The question is if Wrapped Bitcoin is currently on an uptrend?
According to the data, since April 6, 2022, Wrapped Bitcoin has been steadily decreasing and has gone down 49.24%. Concerning the 200-day moving average line, -59.88 is currently -66.59% above it. It is also -69.06% above the 100-day moving average line and __val__% above the 50-day moving average line.
Predictions for the price of Wrapped Bitcoin in 2023
Let's examine the one-year forecast more closely since it is the most precise of the analysts' forecasts.
Analysts were divided in their predictions for the Wrapped Bitcoin price over the next year. The highest forecast predicted a one-year price target of $76.56k. However, the most pessimistic forecast was $58.52k.
The latest average price target for the next year is $66.44k, which is the most vital figure.
This indicates a possible increase of 3.13 percent.
WBTC - Relative Strength Forecast
WBTC - Trend Prediction
WBTC - Price Volatility Prediction
WBTC - Relative Strength
WBTC - Momentum Forecast
Wrapped Bitcoin's Prospects For 2025-2030
Wrapped Bitcoin's future looks promising. According to five analysts, Wrapped Bitcoin is expected to reach $70.67k by March 2025. The five-year forecast projects that the Wrapped Bitcoin price will be $75.16k by March 2027. The long-term prediction for 2030 is $82.44k.