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Where will the price of Bitcoin go in the near future?

BTC showed positive dynamics on news of the likely approval of a spot Bitcoin ETF in the United States. In anticipation of the next decision on the Fed interest rate, which will become known on September 20, members of the crypto community gave a Bitcoin forecast. We tell you what investors expect from BTC.

Many members of the crypto community are confident that BTC will continue to grow. For example, Yoddha analyst believesthat BTC has a chance to update its local maximum in the near future and head towards $50 thousand at the end of the year. At the beginning of 2024, on the eve of halving, Yoddha expects Bitcoin to correct to $30 thousand.

Crypto blogger Crypto Rover, in turn believesthat a positive forecast for Bitcoin can be realized in the event of a breakthrough of resistance near $27 thousand. Then, in his opinion, BTC will head towards $32 thousand.

The resistance line that Bitcoin needs to break through to grow to $32 thousand, according to the blogger

Blogger believesthat problems in the US economy will push BTC to growth.

Bitcoin’s outlook is also positive supported analyst Michael Wang is Popp. In his opinion, the revival of altcoins also indicates that the market is entering a growth phase.

Among other arguments that support a positive forecast for the Bitcoin exchange rate, members of the crypto community allocate an expanding wedge on a coin chart. The completion of the figure, from the point of view of technical analysis, may mark BTC’s growth.

However, not all participants in the crypto community are confident that Bitcoin will be able to realize a positive movement. Negative forecasts do not rule out a decline in BTC to $20 thousand.

Source: Cryptocurrency

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