In a survey of the cryptocurrency community by CoinMarketCap, the price of Bitcoin (BTC) is expected to trade around $53,000 by the end of December.
Community wiped $12,187 off Bitcoin (BTC) price
Cryptocurrency data statistics platform CoinMarketCap has recently launched a new product where users make price predictions for their favorite cryptocurrencies every month. A new tool, ‘Price Forecasts’, allows users to make price predictions for the next six months and see what other people think of them in real time.
Interestingly, the crypto community’s social Bitcoin price predictions show a median price of $53,040 on December 30, 2021, which is $12,187 (or 20.68%) lower than the current Bitcoin price of $62,625. At the time of publication, 80,468 people voted to arrive at the average price estimate. The CoinMarketCap survey yielded the following results:
Also, although many prominent cryptocurrency analysts predict the second leg of a bull run has begun, forecasts suggest that the Bitcoin (BTC) price will continue to drop in late December and early January, until next year. Specifically, the community estimate differs greatly from the S2F model targets of Plan B, which predicts that BTC will trade at $98,000 by the end of November and around $135,000 by the end of December, based on equities.
Historical trends suggest that Bitcoin price could reach parabolic levels before the end of this year, but any so-called black swan event could shatter investors’ ATH hopes. For example, cryptocoin.com Concerns that the Chinese Evergrande Group, which we quoted as A.D., defaulted on its $148 million bond payment, sent shock waves in the cryptocurrency markets, causing an average of 5% depreciation.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.