$0.54
+ $0.01 (2.42%)
End-of-day quote: 2022-10-17
BYC/USD

Is Bytecent currently in an uptrend?

According to analysts, the answer is no. Since April 6, 2022, Bytecent has been on a long-term downswing, decreasing in value by 45.95 percent. The 200-day moving average is currently -59.36 percent less than the current price, -66.23 percent less than the 100-day moving average, and -68.81% lower than the 50-day moving average.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Bytecent Forecast for 2023

The one-year forecast is generally seen as the most accurate.

Some analysts were optimistic, predicting a 12-month price target of $0.64. Others were much less optimistic, with an anticipated price of $0.49.

The most recent average price target for the following year is $0.56, which is the most crucial number.

This indicates that Bytecent may rise by 3% over the next year.

BYC - Relative Strength Forecast

Bytecent has broken the 25 strength line from below on 2022-08-30 and then changed into a strong trend, which thereby generated buy signals that lasted one month. Late Sep 2022 we see how the relative strength falls from above 25 to below 25. Thus, Bytecent has been in a sell signal since 2022-09-29.

BYC - Trend Prediction

BYC - Price Volatility Prediction

From 04/06/2022 we see a strong Bytecent above the moving average causing rising prices of Bytecent. From early Sep 2022 we then see a strong Bytecent, which then triggers a buy signal.

BYC - Relative Strength

From 09/12/2022 to 09/13/2022 Bytecent was so overbought that this led to a reversal trend. Mid Sep 2022 we then see Bytecent developing more and more weakness, which is a sell signal.

BYC - Momentum Forecast

Mid Oct 2022 Bytecent left the overbought zone to the downside, resulting in a short-term negative change in trend. In October we then see weak volatility for Bytecent for a longer period of time which led to negative signals for Bytecent.

The Future of Bytecent In 2025-2030

The future of Bytecent looks bright according to thirteen analysts who predict that the cryptocurrency will reach $0.59 by March 2025. In five years, the price of Bytecent is expected to be $0.63, and by 2030, it is anticipated to reach $0.68.