Bitcoin Analysis Ror Rest Of 2021 | Bitcoin Price Drop To Continue?

Here is our next video about Bitcoin analysis for the rest of 2021. Bitcoin price has surged today to $43,630.29 or almost 3% on market fears over Evergrande debt crisis in China. Bitcoin price in 2021 could be boosted further by similar shockwaves in traditional markets.

According to the Bitcoin price analysis 2021, Bitcoin price usd has been in a slight recovery mode over the last 24 hours after it’s been falling in the last two weeks since it failed to break consistently above the $50,000 level.

Other Bitcoin price news might also support the price. According to data by BitInfoCharts, a mysterious whale wallet added 729 coins worth around $31 million and now owns more than 112,000 bitcoins worth around $4,857 billion. The buying the dip strategy by major investors is also raising the Bitcoin price forecast.

The Bitcoin price analysis also shows further uncertainty over the pandemic restrictions in the months ahead might influence Bitcoin price 2021. The technical analysis points out that it is important for Bitcoin 2021 to start pushing above $50,000 to signal a reversal of the bearish trend.

Watch‌ ‌the‌ ‌full‌ ‌video‌ ‌for‌ ‌our‌ ‌take‌ ‌on‌ Bitcoin price forecast 2021 and‌ ‌a‌ ‌deeper‌ ‌insight‌ ‌into‌ ‌what‌ ‌to‌ ‌expect‌ ‌in‌ ‌the‌ ‌weeks‌ ‌ahead‌ ‌from‌ ‌our‌ Bitcoin price prediction.‌ ‌Drop‌ ‌us‌ ‌a‌ ‌line‌ ‌in‌ ‌the‌ ‌comments‌ ‌with‌ ‌your‌ ‌thoughts‌ ‌on‌ the Bitcoin price target.
‌
To‌ ‌be‌ ‌notified‌ ‌about‌ ‌the‌ ‌latest‌ Bitcoin price prediction 2021 ‌and‌ ‌news,‌ ‌subscribe‌ ‌to‌ Capital.com,‌ ‌and‌ ‌click‌ ‌that‌ ‌notification‌ ‌bell.‌

#bitcoinprice
#bitcoinanalysis

00:00 Intro
01:00 Portfolio
02:34 Bitcoin struggling to move higher
05:45 Support and resistance
06:20 Technical analysis
10:55 Recap

***
Explore trading and start investing with Capital.com.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This video is for general information only and is not intended to provide trading or investment advice or any personal recommendations.  The information in this video is indicative, and may become out of date at any given time.

Capital.com shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video.  Any information relating to past performance of an investment does not necessarily guarantee future performance.

Please remember spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage,  You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Invest only what you can afford to lose.  These products may not be suitable for all clients, we therefore recommend that you seek independent advice and ensure you fully understand the risk involved before trading.  You do not own, or have any interest in the underlying assets.

Professional clients can incur losses that exceed their deposits when spread betting and trading CFDs.