Bitcoin to touch USD 35-45k by October 2023 ?

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By Tapan Moharana

Biznextindia : Though Bitcoin prices witnessed marginal decline of 0.17 percent in the last 24 hours, it has managed to sustain above the USD 22,000 mark. After crossing the USD 23,000 mark on Sunday, it has slipped to intraday low of USD 22,371.97 at 2.25 am Monday and currently ( at 10 am IST Monday) at USD 22,709. Overall, the world’s first cryprocurrency has risen by 7.75 percent in the last one week.

“The price of Bitcoin has risen by 7.75% in the past 7 days. The price declined by 0.17% in the last 24 hours. In just the past hour, the price shrunk by 0.21%. The current price is $22,709.00 per BTC. Bitcoin is 66.99% below the all time high of $68,789.63. The current circulating supply is 19,269,837 BTC” according to crypto trading platform Coinbase.

Analysts predict Bitcoin to rise to 35-45k by October 2023, then another correction might happen, after this real boom of bitcoin may happen.

According to crypto analyst Michael Van de pope crypto prices will continue to rise in the long run amid economic uncertainties across the world. “Bitcoin will see another resistance to USD 18k, but then its further rise to USD 35-45k by October 2023. Following this another correction in Bitcoin prices might take place after which the real boom will start” he said.

Meanwhile, during the last 24-hours Etherium has increased by 0.50 percent and is currently trading at USD 1631.53. In the last 7 days, the prices of Etherium has increased by 3.97 percent.

“The price of Ethereum has risen by 3.97% in the past 7 days. The price increased by 0.35% in the last 24 hours. In just the past hour, the price shrunk by 0.20%. The current price is $1,631.53 per ETH. Ethereum is 66.65% below the all time high of $4,891.70. The current circulating supply is 122,373,866.218 ETH” according to Coinbase.

Another coin Solana has risen over 5.69 percent in the last 7 days and is currently trading at USD 24.57.  It has declined by 2.42 percent in the last 24-hours.

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