BTC future according to my analysis
Honestly, it is actually quite impossible to predict this market especially for Bitcoin (BTC) because the market is very volatile so however, as per trend analysis here are some predictions for the next three months that I have made.
Bitcoin Price Prediction:
First the situation with Bitcoin has also become quite stable in recent months and its value gradually increases so consequently, the trend of the Bitcoin seems to continue in the similar tendency in the next three months indicating that the price might go higher. Institutional adoption, macroeconomic factors, and regulatory changes will make up a large part of the reasons that make up Bitcoin’s price movement.
Market Trends:
And in the broader market there are likely to be more and more focus and business investment in cryptocurrencies as a class and the use of new formats within DeFi which is (Decentralized Finance) projects may attract even more attention in the future and cryptocurrencies will maintain relevance to the current world phase with NFTs (Non-Fungible Tokens) extending its tentacle to other connected industries and sectors of the economy such as gaming and real estate among others.
Regulatory Environment:
Abour the regulatory changes it shall continue to be a major mover of the market in particular, concerning cryptocurrencies. Availability of credit information and regulatory enhancement generates market confidence in the equities market so such a market can be volatile and unpredictable due to regulatory actions or otherwise unfavourable policies.
And other cryptocurrencies should rise in like with the Bitcoin, although many altcoins demonstrate the capacity for expansion in their projects and investing on promising altcoins with fundamentals and practical application in the real economy may go a long way in reaping ‘big’ for investors thats just my idea.
In conclusion the cryptocurrency market is inherently unmanageable in the long term but it is manageable in the short term through knowledge updates, research and risk spreading, so as to grasp the development opportunities in the dynamic crypto market invest wisely my dear steemians have a lovely week.
Thanks for reading my post I'm inviting @eluustanley, @rad-austine and @roselove to participate.
Cc:
@khursheedanwar
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