Bitcoin Mixed Price Predictions : Market Dip | Buy/ Sell or Hold?

A panel of industry players gathered by comparison website Finder predicted that Bitcoin could go to $93K or more this year and by the end of 2025 it may go to $193,000. However they were not much optimistic then in the month of October.

Taking the average of the responses from the panelists, Finder came up with the predicted price for Bitcoin to be as high as $93717 in 2022 and by the end of the 2022 it's expected price could be $76,360.

With the rise in interest rates in the US, half of the panelists stated that they don't expect the prices of Bitcoin fall while 19% stated that think that the price will likely to fall.

The demand for the number one crypto is gaining attraction among more traditional investors which is driving up demand for crypto.

Some of the panelists were very bullish about Bitcoin by saying that Bitcoin will reach to $220,000 this year. While others don't think the same and saying that Bitcoin may not go above $60K this year because of the deflation of bubbles created by the US Federal Reserve.

Now that the prices of Bitcoin and other cryptocurrencies are having a big dip in it's prices not what the recent investors may have expected before buying and some may have sold in panic which again doesn't seem to be a good decision to take.

Out of the panelists 61% said that it's the time to buy Bitcoin. 10% of the panelist said that Bitcoin should be sold at present price while 29% said that it's good to hold Bitcoin who have bought already bought it.

Again, we have a mixed feeling and this is what we see in the crypto market. Some people sell their cryptos in panic by seeing the prices taking the dip. Some will stay okay with it and they would like to hold with an expectation that it could bounce back again while others see the dip as a chance to buy.

It's not a financial advice.

Posted Using LeoFinance ^Beta