VanEck Predicts Bitcoin Price of $2.9 Million by 2050
- Long-Term Price Prediction: A senior VanEck analyst forecasts Bitcoin could reach $2.9 million by 2050, based on a 15% annual growth rate, indicating its increasing significance in global finance.
- Global Trade Role: The analyst noted that Bitcoin could handle between 5% and 10% of global trade by 2050, suggesting that its wider adoption as a settlement asset will significantly enhance its strategic value.
- Central Bank Participation: Central banks are expected to allocate approximately 2.5% of their reserves to Bitcoin, reflecting growing recognition of its role as a monetary hedge, which could further drive its price upward.
- Market Liquidity Impact: Bitcoin's short-term price movements will continue to follow shifts in global liquidity and market leverage, while its long-term value is increasingly tied to flaws in sovereign debt systems, highlighting its emerging role as a durable hedge.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36099.581 | 48049.791 | 60369.601 | 72319.811 | 84639.621 | 96589.831 | 108909.641 |
| Fibonacci | 48049.791 | 57320.938 | 63048.663 | 72319.811 | 81590.958 | 87318.683 | 96589.831 |
About BTC
About the author








