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  • Writer's picturemicropapa68

Bitcoin (BTC) price action

Bitcoin (BTC) and Ethereum (ETH) have been trending very strongly in recent days, with CoinGlass data showing that the price surge has unwound around $36.6 million in short positions over the past 24 hours, with traders losing money in liquidations About $36.6 million, the most for the month and now last priced at $30,114 (22/06/2023). According to relevant information obtained from the Internet, the future trend of Bitcoin price has great uncertainty and is affected by various factors, such as interest rate, inflation, regulation, etc. Referring to multiple sources, the predicted Bitcoin price covers a wide range.

According to Coinpedia, the price of Bitcoin may reach an average price of $28,434 in 2023, the 2024 price prediction ranges from $47,221 to $56,472, and the 2025 price prediction goes as high as a minimum of $236,105. They specifically mention the 2024 halving event, which has historically been an important factor in price increases.

Techopedia's forecasts suggest that by the end of 2023, the Bitcoin price could drop to $21,525, but by the end of 2025, the price could rise to $45,200 and possibly as high as $53,000. They predict that the bitcoin price will reach $69,000 in 2030, but analysts have forecasts ranging from $160,000 to $1 million.

The WeInvests website predicts that the price of Bitcoin may have a bear market trend in early 2023, but may rise to $200,000 in 2024, predicting a price range of $74,967.47 to $500,000 from 2025 to 2030. CoinWelly’s predictions suggest that Bitcoin’s price could fluctuate between $20,589.19 and $29,765.10 over the next month. PrimeXBT's predictions give a wider range, predicting that the price of Bitcoin by the end of 2023 could be between $18,000 and $50,000.

These forecasts show that Bitcoin prices may be highly volatile and uncertain, requiring investors to make prudent investment decisions and may need to pay close attention to market changes and factors affecting Bitcoin prices.

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