Bitcoin could fall to $13,676: Finder.com
The panel of Finder.com predicted that the price of Bitcoin will be $25,500 by the end of 2022, while it may touch $13.6K bottom.
Bitcoin is currently facing the top down value because of the current macroeconomic environment in the world. At the time of writing this article, the price of Bitcoin is $19,786 and this price is down by 0.35% over the last 24 hours.
A comparison website Finder.com shared its predictions on Bitcoin on behalf panelists, in which various crypto industry players, including analysts, founders, CEOs, and academics shared their analysis.
Martin Fröhler, CEO of crypto trading platform Morpher, said that current retail sentiments toward this industry are very low because of “global economic uncertainty and inflation“.
Morpher’s CEO also said that high-level Bitcoin mining companies will also feel the pressure because of the China blanket ban, which forced all crypto mining firms to get out of mainland China.
Arcane Research analyst Vetle Lunde confirmed that he agrees with the analysis of Martin Fowler. Vetle said that negative situations are showing significant negative support for bitcoin.
Vetle said:
“tightening and unwinding of bad crypto debts will create sobering times onwards, and investors should buckle up for more difficulty.”
Other panelists, including senior lecturer at the University of Canberra John Hawkins, showed a highly critical point of view toward bitcoin and described bitcoin as “nothing but a speculative bubble.”
It is worth noting that the survey report of April was highly positive for Bitcoin price, where panelists predicted that bitcoin can touch USD 81,680 this year.
But current prediction is showing that bitcoin is in a very critical situation.
Interestingly, Finder.com’s panelists said that the price of Bitcoin will be $106,757 by the end of 2025 and it will reach $314,314 in 2030.
Read also: 14% Saudi Arabian population showing long-term interest in crypto
