Many experts have tried to publicize their bitcoin prediction. Finder.com says bitcoin will drop to $13.676 per unit by this year. This forecast comes from 53 fintech specialists. The specialists also believe that bitcoin will end the year at $23,473 per coin.
This bitcoin prediction is similar to the 80% drop theory. BTC has lost more than 80% of its all-time high during the bear market. It dropped 72% lower than its high of $69K on November 10th, 2021.
A report was sent out in mid-June on Bitcoin.com about the prices of BTC and ETH. The report was about where the prices would stand if BTC and ETH followed the same pattern of the previous years.
According to the math, an 80% drawdown from BTC’s all-time high in November 2021 would be around $13,800 per unit.
According to Finder’s prediction report, BTC’s expected 2022 bottom value is slightly more than 80 percent lower than the ATH. However, Morpher CEO Martin Froehler looks at a much lower bottom price. According to Froehler, BTC will probably drop to $12K per unit before rebounding to $40K by the end of the year.
Froehler says, “It’s reasonable to expect to see more big projects fail in the next couple of months. Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners, who just had to digest the China exodus, will capitulate and increase the downside pressure even more. We will see even lower Bitcoin prices.”
Bear Market
The bitcoin prediction study further elaborates on the crypto bear market. Around 30% of the panelists believe the bear market is ending, 46% think it will go into 2023, and 24% believe it will be the case until 2024.
A lecturer at the University of Brighton, Paul Levy, says. “Bitcoin will likely bounce back in 2023, which may actually lead to inflated expectations and further instability. Much of course depends on world events such as the war in Ukraine and its own ongoing impact on global confidence.”
In the previous bitcoin prediction report, an Arcane Research analyst, Vetle Lunde, said that bitcoin would reach a low of $13,000 per unit before peaking at $20,000. He emphasized, “A myriad of negative forces has crushed the strength of bitcoin … Further tightening and unwinding of bad crypto debts will create sobering ties onwards, and investors should buckle up for more difficulty.”
Finder’s BTC prediction report from April showed that panelists anticipated bitcoin to reach $179,280 by 2025 and $420,240 by 2030. Today, however, those forecasts are much lower, with the latest report estimating BTC to reach $106,757 by 2025 and, by 2030, $314,314.
For more news updates, visit our homepage now and see our latest news article. Want to learn more about trading? Visit our education page now and learn for FREE!
Will Ethereum Reach $10k by 2023?(Opens in a new browser tab)
Crypto Investments in 2021(Opens in a new browser tab)