• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 28, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Bitcoin Price Prediction – BTC in Recovery After Bloodbath

Kyle Portman by Kyle Portman
May 10, 2022
in News
Reading Time: 4 mins read
0
Economical stock market graph
19
SHARES
Share on TwitterShare on Facebook

One of the most common questions about Bitcoin’s price is whether or not this is the bottom for cryptocurrency and if this is a good time to buy the dip. According to Wall Street analysts, the Cboe Volatility Index (VIX) fear gauge signals that the bottom may not be so near. Since Bitcoin has been closely following the stock market action, especially NASDAQ, BTC could dip below the $30k levels once again. However, after the bloodbath last night, Bitcoin is seeing significant support levels keeping the cryptocurrency above water.

The good news is that things are looking better today. Let’s look at any relevant news and make a prediction for Bitcoin price moving forward.

Biden Speech Addresses Inflation

One of the primary reasons for the recent price drop for Bitcoin and stock markets is the rising inflation rates and the Fed increasing interest rates at unprecedented levels.

President Biden delivered remarks regarding the current financial situation in the United States, stating that inflation is his top domestic priority.

President Biden said:

“I want every American to know that I’m taking inflation very seriously and it’s my top domestic priority, and I’m here today to talk about solutions.”

When it comes to tackling inflation, Biden said he plans to lower everyday costs for hardworking Americans and lower the deficit by asking large corporations and the wealthiest Americans to not engage in price gouging and to pay their fair share in taxes.

Biden criticized the Republican plan to increase taxes on middle-class families and let billionaires and large companies off the hook as they raise prices and reap profits in record numbers.

While criticizing other policies is a political move by the president, the good news is that inflation is Biden’s primary priority, and hopefully, we will the economy start its return to normal.

In related news, tomorrow, May 11th, Consumer Price Index numbers are scheduled to come out, which should clarify whether inflation is slowing down. For those not familiar with CPI numbers, they are a measure of the average change over time in the prices of consumer goods. Increased CPI numbers mean increased inflation and vice versa.

Australia Adds Bitcoin ETF

In international news, Australia is set to add cryptocurrency ETFs on May 12th, enabling access to millions of users to start investing in crypto. The crypto ETFs include a Bitcoin spot and Ethereum options, which could signal tremendous buy volume for cryptocurrency markets as Australians rush to buy assets at such a low price.

The upcoming ETFs will attract a significant amount of investors to cryptocurrency and open up the doors to billions in funds that could flow as buy volume to Bitcoin and Ethereum.

Since most altcoins follow BTC and ETH price movements, this could cause a cascade effect of bullish recovery for the overall crypto market capitalization.

Bitcoin Price Prediction

After a bloodbath on Monday, the markets are looking relatively healthy, potentially signaling a reversal coming soon. Whales continue to accumulate Bitcoin, and holders are stronger than ever, even after BTC hit a low of $29k.

In addition, the long-term outlook on Bitcoin, Ethereum, XRP, and other cryptocurrencies is exceptionally bullish, with many analysts claiming Bitcoin price could easily surpass $100k in a few years.

If the United States can curb inflation and reboot its economy, Bitcoin could recover extremely fast and see significant price growth this summer. However, if inflation continues and the market heads into a recession with stock prices continuing their bearish momentum, the new norm for Bitcoin could be the $20-$30k level.

Overall the best strategy right now is to HODL & DCA (Dollar-Cost Average) and take advantage of the low prices that we will likely not see for many more months.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.


Also Read:

Top 3 Metaverse Crypto Coins Below $1 to HODL & DCA in May 2022

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

Image Source: hywards/123RF

Tags: bitcoin
Previous Post

Top 3 Metaverse Crypto Coins Below $1 to HODL & DCA in May 2022

Next Post

Why Is Terra Luna and UST Price Dropping? What’s Really Going On?

Related Posts

Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier