Learn Cryptocurrency
22 Feb 2022

Popular Bitcoin Price Prediction Resources in 2022

Devansh Sinhal

Cryptocurrencies are volatile—every seasoned investor or trader knows that. Investing in fundamentally strong coins is a really good long-term strategy to maximize returns. But what about the short term? Can’t gains be made there?

This article will answer that question. We are here to introduce you to some of the best price prediction resources you can access on the web, and to tell you how you can use them to your advantage!

Key Takeaways

  • Bitcoin price prediction sites are resources to help you invest in Bitcoin profitably.
  • FXStreet, an acclaimed prediction site, offers reports and structured analyses on crypto trends and Bitcoin prices.
  • TradingView, another popular platform, caters to almost every single cryptocurrency out there, and provides users access to stock charts, and F&O and Forex charts.
  • CoinMarketCap is probably the credible website out there for information on coin prices, their stats, and their market ranking.
  • While these websites provide users with tools to make better investments, they shouldn’t be trusted blindly. Due diligence is advised.

What Are Bitcoin Price Prediction Sites/Apps?

Bitcoin price prediction websites and apps are resources to help you invest in Bitcoin profitably. The content is compiled by experts who usually have years of market experience. While fundamental factors do play a role in their calculations, day-to-day predictions are based on market aspects, such as trading volumes, news, and moving averages.

We strongly advocate the use of reliable sources of information for your research while buying cryptocurrencies. But the following websites are a good starting point. You can convert BTC to INR at the best rate here.

Each of them has its own unique functionalities and will serve different aspects of your Bitcoin price prediction research.

Top Websites for Bitcoin Price Prediction

  • FXStreet
  • TradingView
  • CoinMarketCap

Bitcoin Price Prediction

FXStreet

FXStreet is one of the most acclaimed prediction sites out there. It generates detailed and regular reports and structured analyses on cryptocurrency trends and Bitcoin prices. Investors following this website can not only access the latest insights on the crypto market, but also understand the structure behind predictions.

Analysts at FXStreet use technical indicators and market sentiments to analyze the short-term movements of major cryptocurrencies like Ethereum and Bitcoin. Investors may use those insights to restructure their holdings according to predicted trends, to improve their chances of getting higher returns in the short term.

However, FXStreet, just like any tool, should only be used like one. Investors should not blindly trust these predictions and adjust their capital. DYOR is paramount, and so is being cognizant of your risk appetite. But more on that later.

TradingView

TradingView is a very popular platform for technical analysts. Not only does it cater to almost every single cryptocurrency out there, but it also provides users access to stock charts, and Futures & Options, and Forex charts.

And that’s not all. It is simple and intuitive to use, making it the go-to platform for beginners and amateurs. All charts on TradingView are updated in real-time, which makes analysis a much more productive experience. It is also a very inclusive platform, which means that you can connect with other traders and analysts, and share ideas with them seamlessly.

Here’s the biggest advantage. If there’s a charting indicator you want to try out that you can’t find anywhere else, there’s a good chance you’ll find it on this app. The platform has hundreds of pre-built tools provided to users for in-depth market analysis. What’s more, you also have the option of creating your own signals and studies!

Most beginners starting out in the crypto market can make do with the free version itself. However, for more advanced analysts, it also offers exclusive features in a paid membership model.

CoinMarketCap

CoinMarketCap, arguably, is the authority on cryptocurrency prices and market caps. It is perhaps the most trusted website out there for information on coin prices, their stats, and their market ranking. It features a live market ranking list that sorts cryptocurrencies based on their market share. This list is considered to be gospel in the crypto market and is endlessly referenced in most major publications and blog posts.

In 2020, CoinMarketCap was acquired by Binance, which is one of the biggest crypto and NFT exchanges in the world. Even though it has every incentive to serve the purposes of its parent company, countless press statements and mission reports have underscored its independence from Binance and its functioning as a separate entity.

This platform not only lets users sync their crypto portfolios and track markets down to the cent but also lets them track how other users are reacting to market sentiments—all in real-time. CoinMarketCap compares global metrics to present users with condensed information they can use.

CoinMarketCap also has a functioning blog and YouTube channel, along with a crypto converter, a blockchain explorer, and first-party mobile apps!

Wrap-Up

With so much information available so easily, investors need skills to filter out the noise and focus on what matters. As a trader, you have skin in the game, in the form of capital, and you ought to protect it. You must maximize your returns on your investment in the crypto market—and there’s absolutely nothing wrong with that. So here we are to help.

First, a word of advice: Do not rely completely on third-party information and analyses to make decisions about your investments. Most websites will urge you to buy or sell your Bitcoin at a certain price level based purely on speculation. It is wise to steer clear of all such unsubstantiated “research” until you’re absolutely sure of the technicals.

If you’re looking to make long-term investments into crypto-assets and bypass volatility, it is a good idea to stay invested in the market, diversify your portfolio, and choose fundamentally good coins.

Where, you ask?

On India’s biggest crypto platform, of course!

Download the CoinSwitch Android or iOS app to start investing now!

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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Devansh Sinhal

Content Writer

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