Bitcoin (BTC) may end the year at $80,000

Bitcoin (BTC), a prominent cryptocurrency, has broken above the $ 40,000 resistance level and is now trading at $ 41,500. At the start of the week, Bitcoin fell to a low of 38 thousand dollars. BTC proven its worth by breaking through the $40 thousand resistance level after a quick comeback. This drop at the start of the week had a negative impact on altcoins, prompting panic selling by investors. BTC is expected to rise throughout the summer months, according to cryptocurrency analysts. Altuğ İşler stated "Inflation is a global reality. The investor's funds are running low, and they are seeking for a way to keep their assets safe. In this scenario, I do not anticipate a significant drop in Bitcoin. When the true battle against inflation begins, we can expect a bear season in Bitcoin. As long as we're above $40,000 by June, I believe we'll see $50,000. There is no denying that cryptocurrency markets are incredibly volatile. It's vital to have steely nerves and to perform without setting a specific time on mind." Huobi Global Research Manager Beste Naz Süllü made the following statements: “There is no major reason why Bitcoin shouldn't make the 80,000 move. In fact, when we consider the case of Ripple and the SEC this year, a spot ETF products that can be allowed here can feed Bitcoin up to $ 70,000. Bitcoin contract transactions do not have any spot counterparts. Therefore, with a contract that will be allowed this year, Bitcoin can probably close 2022 close to 80,000. Buying with the expectation that Bitcoin will return can cause you stress when it goes a little lower. But the Bitcoin rich people we hear around today did not become Bitcoin rich overnight. These are the product of five or six years of waiting. When investments are in decline, reducing the cost and extending the maturity may provide additional advantages.”