By the end of 2022, BTC is expected to reach more favorable highs. In contrast, the decreased projections are mainly due to the crypto meltdown.
Read CRYPTONEWSLAND onIn particular, 43.5% of a total of 22,309 votes from the cryptocurrency community on Twitter forecast that Bitcoin’s value will range from $20k-$30k. However, 21.6% of the voting population expects more of Bitcoin’s future. They think Bitcoin will surpass the $30k threshold toward its all-time high.
Over the past couple of months, Bitcoin has witnessed breathtaking fluctuations. The market looks agitated and unstable, and the Fear & Greed Index has shown a high level of nervousness.
As a result, 27.2% of voters predicted a negative retracement. According to these forecasts, Bitcoin will cost between $10,000 and $20,000 by the end of the year. A further 7.7% of people predict a price under $10,000 by the end of the year.
Meanwhile, experts have commented that the market will hardly move above $30k without fundamental support and bullish sentiment from the stock market.
The value of Bitcoin (BTC) hit $20,000 on Tuesday, October 27, marking the currency’s highest level in more than a week. A limited trading range continues to limit Bitcoin’s growth.
As a result, several traders and investors are now focusing on the crypto’s next target price by October 31, given the volatility experienced in the crypto market.
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