If you’re wondering, “How can I know daily Bitcoin prediction?” you’ve come to the right place. There are many tools available on the internet that use fundamental data from the blockchain to make predictions. These models are better than others at forecasting the market based on news events and interest rates. The best ones also combine on-chain data with technical indicators to produce daily predictions. If you’re serious about predicting bitcoin’s price, it’s worth checking the Bitcoin price indicators.
If you’re curious about the price of BTC, look to see what the other major cryptocurrencies are doing. ETH, for example, tends to go higher in January than BTC, giving an average return of about 60%. While both ETH and BTC are in a downtrend, you can expect a daily Bitcoin prediction range between $52,000 and $42,000 dollars. You can check the 1-week and month charts for BTC to see whether it will be in a bullish or bearish structure. In addition, BTC’s price is located in the golden pocket Fibonacci zone.
There are many indicators used by bitcoin traders to make their predictions. The 50-day, 100-day, and 200-day moving averages are among the most commonly used indicators. BTC price movement above these moving averages is considered a bullish sign, while a move below them is considered bearish. RSI and Fibonacci retracement level indicators are also popular tools used by traders.