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Wrapped Bitcoin Price Prediction — Will WBTC Hit $60K Soon?

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Wrapped Bitcoin Price Prediction — Will Wbtc Hit $60K Soon?
  • Bullish WBTC price prediction is $21,030 to $52,370.
  • WBTC price will also reach $60K soon.
  • WBTC bearish market price prediction for 2022 is $12,871.

In Wrapped Bitcoin (WBTC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about WBTC to analyze the future movement of the cryptocurrency. 

WBTC Current Market Status

According to coingecko, the price of WBTC is $22,900.32 with a 24-hour trading volume of $383,542,233 at the time of writing. However, WBTC has increased to 6.7% in the last 24 hours.

Moreover, WBTC has a circulating supply of 236,710 WBTC. Currently, WBTC trades in cryptocurrency exchanges such as Binance, OKX, Bybit, FTX, and Bitget.

What is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin is an ERC20 token representing Bitcoin on the Ethereum blockchain. There is a 1:1 ratio of Bitcoin behind every WBTC. Wrapping Bitcoin can transfer Bitcoin faster on the Ethereum blockchain and opens up the possibility of using BTC on Ethereum. ecosystem.

Wrapped Bitcoin (WBTC) Price Prediction 2022

Wrapped Bitcoin holds the 18th position on CoinGecko right now. WBTC price prediction 2022 explained below with a daily time frame.

WBTC/USDT Ascending Channel Trend Pattern (Source: Tradingview)

The above WBTC daily chart laid out an ascending channel pattern , also known as the rising channel. The upper and lower trendlines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, WBTC is at $22,844.82. If the pattern continues, the price of WBTC might reach the resistance level to $32,340. If the trend reverses, then the price of WBTC may fall to $17,750.

Wrapped Bitcoin (WBTC) Support and Resistance Level

The below chart shows the support and resistance level of WBTC.

1659027428 693 Wrapped Bitcoin Price Prediction — Will Wbtc Hit 60K Soon
WBTC/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of WBTC.

  • Resistance Level 1 – $23,554.102
  • Resistance Level 2 – $31,827.3523
  • Resistance Level 3 – $41,510.1215
  • Resistance Level 4 – $52,370.6919
  • Support Level 1 – $17,664.4560
  • Support Level 2 – $12,871.7428

The charts show that WBTC has performed a bullish trend over the past month. If this trend continues, WBTC might run along with the bulls overtaking its resistance level at $52,370.6919.

Accordingly, if the investors turn against the crypto, the price of the WBTC might plummet to almost $12,871.7428, a bearish signal.

Wrapped Bitcoin Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of WBTC is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of WBTC lies above the cutoff line, indicating stronger participants in the current trend.

More so, the WBTC’s Moving Average (MA) is shown in the chart above. Currently, WBTC is in a bearish state. Notably, the WBTC price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of WBTC at any time.

Meanwhile, the relative strength index (RSI) of the WBTC is at level 49.54. This means that WBTC is in a nearly oversold state. However, this gives confidence for the traders to trade without any fear.

Wrapped Bitcoin Price Prediction 2022 — ADX, RVI

Let us now look at Wrapped Bitcoin’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System. This system attempts to measure the strength of price movement in the upward and downward directions using DMI indicators with ADX.

The above chart represents the ADX of Wrapped Bitcoin. Currently, WBTC lies in the range at 15.433, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of WBTC. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of WBTC is below the 50 level, indicating that the direction of volatility is low. In fact, WBTC’s RSI is at the 49.54 level thus confirming a potential sell signal.

Comparison of WBTC with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and Wrapped Bitcoin.

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BTC Vs ETH Vs WBTC Price Comparison (Source: TradingView)

From the above chart, we can interpret ETH, BTC, and WBTC are moving in a similar trend but with slight differences. This indicates that when the price of BTC increases or decreases, the price of ETH and WBTC also increase or decrease respectively.

Wrapped Bitcoin (WBTC) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Wrapped Bitcoin (WBTC) might probably attain $65K by 2023.

Wrapped Bitcoin (WBTC) Price Prediction 2024

With several upgrades in the network, Wrapped Bitcoin (WBTC) might enter a bullish trajectory. If the coin grabs the attention of major investors, WBTC might rally to hit $72K by 2024. 

Wrapped Bitcoin (WBTC) Price Prediction 2025

If Wrapped Bitcoin (WBTC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, WBTC would rally to hit $85K.  

Wrapped Bitcoin (WBTC) Price Prediction 2026

If Wrapped Bitcoin (WBTC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, WBTC would rally to hit $100K. 

Wrapped Bitcoin (WBTC) Price Prediction 2027

If Wrapped Bitcoin (WBTC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, WBTC would rally to hit $135K. 

Wrapped Bitcoin (WBTC) Price Prediction 2028

If Wrapped Bitcoin (WBTC) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, WBTC would hit $150K.

