{"id":605001,"date":"2024-11-27T12:03:49","date_gmt":"2024-11-27T12:03:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605001"},"modified":"2024-11-27T12:03:49","modified_gmt":"2024-11-27T12:03:49","slug":"bitcoin-price-prediction-as-jim-cramer-says-btc-deserves-a-portfolio-spot-experts-say-consider-this-crypto-wallet-for-10x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-jim-cramer-says-btc-deserves-a-portfolio-spot-experts-say-consider-this-crypto-wallet-for-10x-gains","title":{"rendered":"Bitcoin Price Prediction: As Jim Cramer Says BTC Deserves A Portfolio Spot, Experts Say Consider This Crypto Wallet For 10X Gains"},"content":{"rendered":"

The Bitcoin price edged up by a fraction of a percent in the last 24 hours to trade at $93,438 as of 02:36 a.m. EST on trading volume that plunged 31% to $82 billion.<\/span><\/p>\n

This comes as CNBC market commentator Jim Cramer says that cryptocurrencies, especially BTC, should have a place in every investor’s portfolio.<\/span><\/p>\n

BTC fell 2% after the comments, but has since recovered slightly, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

Bitcoin Price Gearing Up Towards A Bullish Trend Reversal<\/h2>\n

The BTC\/USD chart analysis shows a consistent upward movement over the past few weeks, as <\/span>the Bitcoin price<\/span><\/a> is forming higher highs and higher lows, within the rising channel pattern.<\/span><\/p>\n

BTC has recently breached the lower boundary of the rising channel, which suggests that the price of Bitcoin is currently on a correction. The slight correction has forced BTC to trade below the 50-day Simple Moving Average (SMA). However, BTC price still trades well above the 200-day SMA, which is an indication that the Bitcoin price may still soar.<\/span><\/p>\n

The RSI has cooled off significantly from overbought levels and is now near the midline (50), currently at 44. This indicates reduced bullish momentum and signals consolidation or the possibility of a minor pullback.<\/span><\/p>\n

The Stochastic RSI 14 3 3 is oversold but starting to cross back upwards, indicating the potential for a bounce. This suggests a short-term recovery could be imminent if confirmed by price action.<\/span><\/p>\n

If the current trend continues, the price of Bitcoin could plunge further down to the 200-day SMA, around $81,500.<\/span><\/p>\n

\"Bitcoin
BTCUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

However, if the bulls pick up momentum at this level to push the Bitcoin price through a sustained bullish trend reversal, BTC could soar, as the bulls target $100,000.<\/span><\/p>\n

Meanwhile, investors who are looking for diversification opportunities might consider the newly launched<\/span> Best Wallet (BEST)<\/span><\/a> presale, which YouTuber Cilinix Crypto, with over 77K subscribers, highlights as a crypto with real utility.<\/span><\/p>\n