Bitcoin Price USD Prediction: How Bitcoin is Likely to Trend Today, in the Next 7 Days and in the Future
|
Buy/Sell |
forecast |
||
|
today |
Sell |
$15,790 |
|
|
Bitcoin Price Prediction This Week |
Sell |
$27,121 |
|
|
Next month |
Sell |
$25,596 |
|
| Max Bitcoin Forecast for 2022 |
buys |
$30,016 |
|
| Max Bitcoin Forecast for 2025 |
buys |
$43,156 |
Bitcoin continues to unravel, losing 30% in the 5 days, 15% in the last 24 hours.
Bitcoin Price Prediction: Have We Reached the Bottom?
The answer is a definitive NO. Because?
- There is absolutely no visibility into when global inflation will start to fall. The estimate is somewhere after August, but there are no definite metrics to confirm the same.
- Some argue that Bitcoin has fallen almost 2/3 from its all-time high and therefore is unlikely to fall further. The fact is that Bitcoin was trading at around $8,000 at the end of 2019. It is now trading 147% more. This is a huge ROI for anyone who bought 2 years ago. The fact that BTC has risen by about 700% in 22 months based on Fed-led liquidity is something that cannot be ignored. So when liquidity starts to unravel, prices are also bound to fall.
- Therefore, it cannot be said with certainty that this is the bottom. That said, some investors are likely to DCA as prices seem to be quite attractive.
Bitcoin Prediction: The Analysis
Bitcoin’s predictions in the short term are very negative due to the following reasons
- The rapid decline in financial markets and the failures of institutions in the cryptocurrency sector (such as Celsius)
- A massive increase in cryptocurrency prices in the last 2 years. Bitcoin has increased by 275% since March 2020 (the beginning of the COVID lockdowns). This is significant inflation by any standard.
- Bitcoin was mainly benefiting from a rapid expansion of the Federal Reserve’s balance sheet. Between February 2020 and the end of the Trump presidency, the Federal Reserve expanded the balance sheet from $4.2 trillion to $7.4 trillion or about $320 billion a month. During Biden’s presidency so far, the budget is expanding at the rate of $100 billion a month.
The latest inflation figure at 8.6% is a 40-year high. With inflation out of control, this became unsustainable and the Fed decided to change direction. This had a direct impact on prices. Bitcoin started to unravel soon after inflation started to rise
Bitcoin: an appointment with destiny
Bitcoin forecasts are more optimistic in the medium and long term for the following reasons
- With the Federal Reserve reducing the size of its balance sheet and oil prices likely to ease by the end of the year, the economy will improve and encourage a more optimistic outlook towards Bitcoin and cryptocurrencies in general.
- Bitcoin with its limited offering, wide acceptance and recognition has a great use case for sustaining value. It has some gold properties with limited difficulties of supply mining, while it also has some currency properties in the form of acceptance of payments. So owning and buying the coin would not be a bad investment in the long run
- With a market cap of less than a trillion, Bitcoin makes up for almost nothing in the global investment portfolio. So the opportunity is immense.
Risks to these forecasts: During this period of high inflation and likely recession if the destruction of demand is huge, the slowdown could last more than a few months that most predict. On the other hand, if the Russian invasion of Ukraine were to end quickly, could the mood be lifted faster than macroeconomics?
Bitcoin Price Performance in 2022, June 14
|
Bitcoin |
Nasdaq |
Ethereum |
||
|
Last 5 days |
-30.9% |
-9.4% |
-38.6% |
|
|
Ytd |
-56.3% |
-31.7% |
-70.7% |
Bitcoin Prediction and Prediction: How to Invest in Bitcoin?
Getting Bitcoin has been made easier by the day. Currently there are multiple exchanges that offer Bitcoin and other cryptocurrencies. Hew is one step to get Bitcoin:
The first step to investing in Bitcoin is to choose an exchange. There are more exchanges on the market. The most popular are:
- Coinbase
- Binance Car Hire
- Gemini
- Robinhood
- Venmo
The second step is to decide on the payment option. However, once you have decided on the exchange, you need to fund your account. There are several methods to fund your accounts, such as bank transfers from a checking or savings account, PayPal, bank transfers, a cryptocurrency wallet, or even a credit or debit card.
Note: Each exchange has its own costs regarding the financing of your account.
The third step is to place your order. Once your account is funded, you can now place your order depending on the features provided by the exchange.
Once you place your order and complete the transaction, you will own a portion of Bitcoin that will be reflected in your wallet.