Cryptocurrency holders predicted bitcoin’s fall by more than $ 3000 by the end of July

Finbold analysts note that bitcoin experienced a significant surge in value in the second half of June, attracting even more attention from investors and enthusiasts. The media analyzed the crypto flagship’s value estimation function on analytical trackers and concluded that on July 31, BTC will be traded for $ 26,818, which is about 11% lower than the current rate

For comparison, the artificial intelligence used on the PricePredictions platform predicts that by the end of the month, the price of BTC will rise to $ 33,329, which means a 10% increase from the current level.

On the weekly chart, the cryptocurrency experienced a slight drop of 1.6%, although its monthly growth remains stable at over 18%. Since the beginning of the year, BTC has soared by more than 82%, adding almost $ 270 billion in market capitalization over this period.

Bitcoin is currently facing an important challenge as it is testing a resistance zone at around $ 31,000. This zone has been the most difficult barrier for the main digital asset for more than a year. Successfully overcoming this obstacle could potentially open the door to the next resistance at $ 32,500. Further, the correction level is at $ 36,000, but analysts do not predict when BTC will reach this level.

At the time of writing, bitcoin is worth $ 30,398, which is 0.77% higher than yesterday. The market capitalization of the asset reaches $ 638.3 billion, and traders have made daily trading deals worth $ 15.1, an increase of more than 60% over the day. The dominance of the market remains unchanged at 49.9%.

As a reminder, financiers from Standard Chartered have predicted the growth of bitcoin to $ 120,000 in 2024. The reason is the increase in mining profitability.