Latest Bitcoin price predictions

Latest Bitcoin price predictions

In these very excited days, many predictions have been made about the price of Bitcoin.

However, in this moment of true euphoria they leave a little time to find, because we are facing a totally unprecedented scenario.

In fact, the only times that there have been months of virtually continuous price increases were the two times that a real speculative bubble formed on the price of bitcoin, at the end of 2013 and at the end of 2017.

In both cases it was the final Bitcoin Champion part of the bullrun following halving, while many analysts argue that at this moment in time the price of bitcoin is not yet going through the final phase of the post-halving bullrun.

In fact in 2017 something vaguely similar happened at the beginning of the year as well, but with much smaller price increases and much shorter duration.

The only similar precedent might be the first spike of the 2013 bullrun, when the price rose from $13 in late December 2012 to almost $150 in April 2013, i.e. a tenfold multiplication in about three and a half months.

But in the current case it is now a fourfold price multiplication, again in about three and a half months, i.e. not quite the same.

It should be added that in 2013, after returning to $70 in mid-July, it made an incredible increase of 1,400% in five months which took it to over $1,100 in mid-December.
Bitcoin’s price predictions between rises and falls

So the current scenario is actually unique, unprecedented in Bitcoin’s short history, making it very difficult to make predictions based on solid fundamentals.

That being said, some short-term predictions have proven to be correct, such as the one that assumed the Bitcoin price would approach $42,000.

Although there are many different forecasts in circulation at the moment, there is one from Bloomberg for the short term that follows the path so far described by the few that have turned out to be correct.

It assumes that the next resistance, at around $50,000, may be reached. However, this forecast does not conceal the risk of a correction, although it does not specify when or how far the price might fall if it were to be triggered.

It must be said, however, that many analysts are circulating the figure of $25,000 as the main support in the event of a correction.

In the medium term, however, it is possible to note a certain convergence, although not shared by all, on the hypothesis that emerges from the projection of the stock-to-flow.

The graph shows the stock reaching $100,000 by the end of 2022, and it is probably no coincidence that there are several forecasts betting on this threshold being exceeded, such as that of JPMorgan.

However, it should also be pointed out that at a time of such high volatility, and such great uncertainty about the future, there are also those who argue that in the event of a correction the price could end up falling far below the current level, and perhaps remain there.