Comment
Author: Admin | 2025-04-28
Including Bitcoin. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.Will Bitcoin go back up? Based on our algorithmically generated price prediction for Bitcoin, the price of BTC is expected to decrease by 42.50% in the next month and reach $ 125,879 on Mar 28, 2025. Additionally, Bitcoin’s price is forecasted to gain 98.80% in the next six months and reach $ 175,610 on Aug 24, 2025. Finally, Bitcoin is expected to trade at $ 118,223 on Feb 25, 2026, following a 33.84% value decrease in one year. How does our price prediction for Bitcoin work? The Bitcoin price prediction on CoinCodex is calculated using the historical Bitcoin price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Bitcoin prediction. How to read and predict Bitcoin price movements?Bitcoin traders use a variety of tools to try and determine the direction in which the BTC market is likely to head next. These tools can roughly be
Add Comment