As we prepare things are looking good for bitcoin, the first cryptocurrency to hit the market earlier this year.
At the end of the first quarter, the experts begin to think about consolidating the current levels and how far the asset can go this year.
First, the Caution applies to average estimates.
Analysts Are Commenting how do you think Bitcoin will evolve before the end of the year.
After a brilliant start, which makes it one of the best assets in terms of revaluation stock so far this year with these 41% uploads, the truth is that market specialists bet clearly by him for the future, as we see it now.
nothing like the iteration of Cathy Wood out of a trillion dollars to Bitcoin in a decade, but more realistic especially in the short and medium term in the evaluation.
But it is also true that, in terms of the situation economy for the horizon of 2023, have already improved on paper compared to what expected in the last months of 2022, but with an imminent slowdown, which could also trigger a future recession. .
Many places have experts like Vetle Lunde, who told Finder with Arcane Crypto that Bitcoin “will basically be range bound for most of 2023 as higher costs due to inflation and a challenging economic environment reduce the ability to allocate cryptocurrencies”.
However, the new survey of this site collects an overview of the prices of where you will place your price in 2023 from a group of 56 experts from all sectors of the crypto industry: $ 26,844 by the end of this year.
Also, the estimates for 2025 point to $77,492 and $188,451 for 2030.
Some Consulted specialists point to 2023 as a year of cautious price recovery, but already we know we may be behind until 2024 and 2025, so actual FOMO, we think that the market will hardly back down.
We can see that Bitcoin is up a modest 1.23 % during the last week, with an increase monthly of 38 %, closing the quarter in two digits with a gain of 10.6 %while earning more than 41 %. active at the end of the year.
With a value of more than $ 450.6 billion Global cryptocurrencies are worth $ 1.13 trillion, which is 40.1% of the total.
Also ranked 17th globally by value, behind the French luxury goods company LVMH and ahead of the American pharmaceutical company UnitedHealth.
All this while the dread and greed index trades in its highest levels since May 2022, with levels that already point to greed, in 58, the same as the day before and far from the fear of last month, which is already doubling... about
Continuing with the Finder.com survey, there is an important point, as this potential price increase for the 10% that experts see at $ 26,844 is mainly due to the average, although its "height" could increase more and more.
As most respondents emphasized, the range from $ 30,000 to $ 32,499 It can be reached at certain times of the year. and even more at the level higher than this level.
Specifically, 15 of the analysts surveyed believe that by 2023, Bitcoin price could exceed $ 32,500.
That would mean a bullish trip for Bitcoin from its levels of current prices of the 40%, which could cause the value to appreciate more than 80% in the current fiscal year.
However, it is true that prudence prevailed over the experts' forecasts, because they are very, very far from the level forecast at the beginning of 2022: more than 37 thousand dollars this year and more than 406 thousand by 2030.
While many of those surveyed believe it will take time to get back to all-time highs, estimate that even in 2024 there will be increased adoption of Bitcoin that will accompany a positive regulation of the cryptocurrency.
When it comes to when to buy, sell or hold, the vast majority, 50 %, choose to buy Bitcoin now, in front of those who consider that it is a good moment to maintain, the 37 %while alone 13 % of those surveyed consider this moment to sell the first cryptocurrency on the market.
And it is that they generally consider that the current price of the asset is a good entry point for investors.
In which almost everyone agrees, to even though bitcoin possibly fall from its current levels, it is than the fund for Bitcoin in particular and cryptocurrencies in general seems to be very close, with a crypto winter that they see as a very good option.