Deutsche Bank: Bitcoin price could reach $28,000 by the end of 2022
According to forecasts of Deutsche Bank strategists, by the end of 2022, bitcoin will be able to win back minimally and return to the $28,000 mark.
The largest digital currency has been holding around $20,000 for two weeks. It was able to bounce back after a heavy fall in mid-June. Today, the BTC exchange rate has again fallen below $20,000 amid the withdrawal of capital from risky assets.
Deutsche Bank analysts do not rule out an increase in the value of the cryptocurrency by more than 30% in the coming months. The correlation of bitcoin and the Nasdaq and S&P 500 stock indexes has remained high since November.
As soon as the S&P 500 indicator begins to strengthen, BTC will immediately begin to add value.
According to the bank's strategists, the growth of business activity in the United States and the return of capital to the technology sector are expected by the end of this year.
The rapid resumption of the rally is hindered by increased pressure on the cryptosphere from regulators.
In addition, the crisis faced by hedge funds and crypto companies negatively affects the attractiveness of digital currencies.
The most striking examples are the Celsius platforms and the hedge fund The Three Arrows Capital, which faced a lack of liquidity due to the recent market decline.
https://coin-signal.com/technology/deutsche-bank-bitcoin-price-could-reach-28000-by-the-end-of-2022/
#2022, #28000, #Bank, #Bitcoin, #Could, #Cryptonews, #Deutsche, #End, #Price, #Reach, #Technology
#CryptoNews, #Technology