Will bitcoin price prediction be bullish?

During the US session, Bitcoin bounced off the $16,750 support level, keeping Bitcoin price prediction bullish. If the candles close below $16,930, BTC may experience a bullish trend, and a bullish breakout of the $16,950 level may expose BTC to further highs.

What is Bitcoin (BTC)?

BTC definition: What is Bitcoin? Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.

Why did Bitcoin (BTC-USD) skyrocket in 2021?

Bitcoin ( BTC-USD) skyrocketed as part of the broader boom in speculative assets late this last winter and early in the spring. The price of one BTC quickly rose from around $30,000 at the start of 2021 to over $60,000 on the back of increased public interest and institutional adoption.

What is a bitcoin Satoshi?

Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Each individual coin represents the value of Bitcoin’s current price, but you can also own partial shares of each coin. The smallest denomination of each Bitcoin is called a Satoshi, sharing its name with Bitcoin’s creator.