The crypto market hit back on Friday as the Bitcoin price hit $21,000. In addition to Bitcoin, major currencies such as Cardano, Ethereum, Solana and even memecoin Dogecoin all recorded gains this week.
Bitcoin Price Increases to $21,000
On Friday, BTC’s price managed to break past the hard resistance level found at $21,000. This is a level it did not meet since August 26.
Is Bitcoin a good investment in 2022? That question remains to be answered. Despite the Bitcoin price hitting $21,000 it is still way off its all time high.
With the overall crypto market making positive movements, investors sentiment is more positive and the Bitcoin price could continue its recovery. With such a large market cap, investors won’t be making huge gains any time soon though.
Bitcoin Price Prediction 2025
Since the beginning of September, Bitcoin (BTC) traded restrictedly between $18,000 and $20,000. But the biggest cryptocurrency made a surprise 10% jump on Friday and broke an important resistance level at $21,000. As of the latest charts, it added $1,500 in the last 24 hours and is trading at $21,505.
Bitcoin buyers are adjusting according to the interest rate decisions of major central banks. On Thursday, the European Central Bank increases rates by 0.75%, its biggest hike since 1999.
The same increase is expected from the Federal Reserve during its FMOC meeting on September 20 to 21. Fed Chair Jerome Powell reiterated his hawkish stance in his latest speech to Cato Institute.
Bitcoin Price Hike Will Likely Get 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 forecasted to fall to 8.1% from 8.5% in July.
Shouldn’t a fall in CPI be supportive of Bitcoin (BTC)? Not quite. An 8.1% inflation suggests prices remain at a record high and this means investors will continue leaning to safe-haven assets like treasury bonds over Bitcoin.
Analyst forecasts show BTC will fall back to the $20,000 level and possibly settle to $20,196 next week.
The Hideaways (HDWY) Set To Deliver 8,000% Compared to Bitcoin
Is Bitcoin a good investment? We don’t think so. This is why investors are turning to The Hideaways (HDWY). Having just passed its Solidproof audit, The Hideaways is making huge waves in the crypto community.
Investors don’t want to miss out on a project that looks set to deliver incredibly high monthly yields whilst 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 steady investments one could make, and The Hideaways is taking a chance in this trillion-dollar industry.
The new project offers fractionalized NFTs for as low as $100 that are backed by real-world properties, giving owners a chance to make money through monthly rental income.
Token holders also have voting power to choose which properties will be purchased, meaning the majority’s best interest is prioritized. You would want to invest your money in a project that gives importance to democratization.
The Hideaways (HDWY) is expected to end 2022 with a 9,000% gain compared to Bitcoin’s year-end prediction of $25,000 which is roughly $4,000 from its current level.
This crypto project can make you a multi-millionaire if you invest now it’s offered at a presale price of $0.01. You don’t want to miss your chance.
For more information about the project, check them out:
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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