The bitcoin's price prediction by December 31, 2022 | Paragon Alpha

The bitcoin's price prediction by December 31, 2022

By Matea Gucec

The cryptocurrency Bitcoin is without a doubt one of the most popular investments that is available today. Even those who have never been interested in trading before can simply become crypto investors because the market has a low entrance hurdle. As a result, there are several Bitcoin price predictions that focus on one straightforward issue: Will it climb again in the future?

In general, most analysts are optimistic about bitcoin. Some others, like Wallet Investor, predict that during the next five years, the price of Bitcoin would reach almost $150,000. Others, like Digital Coin Price, have a more cautiously optimistic vision. According to their BTC price forecasts, the asset will probably have hit "just" $100K by 2027.

User-generated cryptocurrency price predictions on CoinMarketCap forecast that bitcoin will reach the minimum price of one bitcoin will be $37,125.49, based on a technical analysis of forecasted price trends in 2022. The price of Bitcoin can go as high as $41,180.91. Around $38,288.89 is predicted to be the average trading price.

However, some may disagree.

According to co-founder of Absolute Strategy Research Ian Harnett, previous cryptocurrency rallies have shown that bitcoin frequently declines by 80% from all-time highs.

He predicts that the value of the most popular cryptocurrency in the world might go as low as $13,000, or approximately 40%, from its present level.

To get additional insights, we conducted a survey on more than 350 respondents from various fields including financial, and investment analysts, pm-s, data analysts, and exchange traders asking about their predictions about bitcoin’s price by the end of 2022.

The final results came out as quite surprising.

According to 49% of respondents, the bitcoin price will fall below $20,000. 18% of respondents disagree and predict that bitcoin will increase to above $40 000 by the end of this year.

Today – 1. July 2022, the price of one bitcoin is $19715.20, an increase of 1% from the previous day.

CEO of Mudrex, a global crypto investing platform, said:  "Bitcoin has been down by 56% since the beginning of the year. The market is currently not dominated by either bears or bulls, but if buyers can hold BTC above US$20,000, we may likely see short-term growth soon. But if the price falls below the current level, there are chances of bears taking over the market, and the next support level would be at US$17,000,"

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