![]() Source: TradingViewĬonsidering Bitcoin’s relative affordability, the current valuations present an attractive opportunity for accumulation in anticipation of a potential price rally.ĭisclaimer: The content on this site should not be considered investment advice. Oscillators, on the other hand, are categorized as ‘neutral’ with a rating of 8. A summary of the indicators retrieved from TradingView aligns with a ‘sell’ rating at 11, which corresponds with a similar sentiment seen in moving averages, also rated at 9. Inversely, NGN 1.00 NGN would allow you to trade for 0.00000003 BTC while NGN 50.00 NGN would convert to 0. In other words, to buy 5 Bitcoin, it would cost you NGN 174,210,672.76 NGN. The current value of 1 BTC is NGN 34,842,134.55 NGN. Source: Finboldīitcoin’s one-day technical analysis indicates a prevailing bearish sentiment. The exchange rate of Bitcoin is increasing. Looking at the weekly chart, Bitcoin has seen an increase of about 0.13%, emphasizing the asset’s recent consolidation. Bitcoin price analysisīy press time, Bitcoin was valued at $26,586, showing daily gains of approximately 0.1%. Currently, market attention is fixated on Bitcoin’s forthcoming trajectory, with some analysts speculating that the pioneering cryptocurrency has the potential to surge to heights as remarkable as $130,000 by 2025. The recent price dip below the $30,000 mark provides small-scale investors with a window of opportunity to fulfill their aspiration of owning at least 1 BTC.ĭespite Bitcoin’s price volatility, this approach underscores how consistent investments can hedge against risk and yield significant long-term rewards. Notably, Bitcoin has endured a bear market for the past two years as it strives to rediscover its 2021 peak values. ![]() It is worth noting that, over the past year, Bitcoin’s price has experienced its usual fluctuations, but the strategy of consistent daily investments would ensure one accumulated more Bitcoin when prices were lower and less when prices were higher, a practice commonly referred to as “dollar-cost averaging.” Meanwhile, it is key to highlight that past Bitcoin performances do not reflect future trends. Source: CoinMarketCap Bitcoin’s performance over the past year Over the course of a year, investing this amount daily sums up to $27,495, considering that the maiden crypto is currently valued at $26,578. Therefore, the question that beckons is, with the current price of Bitcoin, how much would you need to own one unit of BTC today? In this line, data acquired by Finbold from the Dollar Cost Averaging Bitcoin platform indicates that if you had started investing $70 daily in Bitcoin precisely one year ago, on September 24, 2022, you would now own one full Bitcoin.
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