Cryptocurrency analyst Andrew Kang, in his post of bitcoin He talked about the recent price action and also announced his own forecast for the end of the year.
As it is known, today the BTC price showed a sudden decrease after the data from the USA and saw below $ 23,000. At the time of this writing, the BTC price is trading at $ 23,084.
According to Kang, the bullish momentum in Bitcoin price for the first quarter of the year may have ended. The analyst added that he will accumulate some strong altcoins in the process.
However, Kang also claimed that China could step in at the level of $20,000-21,000 and that there could be some rise.
Analyst Says Bitcoin Price Prediction For Year-End Is In The $30,000 Range
In addition, Kang said that when he thinks optimistically, his Bitcoin price prediction for the end of the year will be as much as $30,000.
However, in an analysis he shared a few days ago, Kang claimed that the Chinese wind started in altcoins and shared his favorite cryptocurrencies on this theme:
“Many who have participated in crypto over the past few years have never witnessed the strength of a Chinese pump as Chinese whales were mostly net sellers from late 2020 to 2022.
They only know the power of Korean pumps.
I can tell you the Chinese economy is 10 times bigger, and so are its pumps.
– $FIL
– $DOT
– $VET
– $EOS
– $ICP”
Kang also reported that there are some views as China’s Bitcoin for Filecoin (FIL) and China’s Ethereum for CFX.
*Not investment advice.
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