The entire crypto market took great strides toward mass adoption in 2021 and now that the year is nearly complete, analysts are setting their price targets for 2022.
Many analysts supported calls for a $100,000 (BTC) price before the end of 2021 and although this seems unlikely, most investors expect the key price level to be tackled before Q2 of 2022.
Here’s a look at some of the Bitcoin price predictions analysts are expecting in 2022.
Bitcoin is still on track to surpass $100,000
Analysts has been more reticent in providing off the cuff Bitcoin predictions ever since PlanB’s stock-to-flow model incorrectly predicted a $98,000 BTC price by the end of November, even though the model had been spot on from August through October.
While some traders are now questioning the validity of the stock-to-flow price model, crypto analyst and pseudonymous Twitter user ‘DecodeJar’ still sees BTC surpassing the $100,000 price point within the next few months and according to the analyst, the price could climb as high as $250,000 by the end of 2022.
#Bitcoin top sliding scale model.
1/ Conservative/Early projection:
Halving-to-top projected at same rate: 7 Jun 22.
2.618 Extension in Wave 5: $190,233.
2/ Extreme/Late projection:
Bottom-to-top projected at same rate: 19 Dec 22.
3.618 Extension in Wave 5: $251,971.
— Steve⚡ (@decodejar) December 12, 2021
As shown in the tweet above, DecodeJar sees Bitcoin hitting a ”conservative price target” of $190,233 by June 7 based on Elliot Wave extensions and Fibonacci retracement levels.
In a follow-up tweet, DecodeJar cautioned that:
“Projections of future price and time are only a guide, but combining this range with other indicators as we get closer, can allow for a clean exit near the top. I favor the more conservative end of the scale ~$190,000.”
Regulations are coming in 2022
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