{"id":25976,"date":"2022-05-04T12:43:57","date_gmt":"2022-05-04T16:43:57","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=25976"},"modified":"2022-05-04T12:44:02","modified_gmt":"2022-05-04T16:44:02","slug":"heres-why-bitcoin-btc-price-is-set-for-near-10-increase","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/heres-why-bitcoin-btc-price-is-set-for-near-10-increase\/","title":{"rendered":"Here’s Why Bitcoin (BTC) Price Is Set For Near 10% Increase "},"content":{"rendered":"\n
After its third-largest weekly fall in over a year, the Bitcoin (BTC) pric<\/a>e has finally begun to rise. BTC's price has effectively rebounded from the critical support level of $37,500, despite an impending Federal Reserve rate hike.<\/h5>\n\n\n\n
\"Here's<\/figure><\/div>\n\n\n\n

Various experts, like The Wolf of All Streets, Michael van de Poppe, and PlanB, are positive about the bullish trend, with the Bitcoin price currently holding above $39,000.<\/p>\n\n\n\n

Bitcoin (BTC) Price Rises Over $39,000 Amid Accumulation<\/strong><\/h3>\n\n\n\n

In a tweet on May 4\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, on-chain data provider Santiment posted historical data showing a 20% rally as a result of BTC transactions is negative at the same levels between February 16 and 22. The week's Bitcoin Ratio of On-Chain Transactions Volume in Profit\/Loss statistic is the third-largest capitulation in a year.<\/p>\n\n\n\n

The price of Bitcoin (BTC) may climb again, as it did previously. However, due to Fed monetary tightening and current sentiments, a nearly 10% increase is expected this time.<\/p>\n\n\n\n

\"Here's<\/figure><\/div>\n\n\n\n

As technicals improve, several analysts and traders forecast a price rise in the upcoming days.<\/p>\n\n\n\n

Michael van de Poppe predicts that the price of Bitcoin (BTC) will rise from current levels. He said:<\/p>\n\n\n\n

\u201cBitcoin starts to look way better at this stage. Odds that the event tonight is a \u2018Sell the rumour, Buy the News\u2019 event are increasing.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

A popular crypto trader, The Wolf Of All Streets, predicts a rebound in Bitcoin price as it breaks above the trend line. In fact, a big rise could be anticipated if the BTC price stabilizes over $39,000.<\/p>\n\n\n\n

\"Here's<\/figure><\/div>\n\n\n\n

According to PlanB, the original $55K S2F model, which was released in March 2019, appears to be trailing the Bitcoin price trend. He also expects an upward movement in Bitcoin.<\/p>\n\n\n\n

Bitcoin Anticipates Bullish Indication<\/strong><\/h3>\n\n\n\n

The Bitcoin (BTC) price has regained nearly 5% in the last 24 hours, stabilizing near $39,000. There is a huge increase in trading volume as whales continue to acquire at dips. Moreover, the BTC has avoided a drop below the critical support level. It suggests that a rally could happen in the next few days.<\/p>\n\n\n\n

Despite the good social sentiment, retail investors must wait for a definitive indication of a bullish trend.<\/p>\n","protected":false},"excerpt":{"rendered":"

After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally begun to rise. BTC’s price has effectively rebounded from the critical support level of $37,500, despite an impending Federal Reserve rate hike. Various experts, like The Wolf of All Streets, Michael van de Poppe, and PlanB, are positive about the […]<\/p>\n","protected":false},"author":32,"featured_media":23185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,149],"class_list":["post-25976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-btc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/bitcoin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=25976"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23185"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=25976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=25976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=25976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}