Many experts are predicting that the outlook for bitcoin will be relatively optimistic and could rally to $29,000 this time.
Bitcoin price surge is a good signal for investors
As of this writing, bitcoin has surpassed the $24,000 threshold, which makes investor sentiment more stable and this is a signal that this coin will have a hard time falling lower than before. Many experts are predicting that the outlook for bitcoin will be relatively bullish this time, and it could rally to $29,000. According to market analysts, the increase in the price of cryptocurrencies in the market is very important when investors lose confidence.
Previously, CoinMarketCap had predicted that Bitcoin would rise to $33,414.3 and Ether to $2,769.9 by the end of July. Meanwhile, PricePredictions predicts that BTC will hit a maximum of $39,435.58 in 2022, while Ether will hit $2,729.53 by year-end. According to CNBC, traders currently expect the Fed’s monetary policy to be softer next week.
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Source: INN NEW YORK CITY