empty
10.06.2022 09:56 AM
Bitcoin proponents cool its price forecasts

On the main cryptocurrency chart, there are no significant changes. The sideways momentum continues, leaving a margin for price moves towards the lower border. Against this backdrop, the forecasts are unchanged.

Meanwhile, the crypto community continues to debate the future of the crypto market. However, even BTC best-known proponents have cooled its price forecasts considerably.

Tom Lee, co-founder of independent research firm Fundstrat, was interviewed by CNBC today. He noted that he is not sure that Bitcoin will be able to reach January's opening prices by the end of the year. Nevertheless, the expert suggests that the major cryptocurrency has "already bottomed out."

While many argue that the price could fall even lower in the coming months, bringing Bitcoin to $20,000 or under, Lee believes that underlying strength is worth paying attention to now.

"It's a risk-on asset, so I think to the extent that Nasdaq and Bitcoin rally, it's helping us become more comfortable that the market's already bottomed," he said.

At the same time, Lee brushed off the Terra debacle and redundancies at major crypto companies including United States exchange Coinbase, saying that Bitcoin was "acting far better than people expect."

When asked where BTC price action was headed by the start of 2023, even if correlated stock markets put in gains, the response was less optimistic.

"I think Bitcoin's going to make its way to flat for the year, possibly up," he concluded.

Lee was previously famous for his bullish takes on Bitcoin, among which was a prediction of $200,000 for 2022 made shortly after the latest all-time high of $69,000 last November.

Meanwhile, MicroStrategy CEO Michael Saylor remains unapologetically bullish. In his comments, he firmly brushes aside any suggestion of permanent price downside.

On Wednesday, he said those who had claimed Bitcoin would be banned or go to zero had already been "discredited"."If the deniers are wrong and the skeptics are wrong — and it's pretty obvious they're both wrong at this point — it's not going to zero, and if it's not going to zero, it's going to a million," Saylor forecast.

While nothing new, Saylor being increasingly grates with the downbeat perspective on risk assets across the board in the new era of central bank monetary tightening.

At the same time, Saylor argues that when it comes to buying more BTC for its existing reserves, there is no point in "timing the market."

"We're kind of doing the equivalent of dollar cost averaging for a large corporation. "We're not trying to time the market; I think all the statistics on the S&P and on the Bitcoin index show you can't time the market. We're just reinvesting free cash flows in the market as circumstances allow us."

Meanwhile, the crypto community does not seem to be so optimistic, as not everyone has the opportunity and the challenge to "reinvest free cash flows into the market as circumstances permit".

Today it was reported that the correlation between $SPX and $BTC seems to be close to 1 again.

Notably, the US jobless claims data had little impact on the markets, and on June 10, the US consumer price index will be released.

Other analysts, assessing correlations based on stock market movements, report that BTC/USD could climb as high as $35,000 before entering the next major correction phase.

Meanwhile, crypto traders are comparing the current price movement to the bear market of 2018 and the cryptocurrency collapse in March 2020. This could be a sign of another expected correction.

There have always been differing views in the bitcoin community, especially in times of uncertainty and pressure on the price. However, given a strong technical level, as in the summer of 2021, a reversal could happen at any time.

When it comes to those who, like big investors and Michael Saylor, cannot "reinvest free cash flows into the market as circumstances permit", a speculative strategy based on technical analysis should be chosen.

This image is no longer relevant

It is difficult to draw conclusions about the future direction as long as the price is not out of sideways. However, there is hope that the strong support in the area of $28,000 will hold, as it did last year.

Ekaterina Kiseleva,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

在成功突破並收盤於上升趨勢線下方後,比特幣將於2024年7月4日星期五測試其支撐位Support.1。

比特幣——2025年7月4日,星期五。 比特幣ETF流入約500億美元,顯示出投資者的強烈興趣,因此增強了這種加密貨幣的合法性,這可能引發比特幣的漲勢。

Arief Makmur 07:58 2025-07-04 UTC+2

Ripple 有潛力在 2025 年 7 月 4 日(星期五)調整並走弱至支撐位 2.1924。

Ripple – 星期五,2025 年 7 月 4 日 友好的監管壓力和美國證券交易委員會(SEC)的案件似乎已經停滯不前,加上在衍生品市場中的未平倉利息增加了30%,這些因素可以為Ripple帶來正面情緒。 關鍵水平 1. 阻力位. 2 : 2.5858。

Arief Makmur 07:58 2025-07-04 UTC+2

7月4日加密貨幣市場交易建議

比特幣在11萬美元左右遇到了顯著阻力,近期內很難輕易突破這一水平。以太坊同樣面臨攻上2,600美元的困難。

Miroslaw Bawulski 07:27 2025-07-04 UTC+2

7月3日加密貨幣市場的交易建議

受惠於有利的宏觀經濟條件,比特幣和以太幣的價格再次上漲,達到每週新高。在過去的24小時內,比特幣上漲了2.5%,交易價格超過109,000美元。

Miroslaw Bawulski 08:47 2025-07-03 UTC+2

7月2日加密貨幣市場的交易建議

比特幣延續其修正,在今天的亞洲交易時段達到新的水準$105,000。以太坊也出現大幅下跌,但隨即被買回,穩定在約$2,425。

Miroslaw Bawulski 08:33 2025-07-02 UTC+2

7月1日加密貨幣市場交易建議

比特幣未能守住$108,000的關口,跌至較為可接受的$107,000左右區域。以太坊也在月底顯示出疲弱跡象,無法保持在$2,500上方,回落至$2,460。

Miroslaw Bawulski 08:55 2025-07-01 UTC+2

本週可能影響加密市場的關鍵事件

比特幣已經回落到108,000美元以下,而以太坊在週末短暫升至2,500美元以上後再次回落。顯然,交易者將密切關注本週即將發布的幾項宏觀經濟數據,以及在歐洲央行論壇上發表演說的央行決策者的言論。

Jakub Novak 14:53 2025-06-30 UTC+2

6月30日加密貨幣市場的交易建議

比特幣和以太坊在週末持續增長,即使在主要加密貨幣接近其歷史高點的情況下,也顯示出穩定的需求。當大家都在期盼比特幣即將突破112,000美元的水平時,我發現了一些關於2025年上半年的駭客攻擊和盜竊的相當有趣的報告。

Miroslaw Bawulski 09:30 2025-06-30 UTC+2

6月27日加密貨幣市場交易提示(北美交易時段)

比特幣再次嘗試回到108,000美元的水平,但未能維持並向下修正,跌破107,000美元,這一走勢可能導致該工具的更大規模拋售。 與此同時,許多專家認為比特幣很快可能會超過先前的歷史高位112,000美元,尤其是在伊朗-以色列衝突看似暫告一段落的情況下。

Miroslaw Bawulski 15:47 2025-06-27 UTC+2

又一大型企業宣布籌集10億美元購買比特幣

加密貨幣市場顯示出強勁的信心。鑑於其與美國股市的相關性——歷史高點不斷刷新——有理由期待數位資產進一步增長。

Jakub Novak 10:50 2025-06-27 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.