{"id":457141,"date":"2023-11-14T16:25:38","date_gmt":"2023-11-14T16:25:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=457141"},"modified":"2023-11-14T17:24:34","modified_gmt":"2023-11-14T17:24:34","slug":"btc-price-prediction-analyst-says-btc-headed-for-111k-as-this-spot-bitcoin-etf-play-bursts-past-500k-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-price-prediction-analyst-says-btc-headed-for-111k-as-this-spot-bitcoin-etf-play-bursts-past-500k-in-presale","title":{"rendered":"Bitcoin Price Prediction: Analyst Says BTC Headed For $111K As This Spot Bitcoin ETF Play Bursts Past $500K In Presale"},"content":{"rendered":"

The Bitcoin price saw a 2% dip in the last 24 hours, trading at $36,260<\/a> as of 11:20 am EST<\/p>\n

Bitcoin Price: Technical Analysis<\/h3>\n

It was rejected from a resistance at $37.3k. Since the drop, the price has slightly recovered, only to hit another resistance as it attempted to surge back up.<\/p>\n

\"BTC<\/p>\n

Bitcoin has seen another massive increase in the last seven days, going from $34.8k to a new yearly high of $37,888 late last week. The surge was relatively rapid, although it came in three separate waves.<\/p>\n

The first one was on November 7, which allowed Bitcoin to finally break a resistance at $35,000, which kept it from moving forward for some time.<\/p>\n

BTC then encountered its next resistance at $37k on November 9, but it managed to move beyond it later on the same day and reach its yearly high.<\/p>\n

After that, the price corrected to $36k, only to bounce back to $37.2k. This level has been a strong resistance, and BTC has been trying to surpass it since November 10.<\/p>\n

Over the weekend, the coin was trading sideways, but on Monday, it saw a dip that took it back to $36,240.<\/p>\n

From there, it managed to bounce back up to $36.8k, only to start another drop, which took it to its current price of $36,553, where it sits at the time of writing. However, its trading volume in the last 24 hours is still 40% higher than yesterday, indicating strong market activity.<\/p>\n

Where Is Bitcoin Price Going From Here?<\/h2>\n

Despite the recent dip in the last 24 hours, Bitcoin has seen bullish, solid activity in the past week.<\/p>\n

This has prompted some respected analysts and experts to provide new predictions. Among them is Benjamin Cowen, a closely followed analyst who offered his predictions for Bitcoin in late 2025.<\/p>\n