Analysts hold their $250K Bitcoin price target even as BTC falls below $60K
Crypto markets take a turn for the worse after hitting record highs earlier in the week, with Bitcoin down 6% near the $60,000 level. Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market's strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader eyes $56,000 minimum BTC buy-inData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as....
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American venture capital investor Tim Draper still believes in a bitcoin price prediction he made in mid-April 2018, at the Draper University blockchain party. At the time, Draper said that he thinks bitcoin could reach $250K by 2022, and during an interview with CNBC’s Jade Scipioni this week, Draper reiterated his six-digit bitcoin price forecast. Tim Draper Envisions Six-Digit Bitcoin Prices by Next Year Tim Draper, the venture capitalist who has his hands in a myriad of blockchain and crypto companies, discussed his bitcoin (BTC) price prediction with CNBC this week. Draper is....
The crypto market has recorded massive losses since May 2022. After the Federal Reserve announced and kicked off interest rate hikes, prices tanked due to selling pressure. Many crypto investors and operators of diverse solutions have faced different crises from market moves. But it seems the end is not near yet. Even as the Merge date has finally come, analysts predict a price plunge for Bitcoin. Going by past market moves, a fall in BTC price causes altcoins to plummet and vice versa. So, this analysis is not what investors expect. Related Reading: Binance Coin Struggles Below $290....
The American venture capitalist and founder of Draper Fisher Jurvetson (DFJ), Tim Draper, is still confident in his bitcoin prediction that says the crypto asset will tap $250K per unit. Draper said in April 2018, at the Draper University blockchain party, that he predicted: “$250K by 2022.” At this year’s Web Summit 2022 event, Draper said he “extended” his forecast “by six months,” as he now predicts bitcoin will tap that price range “by mid-2023.”
Tim Draper Says Bitcoin to Hit $250K by Mid-2023
Tim Draper spoke....
Bitcoin plunged roughly 12 percent on Thursday, breaking below critical support levels to target $30,000 for a potential pullback. The sell-off occurred despite a positive risk-on sentiment across the traditional markets. That prompted analysts to blame a flurry of fundamentals, ranging from the US Treasury Secretary Janet Yellen’s remarks on Bitcoin’s use for illicit purposes […]
Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that could see it retest the $1,500 resistance. But this would only last just a little above $1,200....