After retaining a extremely good upswing during the previous days trade, the Bitcoin rate corrects itself barely by means of dropping with the aid of more than 4%. While the buying and selling extent remains rather high, the possibility of mounted selling pressure over the token since the early training hours.
BTC Price Prediction- The bitcoin price prediction by coinpedia is $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00.
- However, a popular crypto analyst, Micheal van de Poppe, in his new video believes that the BTC prices still can reach $30,000 in the near future.
- The BTC price is expected to drop back to the $17,500 and $17,700 range after reaching the monthly highs at $18,000 for 2022 December.
Sources -
https://www.youtube.com/watch?v=7u_ylhYcvdA and
https://coinpedia.org/price-prediction/bitcoin-price-prediction/Will BTC close to monthly trade on a bearish note?You know there is a place in this forum where you can make speculations about Bitcoin price... It is a sub-forum called Speculation -
https://bitcointalk.org/index.php?board=57.0feel free to post your price speculations there. Although without a more in depth analysis explanation I doubt that anybody will take your prediction very seriously. I would recommend you add charts and sources as well as explaining your logic in a more detailed fashion.
Having said that, I strongly believe that Bitcoin will be over 100k in the near future. A lot of people here think the same and they have even provided reasons why it will be so. My favorite chart that points towards 100k is the logarithmic chart.