Bitcoin price reached an all-time high (ATH) of $68,789 on November 10, 2021. Since then, Bitcoin’s volatility has been remarkable and the market appears reactive and unstable, with the Fear and Greed Index showing high levels of doubt and uncertainty. So, what will Bitcoin’s value be at the end of 2022? In the light of the current market environment, we have compiled the forecasts of the top 10 analysts of the market for Kriptokoin.com readers.
Bitcoin price predictions by famous analysts
Bloomberg analysts (Bull)
A report published by Bloomberg on February 6, 2022, Bitcoin started the year with a major correction. However, it shows that it is ready for further price increases. According to Bloomberg Intelligence’s Crypto Outlook report, moving demand and supply statistics will have an impact on Bitcoin’s potential price increase. Analysts’ predictions are as follows:
The next key Bitcoin threshold could be $100,000. Bitcoin is more likely to form a floor rather than a ceiling. This means that traders accustomed to $30,000-60,000 may be disappointed.
Analysts remind that, according to economic rules, a market with increasing demand and short supply will rise over time and suggest that Bitcoin may rise again as a bottom around $30,000 and resistance at $60,000.
Invesco (Bear)
Contrary to Bloomberg, investment giant Invesco is trading below $30,000, arguing that the Bitcoin bubble will burst in 2022 and investor interest wanes. he expects to see.
Considering that Bitcoin witnessed increased volatility in 2021, the investment giant attributes the bursting of the anticipated Bitcoin bubble to the 1929 collapse and also says that the current mass marketing of the asset has lost momentum. Invesco analysts evaluate:
The template also shows that balloons typically deflate in more than two years. Therefore, we think it’s not too hard to imagine Bitcoin falling below $30,000 this year.
OKCoin CEO Hong Fang (Taurus)
CEO of cryptocurrency exchange OKCoin Hong Fang, Bitcoin’s $100,000 price target, He says that while BTC is quite sensitive to market fluctuations, it still holds up.
Hong Fang predicts that Bitcoin will hit the target provided the fundamentals of the asset remain in place. He also states that the asset will see short-term volatility due to events surrounding leveraged products and derivatives. Fang explains:
I still believe the $100,000 price is reasonable, but timing may be a little tricky. Because we are at the mercy of market dynamics. So in the short term a lot of elements are at play, but in the long term I still think it should be okay to hit $100,000 or higher.
Frank Holmes (Taurus)
of US Global Investors Frank Holmes, CEO of investment company US Global Investors He says he predicts Bitcoin will overtake the precious metal with millennials of activity being the primary driver, despite having the potential to According to
CEO, Bitcoin’s capacity and price action to outperform other asset classes in 2021 puts BTC in a strong position to reach $100,000. Based on millennial involvement, Holmes states that Bitcoin is on its way to becoming the world’s most valuable store of wealth. His claim is that Bitcoin has replaced gold as the preferred store of wealth for millennials.
Nexo founder Antoni Trenchev (Taurus)
Nexo founder Antoni Trenchev believes that the value of Bitcoin will more than double its current levels by mid-year. He says he has ‘two simple reasons’ to believe.
“I’m pretty optimistic about Bitcoin. I think it will reach $100,000 this year, probably by the middle,” says Trenchev, explaining it this way:
We are seeing institutional adoption continue quietly, companies filling their treasury with Bitcoin. Also, the broader theme of macroeconomic realities and cheap money, I think, is here to stay, which is great for crypto, which is an inflation hedge and gold 2.0.
Crypto trader and analyst Michaël van de Poppe (Taurus)
Prominent crypto analyst Michaël van de Poppe believes that Bitcoin will repeat history in 2022 and 2022 It believes it will continue to operate in the second quarter of . In early 2021, the analyst predicted:
Peak high bull cycle forecast, still standing. We expect 2022/2023 to be at its peak, not this year. Bitcoin is $350,000-450,000.
Ian Whale (Taurus)
from Token Metrics
According to Balina, the value of Bitcoin could rise to $100,000-150,000 in the near future. However, the timeline is unknown. The analyst says that the launch of new cryptocurrencies and the growing interest in the metaverse will continue to drive demand for cryptocurrencies, while Bitcoin will recover in the meantime.
Technical analyst Plan B (Bull)
albeit for 2023, Plan B says in a recent tweet that the world is on pace for Bitcoin to hit $100,000 by 2023:
Both S2F and logarithmic regression point to $100,000 in 2023.
Commodity strategist Mike McGlone (Bull)
According to Mike McGlone, deflation could replace inflation in 2022 and the Bitcoin price could rise to $100,000. The strategist thinks that 2022 will be a profitable year for both Bitcoin and gold, with BTC reaching $100,000. The strategist explains his views as follows:
$100,000 Bitcoin price, $50 oil, $2,000 gold? 2022 outlook on 5 charts. Declining yields on top commodities and Treasury longs point to risks of a resurgence of deflationary forces in 2022 with positive results on Bitcoin and gold.
With gold already trading at over $2,000 per ounce, oil this year over $100 per barrel. Time will tell if BTC can reach $100,000. But there is a long trade route until December.
Technical analyst Matthew Hyland (Taurus)
The technical analyst believes that Bitcoin could reach $100,000 in 2022. Hyland notes in a tweet that there is an ongoing trend of Bitcoin supply leaving major exchanges.
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