Bitcoin, which attracted attention with its sharp decline in the past days, made investors nervous.
Undecided movements continue in BTC, which is traded in the $26,000 band after the sharp decline. While these movements are taking place, forward-looking forecasts continue to come from analysts. The last name to express his views on the subject was the successful analyst Kripto Poyraz.
Drawing attention with his analysis, Kripto Poyraz stated that some members of the US Federal Reserve Fed gave the signal for relaxation and stated that there would be a serious volume increase in the last quarter of the year. The analyst, who also shared the year-end target in Bitcoin, made the following statements:
Complying with the report published in the last quarter of 2022, the Fed underlined the 2% target emphasis on inflation especially in the 2nd and 3rd quarters of 2023. This was the biggest reason for the low volatility and price stagnation in the last two quarters. It should not be overlooked, in the last report, the members gave signals that tightening created a funding problem and loosening.
I think that in October, which is the last quarter, along with September, cryptocurrencies will receive large volumes. Technically, all the data is already in the direction of the bottom and the future of the rise. As I did not expect a new bottom, the first target is 35K and I think BTC will be $ 52 thousand by the end of the year.
Underlining that he does not expect a new low in Bitcoin, the analyst drew attention with his year-end forecasts of 35,000 and 52,000 dollars. On the other hand, he said that many data support this view.