With the devastating COVID-19 pandemic and a global economy collapsing before our eyes, both retail and institutional investors have been looking for ways to allocate their capital to assets that promise good returns in the medium to long term. A precious metal such as gold is a great option, although this particular market may be inaccessible to some due to the high barrier to entry.
At the same time, more and more people are coming to realize that buying and holding (or trading) Bitcoin (BTC), even a small portion of it, is one of the safest bets against a collapsing economy, despite the cryptocurrency's inherent volatility. This is why there are fewer people questioning whether Bitcoin is a good investment compared to even 2017. The price of BTC has become a hot topic lately as the mother of all cryptocurrencies is making progress in renegotiating Bitcoin's highest price level of $20,000, set on December 17, 2022. However, a wise investor should always think far ahead and ask himself or herself how much Bitcoin will be worth in 5 years. We would also like to offer our BTC price forecast for the next 5 and 10 years, taking into account Bitcoin price history and its fundamental value.
Analytical portal
A quick analysis of the current situation in the Bitcoin market
Needless to say, since PayPal announced that it is entering the cryptocurrency space, offering its 360 million users the ability to buy Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) directly from its online -mode. Payment platform, Bitcoin price is pumped up more than Arnold at Muscle Beach Venice. The performance profile of the first cryptocurrency is as follows: 87.4% growth against the dollar in 1 year; 42.3% increase over the month; Price increase of 5.4% over the last 7 days. This undeniably bullish trend has had a significant impact on the balance of power on Bitcoin's historical chart.
1-Month BTC/USDT Chart It doesn't take in-depth technical analysis of BTC to see that the bulls are pushing the price to an all-time high more thoroughly than in 2022, as the current monthly candle opened above the close of the candle that ended the bull market three years ago, and whose top wick literally punctured the crypto bubble and caused it to burst. But now that they have momentum on their side, as Stochastic shows, there is less and less doubt that we are entering the second bull market in cryptocurrency history. The current price of Bitcoin is $16,300 following a 2.2% increase in the last 24 hours. The chart below clearly shows a sustained bullish trend that has been gradually gaining strength over the past 30 days.
BTC/USD Price Chart - 30 Days Our proprietary BTC price forecasting algorithm, which takes into account the performance of the Crypto Volatility Index (CVIX), projects that the USD price of Bitcoin will see another 36.3% increase over the next 30 days.
Bitcoin price forecast for the week
Bitcoin has formed a descending triangle on the 4-hour chart. As a rule, such a triangle breaks down, not always, but more often.
In our opinion, what would the doll do to get the crowd going again?
Bitcoin chart
To break through this triangle downwards, recruit the maximum number of marginers (shorts with leverage of 10x - 100x) on this fall and carry them all upward with an impulse, and the subsequent entry of longists would give fuel up to 70k and up to 100k - easily.
What's next for Bitcoin in 2022?
Bitcoin Price Forecast Chart - 1 Year The Bitcoin price chart for the year ahead confirms that the uptrend will continue during this time period. Our BTC price forecasting model suggests that in 6 months, BTC will be worth $28,330 (74.6% upside), while the 12-month forecast suggests BTC will be worth $38,104, a price increase of 135%. This price expectation is supported by the fact that FOMO around the cryptocurrency has not even taken effect yet, as Google Search data still shows that interest in BTC remains quite low, especially compared to 2022. Additionally, the majority of BTC price searches come from developing countries, which is great for adoption purposes, but also signifies the fact that retail investors from advanced economies have not yet bought into this model. Once they do, the value of Bitcoin in US dollars will increase exponentially, so there is no doubt that the all-time high will be reached and surpassed during 2022.
Stablecoins are being printed for billions of dollars every day
1.1 billion USDC was printed on Coinbasa. The stablecoin is already printed as USDT (Tezer).
Record seal of USDC stablecoin
Now there is a record number of stablecoins on cryptocurrency exchanges, according to analytical companies, these USDT, BUSD, USDC, etc. are not exchanged for fiat money and are not withdrawn from exchanges, they lie in accounts and are waiting for one thing - a purchase!
