selling pressure will likely decline as more investors try to get into the asset. This would lead to a test of the $22,400 resistance level, one that would be easily beaten as long as there is no slowdown in decline. In the end, bitcoin\u2019s performance over the long term will depend on its ability to move enough to beat the 200-day MA. BTC’s price is now trailing above $21,100 after failing to beat the $21,500 resistance level. BTC price drops below $21,200 | Source: BTCUSD on TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from BeInCrypto, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":516532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1144,78790],"class_list":["post-516527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Price: Investors Predict 12% Decline For BTC In Next Two Weeks<\/title>\n<meta name=\"description\" content=\"Bitcoin has done well in the last week with multiple rallies that have brought the digital asset\u2019s price back to early November 2022 levels. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price: Investors Predict 12% Decline For BTC In Next Two Weeks","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-investors-predict-decline\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-investors-predict-decline\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/bitcoin-bear.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/bitcoin-bear.jpg?fit=965%2C500"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusd","btcusdt"],"dateCreated":"2023-01-18T23:00:19Z","datePublished":"2023-01-18T23:00:19Z","dateModified":"2024-06-11T08:07:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price: Investors Predict 12% Decline For BTC In Next Two Weeks\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-investors-predict-decline\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-investors-predict-decline\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-bear.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-bear.jpg?fit=965%2C500\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-01-18T23:00:19Z\",\"datePublished\":\"2023-01-18T23:00:19Z\",\"dateModified\":\"2024-06-11T08:07:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/bitcoin-bear.jpg?fit=965%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/516527"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=516527"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/516527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/516532"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=516527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=516527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=516527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}