Experts predict the future price of BTC

The price of bitcoin is expected to increase in 2023, but experts asked for their forecasts by finder.com do not believe that the cryptocurrency will break the $30,000 level.

Experts wonder about the future price of bitcoin

Finder.com has prepared another report to help gauge market sentiment. As many as 56 cryptocurrency and fintech industry experts were polled on the future price of BTC.

Currently, one bitcoin costs around $23,000. This is the highest price since FTX collapsed in November 2022.

The atmosphere is also good. The Bitcoin Fear and Greed Index is 51, which means investors are neutral towards BTC.

The latest BTC price forecast published by finder.com indicates that analysts say one bitcoin could cost up to $29,095 this year. At the end of the year, the exchange rate is expected to be around USD 26,844.

Additionally, Finder’s respondents expect the price to drop further to $13,067.

Ruadhan O, creator and founder of Seasonal Tokens, believes that bitcoin will reach a peak of $27,000. In his opinion, there is still some anxiety in the market.

The price is low because possible impending disasters are priced in

Ruadhan O said.

By the end of the year, the mood of the market will change, and after the fear subsides, the market will rediscover the fact of bitcoin scarcity

– Added.

About 21% of the panelists expect institutional investors to exit the cryptocurrency market this year and divert their capital to various other asset classes. About 65% of Finder’s experts, including Alexander Kuptsikevich, senior market analyst at Fxpro, believe that Bitcoin is undervalued.

The phase of the most active cryptocurrency sales has come to an end. 2023 will be a year of cautious recovery. However, the real FOMO market won’t arrive until 2024-2025

Kuptsikevich noted.

Damian Chmiel of Finance Magnates, in turn, argues that for the bull market in the BTC market we need: increases on Wall Street and the end of the current monetary tightening policy of the US Federal Reserve.

The former won’t happen without the latter, and for now we just have to wait patiently

Chmiel explained.

However, I believe that Bitcoin will become a popular choice among traders in the long term

– added Finance Magnate’s Senior Analyst.

Ether

Ether is also doing well today. 1 ETH costs about 1556 USD. This means a small correction on a weekly basis – about 1.5% reduction.

Ethereum’s Fear and Greed Index is 56, which stands for greed.

You can invest in cryptocurrencies on the Zonda exchange.

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