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Other factors such as market sentiment, regulatory developments, and global events can also impact the price of Bitcoin. While this is a Bitcoin price prediction based on technicals, please do your own research and trade based on your own knowledge and ability. Circulation Supply. Moving Average On the weekly time frame, Bitcoin is currently trending bullish with the 50 day moving average currently sloping up and below the current Bitcoin price, which could act as a support the next time it interacts with it.
