When growth begins: investors gave a forecast of bitcoin
Date: 2023-07-03 Author: Karina Ziganova Categories: BLOCKCHAIN
The most capitalized cryptocurrency, Bitcoin (BTC), has been sideways since the twenties of June 2023. All this time, the coin is trading near $30,000.
Many members of the crypto community are confident that a protracted sideways trend will be crowned with growth and reaching new local highs. For example, the popular crypto blogger CryptoGodJohn believes that a positive movement may start at the beginning of next week. At the same time, his bitcoin forecast implies a slight correction with a descent under $30 thousand before the start of active growth. It is the decline, in his opinion, that will give BTC the necessary impetus to move to new local highs.
The growth prospects of BTC are also seen by the analyst Doctor Profit. In his opinion, the cryptocurrency runs the risk of spending July in a sideways trend - between large liquidity pools. At the same time, in the end, balancing in place, according to Doctor Profit, can open the way for BTC to grow. His bitcoin price forecast does not rule out a move to new local highs at the end of the month.
Crypto enthusiast Mark Kalen gave a less optimistic forecast for bitcoin. He believes that BTC has an opportunity to update the local maximum in the near future. At the same time, Mark Kalen sees the prerequisites for the correction of the cryptocurrency to the area of $27 thousand by mid-July. A return after the descent to $30,000, in his opinion, could result in an even more serious correction. The prospects for BTC's behavior at the end of July depend on market conditions, the details of which will be known later.
