Bitcoin Rally to $21,000 in Market Rally. Should you invest?
The crypto market bounced back on Friday as the Bitcoin price hit $21,000. In addition to Bitcoin, major currencies such as Cardano, Ethereum, Solana and even the memecoin Dogecoin have recorded gains this week.
Bitcoin price increases to $21,000
On Friday, BTC’s price managed to break past the hard resistance level of $21,000, a level it has not reached since August 26.
Is Bitcoin a good investment in 2022? That question remains to be answered. Despite Bitcoin price reaching $21,000, it is still far from its all time high.
With the overall crypto market making positive moves, investor sentiment is more positive and the Bitcoin price may continue its recovery. However, with such a large market cap, investors won’t be making big gains right away.
Bitcoin price prediction 2025
Since the beginning of September, Bitcoin (BTC) has traded limited between $18,000 and $20,000. But the largest cryptocurrency made a surprise jump of 10% on Friday and broke a key resistance level of $21,000. From 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 increases interest rates by 0.75 percent, the biggest increase since 1999.
The same increase is expected from the Federal Reserve during its FMOC meeting on September 20-21. Fed Chair Jerome Powell reiterated his hawkish stance in his latest speech to the Cato Institute.
Bitcoin price rise likely to be hit by CPI results
Investor sentiment is currently high on Bitcoin, but this is not expected to last until next week. The US consumer price index for August will be released on September 13. It is forecast to fall to 8.1% from 8.5% in July.
Shouldn’t a fall in CPI support Bitcoin (BTC)? Not completely. Inflation at 8.1% suggests prices remain at record highs, meaning investors will continue to lean towards safe assets like government bonds over Bitcoin.
Analyst forecasts show that BTC will fall back to the $20,000 level and possibly settle at $20,196 next week.
The Hideaways (HDWY) set to deliver 8000% compared to Bitcoin
Is Bitcoin a good investment? We don’t think so. That is why investors turn to The Hideaways (HDWY). After passing the Solidproof audit, The Hideaways are making huge waves in the crypto community.
Investors will not want to miss out on a project that looks set to deliver incredibly high monthly returns, while the HDWY token is expected to deliver 8,000% gains by the end of 2022.
Real estate is possibly one of the highest yielding and consistent investments one can make, and The Hideaways is taking a chance on this trillion dollar industry.
The new project offers fractional NFTs for as little as $100 that are backed by real estate, giving owners a chance to earn money through monthly rental income.
Token holders also have the right to vote to choose which properties to buy, meaning that the best interests of the majority are prioritized. You want to invest your money in a project that emphasizes democratization.
Hideaways (HDWY) is expected to end 2022 with a gain of 9,000% compared to Bitcoin’s year-end of $25,000, which is about $4,000 from today’s level.
This crypto project can make you a multi-millionaire if you invest now, it is offered at a pre-sale price of $0.01. You don’t want to miss your chance.
For more information on the project, check them out:
Website:
Advance sales: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter:
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