Sirwin
Sirwin

Bitcoin price prediction

By SimpleLearn | SimpleLearn | 31 Aug 2022


On Friday, the US Federal Reserve Chairman Jerome Powell said that, despite possible negative consequences, the regulator will continue to adhere to the rate hike policy. This news caused an immediate decline in BTC and continued decline on Saturday and Sunday.

SimpleLearn currently considers two most likely to happen scenarios for BTC.

  1. BTC price decrease slows down and enters an accumulation phase in the price range from $19,000 to $20,000. Against the backdrop of growing volumes, BTC begins to return to an uptrend.

  2. In the light of negative sentiment in the markets and the continuation of the Fed's rate hike policy, BTC’s price will continue dropping as part of the global downtrend to price levels from $14,000 to $12,000.

 

P.S. The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research. This text is not a guide to action. 

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SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!


SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!

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