Experts predict that Bitcoin could drop to $10k in the next months.
Experts predict that Bitcoin could drop to $10k in the next months.

  • According to experts, the price of BTC is approaching a generational bottom.
  • Furthermore, it has been suggested that the bottom for BTC might be as low as $10k.
  • Currently, BTC offers investors a once-in-a-generation chance to acquire.

Many cryptocurrency aficionados are enthusiastic about the future worth of Bitcoin, while many others are gloomy, as the global crypto market is now trading poorly and the price of BTC is falling (BTC).

The fact that the price is approaching a generational low is positive news for BTC. The bad news is that it might only be a few months away and that the bottom might be as low as $10,000.

According to reports, the increase in inflation expectations and bad policy decisions by central banks worldwide served as the catalyst for BTC reaching this level. In other words, these elements worked in concert to set up the ideal situation for the anticipated BTC bottom at the $10k mark.

Notably, some cryptocurrency traders think the opposite is true because selling pressure has already risen to unnaturally high levels as a result of occurrences like the Luna Foundation Guard selling $2.4 billion worth of its Bitcoin reserves, Celsius declaring bankruptcy, and Three Arrows Capital being liquidated.

The good news is that BTC has reached the stage where it will offer investors a generational buying opportunity (GBO) over the coming few months.

Bitcoin / TetherUS 1D (Source: CoinMarketCap).
Bitcoin / TetherUS 1D (Source: CoinMarketCap).

BTC is presently worth $19,222.20 as of the time of writing, according to CoinMarketCap, having falling by 1.06 percent in value over the previous day and hitting a high of $19,714.34 during that time. Additionally, over the past seven days, BTC has decreased by 9.66%.

The 24-hour trading volume for BTC is at $26,620,428,933, a decrease of 18.27 percent. BTC's market capitalization is at $366,366,068,524.

Disclaimer: The author's views and opinions are the only ones stated in this piece; they do not necessarily represent those of SNB. Nothing in this piece of writing should be taken as investment advice. All users are urged by SNB to conduct their own research before making cryptocurrency investments.