The crypto market faced headwinds as Bitcoin (BTC) dipped below $35,000, and the bearish trend affected altcoins like Binance Coin, Solana, and Tron. BTC’s price declined by 3% in the last 24 hours, hovering around $34,300, with a trading volume drop of 25%.
The market’s fear and greed index also slipped from 72 to 65, but overall sentiment remains bullish, with analysts predicting a significant Bitcoin price correction before an anticipated surge. Some projections even suggest Bitcoin could reach $45,000 by year-end. Let’s delve into the analysts’ flabbergasted price insights.
Bitcoin is juggling with the FOMC’s recent meeting, and on top of that, ETF delays are creating added sell pressure on the king crypto. Despite that, renowned crypto analyst @CryptoKingKeyur’s recent tweet thread has set the stage for potentially significant growth in Bitcoin’s value. Predictions point to a surge, with Bitcoin potentially reaching $45,000 by the close of 2023, marking a substantial increase from its current value of around $34,500. In-house models support this projection, reinforcing confidence in Bitcoin’s upward trajectory.
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