Bitcoin Price Predictions
The price of Bitcoin (BTC) has recently retraced from its yearly high of almost $38,000 in mid-November. However, some analysts believe that the asset’s valuation could reach a new peak before the year ends.
One such analyst is EGRAG CRYPTO, who predicts that BTC might soar to around $41,000 sometime next month, based on certain resistance levels. They also suggested that Bitcoin could fall below $32,000 before surpassing the $40,000 level.
Another analyst, KALEO, shares the same sentiment, predicting that BTC might rise to $40,000 by the end of December. However, they also warned of a potential correction to around $34,000 before reaching this peak.
$41K Before New Year’s Eve?
Twitter analyst EGRAG CRYPTO anticipates Bitcoin could potentially reach around $41,000 by the end of the year, following a recent retracement from its yearly high, and possibly after correcting to around $34,000.
KALEO’s Viewpoint
Analyst KALEO also predicts that Bitcoin might hit $40,000 by December, possibly after correcting to around $34,000.
Hot Take
Bitcoin is expected to continue its volatile movements, with analysts predicting potential highs of $41,000 and falls to $32,000 before the end of the year.
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