"Bitcoin has become a victim." What will happen to the cryptocurrency next week

"Bitcoin has become a victim." What will happen to the cryptocurrency next week

Where will the main digital asset move after leaving the range of $ 46-48 thousand and why this should not be expected in the near future

This week, the price of bitcoin fell to $ 45.4 thousand On December 19, the cryptocurrency is traded at $ 47.5 thousand, and its capitalization is $ 900 billion, according to CoinGecko. Experts of "RBC-Crypto" predicted what will happen in the crypto market in the coming days.

The situation is unstable

The most likely scenario for the further development of events is the fluctuation of the bitcoin rate in the range of $ 47-50 thousand for a long time, says Nikita Soshnikov, director of the Alfacash cryptocurrency exchange service. In his opinion, by the New Year, the price of the first cryptocurrency may make an attempt to get out of the range to the mark of $ 55 thousand.

"This is facilitated by the Fed's statement, and the general expectation of high inflation in the US, and the expectation of a repeated increase in the key rate in 2022," the expert explained.

Soshnikov admitted that bitcoin will not have time to accumulate a "bullish" impulse for further movement and may get stuck in the range of $ 52-55 thousand.

Lack of prospects

Bitcoin has become a victim of panic sales that followed the publication of data on record inflation in the United States for almost 40 years, says Artem Deev, head of the analytical department of AMarkets. According to him, this negatively affected all markets, including stock and cryptocurrency.

"Bitcoin is sensitive to the high-tech sector of the United States, and it is in a downward trend in anticipation of a more rapid curtailment of the quantitative stimulus program from the Fed," the analyst said.

According to Deev's forecast, after a long stay in the range of $ 46-48 thousand, bitcoin will begin to decline to $ 40 thousand or lower. Deev explained that the period of decline will continue for a long time, as institutional investors will begin to enter the asset at the lowest price.


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