BITCOIN: Where it`s going and where it′s been
DB Investing
A multi-regulated and multi-asset broker, licensed by FSA and ESCA, with 10 Industry Awards ?? since 2018.
By: Laura de Aguiar
Bitcoin, with a current a value of 22,890.10$, has been struggling for the past year to from the plunge in prices it suffered back in June of 2021. ?
After dropping from 58,950,02$ to 34,576.96$ between March of 2021 and June of 2021, it managed to recover and exceed previous values in October 2021 reaching 60,655.85$ only to find itself in trouble once more in January of 2022.?
2022 proved to be the most challenging year for the Bitcoin moving from a low 38,429.82$ value to an even lower 16,576.25$ position at the end of December 2022.?
Latest forecasts for 2023 for this Cryptocurrency show an average price level of?$33,372.88. The general belief amongst traders and analysts is that?the expected minimum price value of Bitcoin by the end of the current year should be $32,201.53. ?
On the other hand, these same voices point out that the BTC could reach a maximum price level of $38,265.31, during 2023.?
So far, the uptrend in the price since the start of the year as well as the positive sentiment from Traders and Crypto Holders seem to be supporting these forecasted numbers.?