The cryptocurrency market re-emerged on Friday with Bitcoin hitting $21,000. In addition to Bitcoin, major coins such as Cardano, Ethereum, Solana and even memecoin Dogecoin posted gains this week.
Bitcoin price rises to $21,000
On Friday, BTC price managed to break above the strong resistance at $21,000. This is the level you haven’t met since August 26th.
Is Bitcoin a good investment in 2022? This question still needs to be answered. Although the price of Bitcoin has reached $21,000, it is still far from all-time highs.
As the cryptocurrency market in general is making positive moves, investor sentiment is more positive and Bitcoin price can continue to recover. With such a large market capitalization, investors are not going to make huge gains anytime soon.
Bitcoin Price Prediction 2025
Since the beginning of September, Bitcoin (BTC) has been trading restricted between $18,000 and $20,000. But the largest cryptocurrency made a sudden jump of 10% on Friday and broke the important resistance level at $21,000. As of the latest charts, it has added $1,500 in the last 24 hours and is trading at $21,505.
Bitcoin buyers adjust according to the interest rate decisions of major central banks. On Thursday, the European Central Bank raised interest rates by 0.75%, the largest increase since 1999.
The same increase is expected from the Federal Reserve during the Sept. 20-21 Foreign Trade Committee meeting. Federal Reserve Chairman Jerome Powell reiterated his hard-line stance in his recent speech to the Cato Institute.
Bitcoin price increase likely to be affected by CPI results
Investor sentiment is currently high on Bitcoin, but this is not expected to continue until next week. The US Consumer Price Index for August will be released on September 13. It is expected to fall to 8.1% from 8.5% in July.
Shouldn’t the drop in the CPI be supportive of Bitcoin (BTC)? not exactly. Inflation of 8.1% indicates that prices are still at a record high and this means that investors will continue to lean towards safe assets such as Treasuries over Bitcoin.
Analysts’ forecasts show that Bitcoin will fall back to the $20,000 level and possibly stabilize to $196 next week.
Hideaways (HDWY) Set to Offer 8000% Compared to Bitcoin
Is Bitcoin a good investment? We don’t think so. this is the reason Investors turn to The Hideaways (HDWY). Having just passed the Solidproof audit, The Hideaways is making huge waves in the crypto community.
Investors do not want to miss the opportunity of a project that appears to generate incredibly high monthly returns while the HDWY token is expected to gain 8000% by the end of 2022.
Real estate is probably one of the highest yielding and consistent investments one can make, and The Hideaways seizes an opportunity in this trillion dollar industry.
The new project offers segmented NFTs at as low as $100 backed by real property, giving owners a chance to earn money with their monthly rental income.
Token holders also have voting power to choose which properties to buy, which means that the interest of the majority is given priority. You may want to invest your money in a project that gives importance to democratization.
Hideout (HDWY) 2022 is expected to end with a gain of 900% compared to Bitcoin’s year-end prediction of $25,000 which is nearly $4,000 from its current level.
This crypto project can make you a millionaire if you invest now with a pre-sale price of $0.01. You don’t want to miss your chance.
For more information about the project, check them out:
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