Wrapped Bitcoin (WBTC) Price Prediction 2029

If investors flock in and continue to place their bets on Wrapped Bitcoin (WBTC), it would witness major spikes. WBTC might hit $175K by 2029.

Wrapped Bitcoin (WBTC) Price Prediction 2030

With greater advancements in the Wrapped Bitcoin ecosystem, the crypto community might continue to invest in Wrapped Bitcoin (WBTC) for the next 8 years and drive significant price rallies for the token. Hence, Wrapped Bitcoin (WBTC) might hit $200K by 2030.

Conclusion

With continuous improvements in the Wrapped Bitcoin network, we can say that 2022 is a good year for WBTC. For this reason, the bullish price prediction of Wrapped Bitcoin in 2022 is $52,370. On the other hand,  the bearish WBTC price prediction for 2022 is $12,871.

Furthermore, with the advancements and upgrades on the WBTC ecosystem, the performance of WBTC would rise reaching $50K very soon. But, it might also reach $60K if the investors believe that WBTC is a good investment in 2022.

FAQ

1. What is a Wrapped Bitcoin?

Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin that runs on the Ethereum blockchain.

2. Where can you purchase WBTC?

WBTC has listed on many crypto exchanges which include Binance, OKX, Bybit, FTX, and Bitget.

3. Will WBTC reach a new ATH soon?

With the ongoing developments and upgrades within the WBTC platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Wrapped Bitcoin?

On Nov 10, 2021, WBTC reached its new all-time high (ATH) of $70,643.40.

5. Is WBTC a good investment in 2022?

Wrapped Bitcoin seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of WBTC in the past few months, WBTC is considered a good investment in 2022.

6. Can Wrapped Bitcoin (WBTC) reach $60K?

Wrapped Bitcoin (WBTC) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Wrapped Bitcoin (WBTC) will hit $60K soon.

7. What will be the WBTC price by 2023?

Wrapped Bitcoin (WBTC) price is expected to reach $65K by 2023.

8. What will be the WBTC price by 2024?

Wrapped Bitcoin (WBTC) price is expected to reach $72K by 2024.

9. What will be the WBTC price by 2025?

Wrapped Bitcoin (WBTC) price is expected to reach $85K by 2025.

10. What will be the WBTC price by 2026?

Wrapped Bitcoin (WBTC) price is expected to reach $100K by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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TA- Alien Worlds (TLM) Set For A Major Rally As Market Looks Promising

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Ta- Alien Worlds (Tlm) Set For A Major Rally As Market Looks Promising

The price of Alien Worlds (TLM) has struggled to break out of a range recently with few bullish signs against Tether (USDT). 

Alien worlds could be set for a major rally after narrowly holding above key support as other crypto assets continue to trend higher.

Alien Worlds (TLM) Price Analysis On The Weekly Chart

Weekly Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com

From the chart, the price of TLM saw a weekly low of $0.02, which bounced from that area and rallied to a price of $0.0313.

The price has struggled to build more momentum as it faces resistance at $0.031.

If the price of TLM on the weekly chart continues with this structure, it could quickly revisit  $0.02 acting as a good support area for buy bids.

Weekly resistance for the price of TLM – $0.0313.

Weekly support for the price of TLM – $0.02.

Price Analysis Of Alien Worlds On The Daily (1D) Chart

1660596725 742 Ta Alien Worlds Tlm Set For A Major Rally As
Daily Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com

The price of TLM found strong support at $0.021, with what seems to be an area of interest on the daily chart.

TLM bounced from its support and has rallied as it faces resistance at $0.032. The price of TLM has continued to range in a channel, breaking out of this channel could send the price of TLM to $0.04 where it will face a major resistance before trending higher in price.

At the point of writing, the price of TLM is at $0.032, above the 50 Exponential Moving Average (EMA) which corresponds to $0.03. TLM holding above the 50 EMA on a high timeframe is good for market recovery and for price to trend higher.

TLM needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of TLM to $0.022

The Relative Strength Index (RSI) for the price of TLM on the daily chart is above 50, indicating healthy buy bids for TLM.

Daily (1D) resistance for TLM price – $0.032, 0.04.

Daily (1D) support for TLM price – $0.022.

Price Analysis OF TLM On The Four-Hourly (4H) Chart

1660596725 6 Ta Alien Worlds Tlm Set For A Major Rally As
Four-Hourly Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com

The price of TLM is having a hard time breaking out the ranging channel, where it faces resistance at $0.032. 

On the low timeframe, the price of TLM has remained strong above the 50 and 200 EMA which corresponds to the prices of $0.032 and $0.03 acting as support for TLM prices. 

If TLM fails to hold these supports due to a sell-off we could see the price of TLM in the region of $0.25.

Four-Hourly (4H) resistance for TLM price – $0.4.

Four-Hourly (4H) support for TLM price – $0.032, $0.03.

Featured image from BeInCrypto, Charts from TradingView.com 
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Singapore High Court Grants Zipmex 3 Months of Protection

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Singapore High Court Grants Zipmex 3 Months Of Protection