Bitcoin Price Will Soar 13% By October 31, Crypto Community Predicts
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Loading... - Anthony Omari
- 29 Sep 2022
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Over the past couple of months, Bitcoin price has been dealing with a narrow trading range trying its best to make a full recovery after plummeting into a series of dips.
§ Bitcoin repeatedly failed to move past the $25K mark
§ Almost 22,000 predicted its price to soar next month
§ Worst-case scenario for Bitcoin involves trading price of $11,000
The largest cryptocurrency by market capitalization had repeated attempts to move past the $25,000 mark but has been unsuccessful so far.
Just this Tuesday, Bitcoin managed to have a mini rally, climbing all the way up to trading price of just above $23,300.
That spike was short-lived though, as the digital asset immediately had a price correction. As of this writing, tracking from CoinGecko showed Bitcoin changing hands at $18,746.
It is already doomed to end the month of September with a price that is over 50% lower than what it had during the same month last year.
Bitcoin Price Prediction For Next Month
Both traders and investors are taking into account the volatility that is known to hound the crypto space in gazing into Bitcoin’s immediate future.
According to members of the CoinMarketCap crypto community, the subject digital currency could be looking at a price increase of more than 13% by the end of October 2022.
That would put Bitcoin price at $22,857 which is significantly higher than its current level.
A total of 21,873 users voted for the Bitcoin price prediction, according to data from CoinMarketCap.
As optimistic as this may sound, it could be an indication that investors have already given up on the ridiculously bullish forecasts about the top cryptocurrency and that they have already come to terms with its recent unimpressive performance. Read More…
