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?Everyone can estimate the price of Bitcoin. Maybe the prediction was based on previous experience, or something happened that made the price pump or dump. But I'm not really sure about the predictions for this year or the next year. Because the stages for the Bitcoin price pump have not been exhausted in two years. I think that initial start will occur in September 2023.