Members of the crypto community shared their forecasts for Bitcoin

On October 16, 2023, BTC instantly rose to $30,000 amid a fake about the approval of the first Bitcoin ETF in US history. The revelation of the news led to a wave of liquidations and made members of the crypto community doubt that the tool would ever appear on the American market. Against the backdrop of the incident, representatives of the crypto industry gave a Bitcoin forecast.

Opinions among representatives of the crypto industry about what awaits BTC next are divided. For example, an analyst Michael van de Popp believesthat a fake will not hinder the growth of cryptocurrency. According to his observations, the coin has already entered the phase of positive movement.

“The trend is already upward. Minimums are given to us in order to purchase [криптовалюту]. Sooner or later ETF [на биткоин] will appear on the market. It’s just not going to happen today,” the analyst wrote, explaining his positive outlook for Bitcoin.

Authors of the channel with analytics Root in X (formerly Twitter) also thinkthat the fake did not put significant pressure on the cryptocurrency. In their opinion, the pump of the coin, despite the subsequent correction, on the contrary, helped improve its position.

However, some members of the crypto community considerthat against the background of the pump the coin touched a local maximum. Against the backdrop of the correction, according to those who support the negative forecast for Bitcoin, the cryptocurrency may fall to the area of ​​$19-23 thousand.


Source: Cryptocurrency

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