Bitcoin's WILD RIDE: July 2021- July 2022
It has been a WILD RIDE for Bitcoin over the past year: July 2021- July 2022. After reaching a high price of $68,000 US on November 9, 2021, Bitcoin has fallen back to reality with a closing price of $23,336.90 US on July 31,2022. How far can Bitcoin fall in 2022? Well based on FB Prophet, Bitcoin could fall as low as $10,000 US by the end of August 2022. See the chart below. A price of $10,000 US by the end of August 2022 is highly unrealistic; however, to be clear, in June 2022 Bitboy Crypto and others had predicted a possible drop in Bitcoin's price somewhere between $20,000 - $10,000. Bitcoin has reached these low price levels and has maintained a floor price of $20000. This is one of the main reasons I haven't posted in a number of days. It has been difficult to make precise statements about Bitcoin's price and potential price during the last few months. I didn't want to post anything until it was clear that Bitcoin's price had stabilized. ...