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?I strongly believe all these are just speculations as no one can predict easily the next move of btc in a short time. Anything can happen in-between that can cause a sudden drastic upward or downward change in trend. Do not forget that there has been a lot that happened of lately which also affected the market significantly. These happenings that effected the market were all unforeseen by these spectators so tell me how were they able to speculate or rather predict the price of btc in a short while