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After Bitcoin’s Weak Start to the Year, Analysts Now Predict Price Increase

From coindesk.com

After a rocky start to the year, bitcoin (BTC) appears to have stabilized this week, and some analysts are predicting that prices could be set to rise. Bitcoin has added 1% since Sunday after dropping almost 12% in the first week of 2022. Compared with the first week of 2021, when bitcoin gained 15% and traded above $50,000, this week's move looks small, but experts say the market might be turning higher now. Prices are likely to rebound from the current level around $42,000 though will remain within the $40,000-$60,000 band, said Gavin Smith, CEO of Panxora. “This would set bitcoin up for a move to new highs later ... (full story)

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  • Category: Fundamental Analysis