Bitcoin is facing uncertain times today. Some cryptography experts go so far as to establish a most alarming forecast for the months to come. Enough to shake the Bitcoin market and provoke contrasting reactions regarding the future of the flagship crypto.
Fall of Bitcoin: Fears come true
The price of BTC has decreased by 2.51% over the last 24 hours. This recent fall in Bitcoin has exacerbated the concerns of crypto investors who anticipate an even deeper dive. In any case, this is what the Deutsche Bank investigation reveals.
According to The report established by Deutsche Bank, Bitcoin could experience a drastic fall by the end of the year. We talk abouta price falling below $20,000. This pessimistic crypto forecast is based on the opinions of more than 3,600 US, UK and European consumers.
Such a reduction would represent a significant reduction of $48,821 compared to the current price of Bitcoin. Which will bring the value of BTC back to levels seen during the long crypto winter of 2022.
BTC price: Crypto outlook remains mixed
In the survey conducted by Deutsche Bank, 40% of respondents were confident that Bitcoin would continue to thrive. 8%, however, anticipated the imminent disappearance of the largest crypto asset in the world.
Other data: Only 10% of respondents predict that the price of BTC will reach $75,000 by the end of this year. Such is the case for Anthony Scaramucci, founder and managing partner of Skybridge Capital. According to him, the Bitcoin halving (scheduled for April 20) and the success of ETFs constitute bullish signals for the flagship crypto.
Bitcoin therefore finds itself at a crossroads. Between gloomy forecasts and measured optimism, the future of cryptocurrency remains a hot topic. To be continued !
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