Finder’s Bitcoin Prediction Report Expects BTC to Bottom at $13,676 and End the Year at $25,473

Finder.com has published a new prediction which says that bitcoin ( BTC ) will fall to $13,676 this year according to 53 surveyed fintech experts. The report states that experts believe the bottom will be at $13,676 per Bitcoin. However, they expect the top crypto asset to finish the year at $25.473.

The panelists’ predictions are very similar to the 80% drop theory. BTC lost more than 80% from its all-time high in every major bear market. BTC has fallen 72% from the November 10, 2021 all-time high of $69K (ATH).

Bitcoin.com News published in June on how prices would look if BTC, Ethereum followed similar bear market patterns to previous years. It is estimated that a drawdown of 80% from Bitcoin’s ATH in November 2021 would amount to approximately $13,800 per unit.

Finder’s prediction report shows that BTC will have a 2022 bottom price that is slightly lower than the ATH. Morpher CEO Martin Froehler has a different outlook and expects a lower bottom price. According to Froehler, BTC is likely to drop to $12K per unit before rising to $40K at the end of the year.

Froehler explains that it is reasonable to expect more large projects to fail within the next few months in the Finder’s prediction report. Due to global economic uncertainty, inflation and historic lows in retail sentiment, Highly leveraged miners who have just digested the China exodus will give in and increase the downside pressure. We will see lower Bitcoin prices.

46% of Finder’s Experts Foresee the Bear Market Continuing Into 2023

Finder’s research further shows that although only 29% believe that the crypto bear market will end this calendar year, 46% believe that the crypto winder could continue until 2023, and 24% believe that it could extend to 2024. Paul Levy is a senior lecturer at University of Brighton. He estimates that the bear market will continue to 2023, and bitcoin will close at $15K per unit before rebounding.

“Bitcoin will likely rebound in 2023, which could lead to higher expectations and further instability,” the University of Brighton senior lecturer said. The impact of world events, such as the conflict in Ukraine and the ongoing impact of global confidence on global confidence, will play a significant role,’ a University of Brighton senior lecturer stated.

Finder.com has published many crypto price predictions reports. However, the forecasts are only guesses and conjecture. Finder’s researchers did a poll about Terra’s LUNA right before the crypto asset’s death. A large number of Finder’s experts expressed high hopes for the future value.

The LUNA poll showed that Finder’s experts forecasted that LUNA (now known as luna classic) would reach $143 by the end of this year. It is hard to imagine luna classic (LUNC), reaching $143, considering it trades at $0.00009522 an unit.

Vetle Lunde (an Arcane Research analyst) predicted that bitcoin would reach its lowest point at $13K per unit, and then peak at $20K by 2022. Lunde stated that bitcoin’s strength has been weakened by a variety of negative factors. Investors should be prepared for more trouble as tightening and unwinding bad crypto debts will cause sobering times.

Last April’s prediction report by Finder had indicated that panelists believed bitcoin would reach $179,280 in 2025 and $420,000.240 by 2030. However, today’s predictions are lower as fintech experts from the most recent report have estimated BTC will be worth $106,757 in 2025, and $314,314 in 2030.