Experts change their 2022 Bitcoin price prediction, and no it’s not close to $100K

ambcrypto.com:

After seeing a 50% drop in price from its peak last year, Bitcoin has been down the recovery road. It has gained close to 4% in the last 24 hours and has been hovering near $37,800 at the time of writing. While it is yet to breach the crucial support level of $40,000, the Bitcoin Fear & Greed Index seems to have stabilized at 24 from 28 January.

— Bitcoin Fear and Greed Index (@BitcoinFear) January 29, 2022

Having said that, 40% of BTC investors are not making profits off the current price levels. So, will the $100K price prediction be fulfilled any time soon?

As per estimates by industry specialists, a recent Finder’s report note that Bitcoin can be worth $76,360 by the end of 2022. It stated,

“Bitcoin (BTC) is expected to peak at US$93,717 this year before dropping to $76,360 by the end of 2022, according to Finder’s panel of 33 fintech specialists. This is roughly 60% higher than the price of Bitcoin at the beginning of 2022.”

Therefore, $100K is not on Finder’s cards as well. Having said that, the token can breach the level over the coming years. The report further notes,

“By the end of 2025, the panel predicts BTC will be worth $192,800 and climb to $406,400 by the end of 2030.”

Furthermore, the report pointed out that the conservative predictions are on the back of potential interest rate hikes. This was also believed to be one of the contributing factors to Bitcoin’s price weakness earlier this year. We can recall that the market mayhem and low investor confidence followed Federal Reserve’s Tapering announcement during that time.

Panxora Group CEO Gavin Smith, who had an end-of-2022 prediction of