I see the price of Bitcoin at the moment is always bouncing and I also don't know if that is a sign of increasing higher, or dropping to a lower price than before. Even though if we look at the global use of Bitcoin and cryptocurrency adoption it has started to spread to several countries at this time. And that's a very good thing for Bitcoin.
this is a sign that we are stable now and seems to be continuing this whole year end of December.
I'm expecting a slight BTC rise approaching the last week of December. I am considering people would buy fractions of Bitcoin after the release of the Christmas bonuses and other monetary gifts for the employees, since Bitcoin is also considered cheap at $17k.
I'm expecting at least $18k-$20k rise just before the year ends. Then, I wouldn't be expecting a bull run next year, maybe we'll see BTC roaming around $15k - $25k.
but seeing it now dropping to 16k again knowing that we are closing the year? I'm afraid that we will be failing to see at least 20k
but staying at 18k will be enough to close 2022 you think?
but more happier if 20k will be broken at least just this month .
Only 10 days left of the year, and now we still face a lot of Fuds in the market, but I believe bitcoin will not drop to $16k by year end, but the $20k target for Bitcoin is also very difficult to achieve. I predict bitcoin will probably range from $16k to $18k until we head into the new year.
But in 2023, my prediction is bitcoin will make a new bottom, not go up. Although the Fed has lowered interest rates and inflation in the US is trending down, in countries like the EU or Japan, inflation is still increasing and they have simultaneously raised interest rates. It shows us the economy will actually get worse in 2023, so I don't expect much in 2023. I think we should wait until 2024 when the halving happens, and the economy recovers better.