Specialists Expect Bitcoin Back To $65K By End Of Year, Survey Finds

Bitcoin had a bearish weekly close, as the price dipped further below $40,000. The benchmark crypto has experienced low volatility in the past week, but the market could see more action as the monthly close approaches. Related Reading | Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours At the time of writing, Bitcoin trades at $38,900 with a 2% loss in the last 24 hours. In the short-term, market sentiment seems to be turning bearish as market participants expect more downside price action. The long-term trends opposite and market participants seem more optimistic about BTC’s future performance. A recent survey conducted by Finder asked 35 industry experts about their price expectations for Bitcoin by end of the year. The result put the first crypto by market cap back to $65,000 by that period. In addition, the experts expect BTC’s price to continue its multi-decade long rally to $179,000 by 2025 and over $400,000 by 2030. As seen below, the long-term expectations for the cryptocurrency remain in the green. As noted by Find, the panel changed their short-term views for BTC’s price. The same survey was conducted in January and experts predicted Bitcoin to hit a new all-time high at around $75,000 by the end of 2022. The experts have different opinions on BTC’s short-term performance. Two experts believe Bitcoin could stay rangebound for the entirety of 2022. In that sense, Bitcoin could stay stuck between...