Trader Union experts published a Bitcoin (BTC) price prediction
When researching the cryptocurrency market, Traders Union analysts study the factors (technical and fundamental) that will affect Bitcoin price performance. Based on the information obtained, the TU experts make a weekly BTC price prediction. You can find it in the Analytics section of the official TU portal. The section also contains the online price chart of the first cryptocurrency and the information that will help you predict the future Bitcoin price on your own.
Bitcoin Price Prediction – Why Do We Need It?
Traders Union creates the Bitcoin price prediction so that users can see the history of the price changes and its outlook. This allows traders to improve their own trading strategy and trade with lower risk.
Key Benefits of Studying the Bitcoin Price Predictions from Traders Union:
- the price predictions are prepared by experienced professionals: experts with many years of experience and financial analysts;
- the price forecasts are stored for at least 12 months after publication on the platform, which gives users access to view historical data and draw informed conclusions;
- the price predictions are based on various factors: events of a political and economic nature, important economic news, etc.;
- in addition to the price predictions, you can see an interactive Bitcoin price chart and receive the latest information about the price of the first cryptocurrency.
Why do you need to monitor the BTC price chart in real-time mode?
The interactive Bitcoin price chart consists of many time frames. Using it, it is easier for traders to analyze how the price of crypto assets changed over a certain period of time and what affected the price. This helps predict future dynamics and determine price growth or decline in advance.
The interactive chart is regularly updated online, so you always have access to the latest data.
What does the BTC price depend on?
Various factors affect the price of Bitcoin, including the following:
- price movement of other cryptocurrencies. For example, if according to the Shiba inu (SHIB) price prediction, a price drop is expected, it is possible that it may also affect Bitcoin. Base cryptoassets are interdependent;
- the use of the blockchain and its structuring. The price of the first cryptocurrency is affected by the number of mined coins (the emission is 21 million), and also future mining opportunities;
- the activity of mass media and the stability of the cryptocurrency community;
- important statements by CEOs of major companies in relation to the use of the first cryptocurrency in the financial sector and other sectors;
- Bitcoin regulation, political events aimed at the introduction of the first cryptocurrency in the economies of developed countries.
Best Brokers and Exchanges to Trade Bitcoin by Traders Union
Financial analysts at Traders Union have analyzed Bitcoin trading conditions on various cryptocurrency exchanges and Forex brokers. Based on the results of the analysis, the following companies offer the most interesting opportunities for trading BTC:
- RoboForex is an international brokerage company that has been in the market for quite some time. The broker maintains an open and transparent policy. Thanks to the low entry threshold ($10), even beginners can work with this broker. Traders can use leverage to trade Bitcoin on the platform.
- City bit is a popular cryptocurrency exchange that attracts traders with bonus programs and wide earning opportunities. The exchange is suitable both for active users who practice independent Bitcoin trading and for passive investors, who earn their income by betting. BTC exchange, P2P and spot trading are available on the platform.
Summary
You can always find the latest expert material on the official portal of the Traders Union. TU analysts publish the latest Bitcoin price predictions weekly to help users save time on independent analysis and learn in which direction the price of the first cryptocurrency is expected to move. Traders Union is a reliable assistant for traders who need qualified support and expert help to make money in the financial markets.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.
