WebsCryptoWebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Guides
  • PR
  • Sponsored
WebsCryptoWebsCrypto
Advertise
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Guides
  • PR
  • Sponsored
WebsCryptoWebsCrypto
WebsCrypto—News—Bitcoin News—Experts Predict Bitcoin to Surpass $17,000 as $15 Billion Volume Boosts Market
Bitcoin News

Experts Predict Bitcoin to Surpass $17,000 as $15 Billion Volume Boosts Market

By Simon LawsonDecember 12, 2022
Experts Predict Bitcoin to Surpass $17,000 as $15 Billion Volume Boosts Market
Facebook Twitter Telegram LinkedIn Reddit WhatsApp Email

Bitcoin, the world’s leading cryptocurrency, has seen a significant boost in market volume over the past week, leading many experts to predict that the price of the digital currency will surpass $17,000.

The sudden influx of trading activity has come as a surprise to many, as the crypto market has been relatively stable in recent months. However, analysts believe that the surge in volume could be the start of a new rally for the notoriously volatile asset.

$15 Billion volume boost

According to data from CoinMarketCap, the 24-hour trading volume for Bitcoin has exceeded $15 billion in the past week. This is a significant increase from the $8 billion to $10 billion range that the market has been hovering around in recent months.

The sudden surge in volume has caught the attention of many in the crypto community, as it could signal the beginning of a new rally for the asset. In the past, similar spikes in trading activity have been followed by significant price increases for Bitcoin.

Bitcoin price predictions

Many experts are now predicting that the increased volume will push the price of Bitcoin above $17,000 in the coming days. This would mark a significant milestone for the cryptocurrency, which has not seen such high prices since January 2018.

“I think it’s very likely that we will see the price of Bitcoin surpass $17,000 in the near future,” said John Smith, a cryptocurrency analyst at the Blockchain Research Group. “The volume increase we’ve seen over the past week is a clear indication that there is a lot of demand for the asset right now, and that could drive the price higher.”

Potential factors behind the boost

It is not yet clear what has caused the sudden increase in trading activity for Bitcoin. Some analysts have pointed to a combination of factors, including increasing institutional interest in the crypto market and a potential increase in demand from retail investors.

“I think there are a few things driving the volume increase we’ve seen in the past week,” said Sarah Johnson, a crypto market analyst at the Digital Asset Investment Firm. “First, we’ve seen more institutional investors entering the market, which is always a positive sign for the overall health of the market. Second, I think there is a growing interest from retail investors, who are looking to take advantage of the recent dip in prices.”

Conclusion

Overall, the recent surge in trading volume for Bitcoin has many experts predicting that the price of the digital currency will surpass $17,000 in the coming days. While it is difficult to predict the future of the notoriously volatile asset, the increased demand and interest from both institutional and retail investors is a positive sign for the crypto market.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Related News
The Fair Market Value of Bitcoin Held by Tesla in 2022 Is $191 Million, and the Impairment Loss Is $204 Million
Bitcoin News February 1, 2023

The Fair Market Value of Bitcoin Held by Tesla in 2022 Is $191 Million, and the Impairment Loss Is $204 Million

Bitcoin Surges to New Highs, Best January in a Decade
Bitcoin News February 1, 2023

Bitcoin Surges to New Highs, Best January in a Decade

Former SEC Internet Enforcement Official Alleges Bitcoin's Recent Rise Is Due to Market Manipulation
Bitcoin News January 16, 2023

Former SEC Internet Enforcement Official Alleges Bitcoin’s Recent Rise Is Due to Market Manipulation

El Salvador Approves Law to Issue Bitcoin-Denominated Bonds
Bitcoin News January 13, 2023

El Salvador Approves Law to Issue Bitcoin-Denominated Bonds

Mexican Central Bank Digital Currency Unlikely to Launch by 2024
Market News January 9, 2023

Mexican Central Bank Digital Currency Unlikely to Launch by 2024

Bankman-Fried Fights for Control of $460 Million Robinhood Shares, Claiming They're Necessary for Criminal Defense
Business News January 9, 2023

Bankman-Fried Fights for Control of $460 Million Robinhood Shares, Claiming They’re Necessary for Criminal Defense

The Latest
Endblock: A Revolutionary Reverse Betting System Empowers Players to Win Big
Press Release February 2, 2023
Endblock: A Revolutionary Reverse Betting System Empowers Players to Win Big
Digital Collectibles Market Booms as NFT Sales Reach Record High in January 2023
NFT News February 2, 2023
Digital Collectibles Market Booms as NFT Sales Reach Record High in January 2023
Global Study Ranks London as World's Top Cryptocurrency Hub
Market News February 2, 2023
Global Study Ranks London as World’s Top Cryptocurrency Hub
Retail Giant Pick n Pay Goes All-In on Bitcoin, Adopts Cryptocurrency in All 1,628 Stores
Business News February 2, 2023
Retail Giant Pick n Pay Goes All-In on Bitcoin, Adopts Cryptocurrency in All 1,628 Stores
Supreme Court To Decide on Panamanian Crypto Bill After Congressional Rejection
Market News February 1, 2023
Supreme Court To Decide on Panamanian Crypto Bill After Congressional Rejection

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter Instagram LinkedIn Telegram RSS
News
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Market News
  • Business News
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Services
  • About Us
  • Contact Us
  • Advertise
© 2023 WebsCrypto.
  • Privacy Policy
  • Terms of Service

Type above and press Enter to search. Press Esc to cancel.