Bitcoin Crypto Price Forecast World Cup 43: Inflation Bulls? Predict options

Bitcoin analysis header price forecast. It’s Monday again, so the crypto price forecast is never far away. Of course, we also analyze today the forecast for the Bitcoin price and prices of the top 25 crypto coins in the coming week. This is our crypto price forecast.

To make the crypto price forecast, we follow our trusted recipe

We first make a reality check based on our crypto price forecast from last week. We then look at the current state of affairs. Next, we map the fundamental factors that could affect the price in the coming week. Finally, we complete our crypto price forecast with technical trend analyses, oscillators and other information.

Bitcoin price in the past week

We started bullish last week. This, of course, had everything to do with the historic Tuesday, when the first Bitcoin ETF was listed on the NYSE. The week was to become even more historic as Bitcoin’s price continued to climb to a new Bitcoin price record. After this, however, a correction occurred. Bitcoin quickly fell from its all-time high. The best news at the end of the crypto week was that Louis Hamilton can now also take crypto lessons from Max Verstappen in addition to racing lessons.

The current Bitcoin price

The negative sentiment initially continued into the weekend. Only in the course of Sunday did we see any recovery. This recovery continues this morning. At the time of writing, the live Bitcoin price is trading at EUR 54,835.69 ($62,777.29). That’s 3.07% higher than yesterday at the same time, but even lower than last Friday’s Bitcoin luncheon.

With this, Bitcoin records a weekly result of + 2.35% and a monthly result of + 47.43%. This completes our expectation of a positive week for Bitcoin. Of course you can also follow all the results and the live Bitcoin price 24 hours a day on the website in the coming week.

The crypto price forecast for the Bitcoin price in week 43

To estimate the Bitcoin price for the coming week, we first look at the fundamental factors that can influence the Bitcoin price. We then try to color these further with the technical trend analyses, oscillators and the Elliott Wave Analysis.

Fundamental Analysis for Bitcoin in Week 43

On the macroeconomic calendar, we mainly focus on Thursday. The interest rate decision will then be announced in Europe. In America, figures on unemployment and growth figures for the third quarter will also be announced. These figures are important because analysts hope to infer expectations with regard to inflation and possible phasing out of Covid-19 support measures.

Next Friday is also interesting for the crypto market. On this last Friday of the month at 10 a.m. Dutch time, the monthly options for Bitcoin (BTC), Ethereum (ETH) and other crypto coins expire. The decline of these options can often be used to estimate the sentiment of large investors about future price developments.

On the crypto calendar we do not directly see agenda items that can influence the price of Bitcoin. We do, however, see the NFT NYC event listed on the calendar from 1 to 4 November. News of this event can of course influence the Bitcoin price.

Bitcoin Technical Analysis in Week 43

If we look at the technical trend analysis, we see a strong buy signal. The oscillators give a sell signal. When we zoom in on these analyzes for the coming week, we see that the signal turns into a buy signal during the course of today and remains a buy signal for the rest of the week.

The Fear and Greed index also decreases slightly from ‘extreme greedy’ to ‘greedy’. This is a good sign as we see the market not overheating but remaining bullish. Shiba inu prediction 2025 is positive. More gradual bullish growth will prolong the bull rally.

Historical analyzes point to price records

If we look at the historical analyzes of the Bitcoin, we see that the coin is still on the way to price records and possibly the $100,000 in the fourth quarter. For example, the Dutch analyst Michaël van de Poppe shows that the price is on its way towards $ 90,000. Analyst TechDev shows that the Bitcoin price is almost exactly in line with the price movement as we saw it in the fourth quarter of 2017 (the year after the penultimate halving).

The Elloitt Wave analysis shows a correction wave

This week’s Elliott Wave analysis shows a median of $65,000. We are in the third correction wave. Next we see the weekly analysis. with suppoWith rtlevels at $58,000, $55,000 and $53,000, there seems to be room for some price decline. However, bullish sentiments seem to be prevailing for now. Disappointing growth and inflation figures could give the market a boost again.

Our Bitcoin price forecast for week 43

The psychological limit of $ 65,000 will therefore remain important in the coming week. However, it seems very likely that the bullish sentiments are keeping the pressure to buy in the market. That is why we expect a (slightly) positive week for Bitcoin in the coming week.

The price of the top 25 crypto coins in the past week

Last week we initially saw that the top 25 cryptocurrencies were more mixed in terms of returns than the steady positive line of the Bitcoin price. However, this converged over the course of the week. Towards and after the Bitcoin price record, the Bitcoin and top 25 crypto coins moved more in correlation. This correlation continues this morning.

The current prices of the top 25 crypto coins

At the moment we see mainly positive prices for the top 25 crypto coins. There are some price drops, but Stellar Luna (XLM) leads the largest loss in 24 hours at -1.74%, so the damage seems to be manageable. However, there are more rising cryptocurrencies. The strongest price increase in 24 hours is for Solana (SOL), which records a result of + 6.53%.

We forecast a slightly positive week for the top 25 cryptocurrencies. That prediction has come true and in many cases was even too cautious. There were some losers, but here too the damage seems limited. Biggest loser was Stellar Lumen (XLM), which lost 1.49% in the week. There were, however, a number of significant increases, several of which were double-digit.

Shiba Inu (SHIB) also leads the ranking this week with a + of 41.85%. Also the best monthly result of the top 25 crypto coins is for Shiba Inu (SHIB) with a result of + 432.72%. On the site you can of course also view all results and live prices of the top 25 crypto coins in the coming week.

The crypto price forecast for the prices of the top 25 crypto coins in the coming week

To prepare the crypto price forecast, we naturally also look at the fundamental factors and technical analyzes for the top 25 crypto coins.

We will of course again note our regular fundamentals, such as the Twitter thumb or a conference visit from Elon Musk, the process between SEC and Ripple and fundamentals that we mentioned for Bitcoin. At Evergrande, developments appear to be more favorable now that an interest payment has been made and operations have resumed. cryptocurrency has enough information. We therefore assume that no (negative) influence is expected from that angle this week. Important for the price development is the Altair upgrade for the Ehtereum (ETH) Beacon Chain, which is listed before October 27. On October 31, the PoA2.0 Mainnet Upgrade is listed for VeChain (VET).

The technical analysis of the crypto price forecast in week 43

If we look at the technical analysis, we see that the technical trend analysis mainly shows strong buy signals. There are exceptions for InternetComputer (ICP) and Filecoin (FILE) which receive a strong sell signal. Cardano (ADA) is getting a regular sell signal.

The oscillators mainly give neutral signals. They do confirm the buy signals for BinanceCoin (BNB), Terra (LUNA), UniSwap (SWAP), Shiba Inu (SHIB), ChainLink (LINK) and Avalanche (AVAX). The sell signals based on the technical analysis are not confirmed. We expect another (slightly) positive week, partly in view of last week’s price movements and the increasing correlation with Bitcoin.

Do you want to invest but not (only) in crypto?

If you do want to invest, but do not only want crypto coins in your investment portfolio, you are probably also curious about the price expectations for other common investments, such as shares, options, bonds, commodities and FOREX? That’s good, because you can find this weekly in the weekly price forecast on our sister site