China News Daily TheBitTimes.com

The Bitcoin Rainbow Chart is projecting that the maiden digital currency could trade within a broad band between $36,596 and $409,412 by September 30, 2025. The outlook comes as Bitcoin (BTC) faces bearish sentiment after slipping below the $110,000 support zone, sparking concerns it could retest the $100,000 level. At press time, Bitcoin was trading at $108,400, down 0.3% in the past 24 hours and 1.7% over the week. Bitcoin seven-day price chart. Source: Finbold Notably, the Rainbow Chart utilizes logarithmic regression to map Bitcoin’s historical performance into color-coded bands, each representing a distinct sentiment phase. Bitcoin price prediction for September 30 At current prices, Bitcoin sits at the lower boundary of the ‘HODL!’ zone, which spans $108,379 to $142,415. This suggests that if Bitcoin holds steady or trends slightly higher, it is likely to remain in the band through the end of September.  Historically, this zone reflects fair value...

Gold prices are hitting the top of the charts every month in 2024, printing new all-time highs. The XAU/USD index, which tracks the performance of gold, shows the precious metal trading at the $2,640 mark. It is close to its ATH of $2,685 and is gearing up to climb above the $2,700 mark. The bullish sentiments remain intact; another leg-up could push it towards the $2,700 price range. On the heels of the positive sentiments, leading investment bank Goldman Sachs has revised its price prediction for gold. Also Read: VeChain (VET) Mid-October 2024 Price Prediction Goldman Sachs is bullish on gold and estimates it could keep hitting new all-time highs by the end of 2024. The investment bank has provided a fresh forecast for 2025 and is now taking an entry position, which could be profitable in the next couple of months. This article will highlight how high gold prices could reach next year in 2025. Also Read: Malaysia’s Local Currency Ringgit Outperforms the US Dollar Goldman Sachs Predic...