- Bloomberg polled 950 investors and 60% of them expect Bitcoin to bottom out at $10,000 .
- In contrast, Glassnode data and analysts at DeutscheBank predict a run-up in Bitcoin’s price.
- BTC is currently trading at $19,918 , having lost about 3.50% in value in 24 hours , and having added 3.39% over a 7-day period at the time of writing.
According to a Bloomberg MLIV Pulse survey of about 1000 surveyed investors, most of them, 60% to be exact, believe bitcoin could fall to $10,000. The remaining part of respondents believe another scenario is ahead.
However, data from online market analyst Glassnode, based on Bitcoin’s historical price movements, suggests that the main cryptocurrency is likely to grow. About 25% of retail investors do not believe in cryptocurrency, while 28% of the total number of investors surveyed, both retail and institutional, firmly believe in cryptocurrency as an asset .
Analysts at DeutscheBank believe that Bitcoin by the end of 2022 will return to the price of 28 thousand dollars, the situation will depend on the dynamics of the U.S. stock market, according to Bloomberg.
Bitcoin is currently trading at $19,918 and community sentiment has turned positive in anticipation of the Fed’s monetary policy decision. The Fed will raise rates, then there will likely be a surge in cryptocurrency prices, short-term traders will lock in gains, and then the price will go down again.
By TradingView
The value of BTC continues to hold above the key level of $20,000, and its price is $19,918. During the week, Bitcoin still added 3.39% in price, although it lost about 1% in the last 24 hours. The market capitalization of the key cryptocurrency is currently $393,161,836,121
Its price has fallen slightly and is 4.17% compared to the previous day. In addition, the market capitalization of the market leader has fallen below $400 billion, with its market capitalization at the time of writing about $380,338,361,787.
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