Crypto money markets experienced a harsher winter than they are used to in 2022 and the sun has not shown its face yet. During periods when the weather is so dark, the mainstream media begins to report that crypto is dead. Some of the investors sell their assets at large losses. Such developments are usually seen in periods when declines are nearing the end. So what awaits us in the next 1,2 and 7 years?
Bitcoin Reviews
Bitcoin may follow stocks in a “big bull run” as the weekly chart begins to show strength. Many analysts believe that, contrary to expectations, Bitcoin will fall to $ 12,000 and investors waiting for a cheaper price will not be given an opportunity. The first theory comes from macro analyst Henrik Zeberg and involves a macro market catalyst.
Bitcoin Monthly Chart
In a post on November 24, he argued that Bitcoin still behaves similarly to other risky investments, but “not like gold”. Although the FTX scandal has Decimated the correlation between BTC and stocks, there is still no reason to give up the idea that it will return.
Another analyst, Alan Tardigrade, thinks that the BTC/USD weekly chart could make a big surprise, given the 20-week bullish deviation. Bloomberg’s commodity strategist Mike McGlone predicted that the Fed’s rate hikes will force Bitcoin to “outperform most assets”, and this forecast is 3. it turned out right in the quarter. It can be said that it is better compared to stocks. McGlone expects improvement in the market for the rest of the year.
According to Jake Gordon of Bespoke Investment Group, BitVol, a volatility indicator, has “started to collapse” and is nearing its lowest levels since spring. The index was hovering at 69, up from 111 in May, according to press time. According to Mike Novogratz, CEO of Galaxy Digital, the gloomy trend could continue for another two to six months. He claims that most of the investors who need fiat have already sold their assets, and the sellers are severely depleted.
Over the past eight years, different financial experts have consistently predicted that the Bitcoin bubble will burst “soon”. However, Bitcoin continues its steady rise in a sufficiently long term.
Bitcoin 2023 Price Forecast
Legendary analyst Bill Miller thinks that the Bitcoin price will continue to increase in the long term. The main reason behind this is the fact that the BTC circulation supply, which is increasing at an annual rate of 2.5%, is slower than the new investors who adopt it. There are not enough BTC entering circulation for Bitcoin investors, which is increasing exponentially every year, and this indicates that the Bitcoin price should continue to increase in the long term.
For example, demand and adoption curves by Bloomberg Intelligence say that the Bitcoin price will reach $100,000 in 2025 for this reason. It can be argued that a large part of the demand and adoption for Bitcoin in the last few years is due to its emergence as a store of value. In fact, while many people are attracted to Bitcoin for technology, many other people are also attracted to Bitcoin to get a good return on their investment.
Bitcoin suffered losses of 27% and 41% to investors in the 3-month and 1-year periods. Thanks to its most recent decline, investment returns have turned negative. Nevertheless, there are several factors that underline the bullish period for the world’s largest cryptocurrency.
the number of Bitcoin addresses holding 0,1+ coins has reached one ATH
The Percentage of Supply in BTC Profit (7d MA) reached a 1-month high of 60,513%.
ASOPR (7d MA) reached a 3-month high.
According to IntoTheBlock, 53% of investors are in profit at the current price of BTC.
In a prospectus submitted to the SEC on September 9, MicroStrategy aims to buy $ 500 million worth of BTC.
In the light of all these developments, it seems likely that BTC will experience a ceiling price rise of $ 70,000 again next year.
Bitcoin Price Prediction 2025
According to Changelly, the average transaction price of Bitcoin will increase to $ 124,508 in 2025. But there is a possibility that the king crypto money will not experience a rise at the specified level. Some of the details that support this are the following; ripto is not yet supported in the same way by global regulatory and legal regimes. With the fact that CBDCs are gradually beginning to be implemented in many countries, the attitude towards cryptos is also not exactly positive.
Using the growth of the technology to highlight how far Bitcoin can go is another interesting perspective. Let’s take the example of Google, for example. Despite the recent turmoil, it is expected to grow exponentially in the next 5 to 10 years. Historical data shows us that Google and Bitcoin are growing hand in hand. In other words, there is a lot of supporting data that crypto currencies will be at a better point than their current position in 2025.
Bitcoin Price Prediction 2030
There is no guarantee even whether you will be alive after about 8 years. In other words, giving Bitcoin a target of 2030 from today may not have a successful result. However, in the light of past data and expectations, we can make some predictions with a weak probability of success. According to Changelly, BTC could peak at about $937 thousand in 2030, and the cryptocurrency could be traded at an average of $ 798 thousand. What is driving these predictions? There are a few reasons for this. For starters, most people are optimistic about the value of the scarcity of cryptocurrency. Secondly, maximalists foresee a future in which the demand for Bitcoin is endless. Finally, with the adoption of Bitcoin increasing by 113% year-on-year, many people expect the BTC price to increase at the same pace.
According to Robert Breedlove of Parallax Digital, BTC will reach $ 12.5 million by 2031. Breedlove said that the crypto currency will reach 307 thousand dollars by October 2021. Therefore, there is a good reason why some do not take him seriously.
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