We get trend predictions for Bitcoin and the overall market for 2022 from 6 expert cryptocurrency analysts. In the list, you can find analyzes of popular Twitter analisdollar series and industry veterans. Here are the details..
Bitcoin (BTC) needs to retake $48,670
Weekly price performance analysis for BTC is handled by Twitter analyst Rekt Capital, highlighting the $48,670 region. receipt. As the chart below shows, “BTC is successfully retesting the black lines as support,” according to Rekt Capital, and “has been doing this for three straight weeks.” Rekt Capital sees this as a potential target to watch out for in the near term:
The last weekly close means the red horizontal ($48,670) has disappeared as support. BTC could bounce soon to retrace the red as support.
The current weakness in BTC was also addressed by analyst Michaël van de Poppe and posted the tweet below. The analyst suggests that rejection at $48,000 could lead the price to drop below $46,000.
#Bitcoin rejected at the $48K level, through which it's still seeking support to be hit.
Looking at the region at $46K. pic.twitter.com/z0v88Ls58v
— Michaël van de Poppe (@CryptoMichNL) January 3, 2022
Despite the short-term struggles for bitcoin, Twitter analyst GalaxyBTC is bullish on it. continues to appear. For the first quarter, the analyst thinks:
BTC’s paddling is only a matter of time, and the longer it takes, the more it will pump. The first quarter is on the rise.
GalaxyBTC’s analysis was supported by another Twitter user, Bobby Axelrod, with the chart below, which summarizes the predicted trajectory of a cup and arm formation on the Bitcoin chart over the coming months. Bobby also said:
The “handle” in the pattern will be seen mid to late January at $58,000 – $60,000. In the first week of February, a decrease to $ 48,000-50,000 can be seen. We may retest ATH in late February or early March. Small retreat at the beginning of March, then rocket. Benjamin Cowen, whose analysis we shared as
Kriptokoin.com , said that BTC is currently well below the bull market support band, 20-week SMA and 21-week EMA. states that it is a technical indicator consisting of a combination of Analyst doubts that Bitcoin will have a parabolic first quarter and predicts that Bitcoin will trade “within a certain range for a while”:
I do not see a major market cycle for Bitcoin, it may not be until 2023 at the earliest .
Antoni Trenchev expects 6-digit BTC price
Nexo Co-Founder Antoni Trenchev has predicted that Bitcoin will reach a price of $100,000 by mid-2022. In his latest CNBC interview, the analyst stated that the forecast will come true in the next few months:
I am quite optimistic about Bitcoin. I think it will hit $100,000 this year, probably by the middle.
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