Martin Froehler thinks that the price of BTC will fall to USD 12,000 before rising to USD 40,000 in late 2022. Specialists thought Bitcoin would be worth USD 65,185, but the forecast fell by 61% in a few months.
The price of Bitcoin (BTC) might drop further before the end of the year, according to cryptocurrency and Web3 specialists. They say BTC will reach a low of USD 13,676 in 2022 before ending the year at around USD 25,473.
Martin Froehler, CEO of Morpher, believes BTC will drop to USD 12,000 before rising to USD 40,000. He notes that larger projects may fail due to global economic uncertainty and inflation in the coming months.
Froehler believes that the high-debt Bitcoin miners who digested the massive emigration from China will capitulate and increase downward pressure. Likewise, he predicts that the pioneering cryptocurrency will have lower prices.
The decline that the price of Bitcoin has suffered reflects the situation in the overall market. In line with that, most specialists agree that an official crypto winter has arrived.
The Prediction of the Bitcoin Price and the Crypto Winter
Nobody knows how long the crypto winter will last, but some FinTech specialists believe the market will recover this year. Other experts say that this bearish period will last until 2023 or 2024.
Paul Levy, a senior lecturer at the University of Brighton, thinks the crypto winter will last until the second half of 2023. He forecasts that the price of BTC will be around USD 15,000 by the end of this year.
The educator believes Bitcoin may recover in 2023, creating inflated expectations and further instability. Much of it depends on international events like the war in Ukraine and its impact on global confidence.
Vetle Lunde, an analyst at Arcane Research, thinks the minimum price of BTC will be USD 13,000. However, the expert foresees that it will increase to USD 20,000 by the end of the year.
It Is Necessary to Wait Many Months for the Price Recovery
Asher Tan, the CEO of CoinJar, states there has been a macroeconomic shift toward higher interest rates. That move has negatively affected asset prices, highlighting the dangerous practices of CeFi yield providers.
The specialist believes the situation will take many months to settle, making it difficult to find new bidders to drive sustained growth.
Dimitrios Salampasis, the chief technology officer at Swinburne University, believes the cryptocurrency market is suffering from contagion. He argues that this is due to the high level of interconnectivity and the lack of proper regulation.
Furthermore, he comments that many quasi-DeFi and quasi-CeFi schemes fail to deliver, demonstrating the weak foundations of the cryptocurrency market. He says that cryptocurrencies are susceptible to external market and economic forces.
An Adjustment in the Prediction of the Price of Bitcoin
Average price predictions for BTC plummeted this year. In April, specialists thought Bitcoin would be worth USD 65,185 by the end of 2022. However, the average forecast has fallen by 61% in just a few months.
However, predictions for the value of the cryptocurrency in 2025 and 2030 have dropped less sharply. They have remained above the all-time high of almost USD 70,000 the price of Bitcoin reached in November 2021.
Most specialists agree on long-term bullish price predictions. Fifty percent say it is time to buy BTC, forty percent say they will stay, and ten percent say they will sell their holdings.
By Alexander Salazar
