The quantitative crypto analyst and public figure known as PlanB took to Twitter three days ago to initiate a poll for his 1.8 million followers, in which he asked them to share their predictions for the price of Bitcoin (BTC), the largest cryptocurrency in the world, on December 31.
The vote featured four different choices. The first was “less than $10,000,” then “between $10,000 and $20,000,” then “between $20,000 and $30,000,” and finally “more than $30,000.”
The results of the poll showed that the majority of users believe that the price of bitcoin will be somewhere between $10,000 and $20,000 by the end of this year. 33.4% of the nearly 45,000 people who participated in the poll voted for the option “$10k-$20k,” making it the option with the most votes.
At the time of this writing, one Bitcoin is worth $19,103, representing a decrease of 0.02% over the course of the last twenty-four hours. Bitcoin began a downward trend when the Federal Reserve announced its plan to raise interest rates by 0.75 percentage points in order to control inflation. This move was intended to bring inflation under control.
The price of Bitcoin responded negatively after having difficulty breaking over the barrier level of $19,500. The price dropped below the $18,380 level of support and even touched the $18,150 level. It has begun a corrective rally, with $19,000 acting as immediate resistance. The next major barrier is between $19,500 and the 50-hour simple moving average, over which the price might move to $20,000 or higher.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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Source: Cryptocurrency - investing.com
