Bitcoin to Hit $93K in 2022, $192.8 in 2025, Finders’ Report
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Top product comparison platform Finder published an updated Bitcoin (BTC) price prediction curated by Finder’s panel of 33 fintech specialists, on Wednesday. According to the expert panel’s forecast:
“Bitcoin (BTC) is expected to peak at US$93,717 this year before dropping to $76,360 by the end of 2022 … This is roughly 60% higher than the price of bitcoin at the beginning of 2022.”
The expert panel also published its predictions for BTC in 2025 and 2030. Notably, their updated forecast came in lower than the prediction made in October 2021. At press time, the benchmark cryptocurrency trades at $38K, according to data from TradingView.
The panelists forecasted that by the end of 2025, Bitcoin would hit $192,800, a figure 7% lower than its October forecast.
For 2030, the panel opines that the benchmark cryptocurrency would clear $406,400, a figure 28% lower than its October forecast. Finder explained:
“Potential interest rate hikes might be what’s leading the panel to be more conservative with their predictions compared to back in October.”
Meanwhile, the US Federal Reserve is expected to raise its interest rate at least four times this year. That said, several panelists argued that “increasing interest rates will negatively impact the cryptocurrency market,” while others asserted that it is a good time to purchase the BTC.
Key Bitcoin Levels to Watch — January 30
uary 30
After posting an aggressive recovery above the $37.5K area, BTC has fallen into a $1K sideways bias between $37.5K and $38.5K. With a clear calendar for the first few days of the week, I expect BTC to etch higher towards $40K in the near term.
However, a sustained breach below the $37.5K support could accelerate a decline to the $36.7K price point, where my descending trendline and the 4-hour 50 SMA converge. On the other hand, the critical level for bulls to monitor is the $38.5 resistance, which—as mentioned earlier—could trigger a bullish continuation towards $40K.
Meanwhile, my resistance levels are at $37,500, $38,500, and $40,000, and my key support levels are at $36,000, $35,000, and $33,750.
Total Market Capitalization: $1.70 trillion
Bitcoin Market Capitalization: $714.1 billion
Bitcoin Dominance: 41.9%
Market Rank: #1
