Experts gave a forecast for the Bitcoin exchange rate by November 1, 2022

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several Russian experts gave a forecast for the future rate of the bitcoin (BTC) cryptocurrency by November 1, 2022. Their opinions were somewhat similar, but somewhere they differed. We invite our readers to get acquainted with the point of view of analysts.

Thus, Dmitry Noskov, an expert at the StormGain exchange, noted that the cryptocurrency market has a direct correlation with the markets of classical assets, which react negatively to an increase in key rates by the US Federal Reserve. According to him, given the future prospects, pressure on the industry will be again exerted in the very near future. The specialist assured that the cost of BTC will not rise above $20,000 and may drop to $18,000.

The founder of the TON NFT Plus service, Evgeny Yudin, said that two development scenarios await. If the Fed does not raise the key rate, then Bitcoin will cost $27,500 on the morning of November 1, 2022. If the US continues to squeeze out the economies of the third world, Europe and the CIS, then the rate will remain at around $20,000. The expert announced his optimistic mood.

Alexey Zyuzin, CEO of Crypto Holding, noted that the rate of digital gold in early November will be in the range of $15,000 to $20,000. He assured that he does not expect growth until mid-2023. In his opinion, the reversal will begin in the second half of 2023 and go into a bull run as early as 2024 after the BTC halving.

The managing partner of GetMiner, GetExperience, suggested that on the morning of November 1, bitcoin would trade in the region of $22,000 – $23,000 if there were no negative news from the authorities of the world’s leading states.

Marat Mynbaev from Amir Wallet assured that given the current economic realities, including the approach of winter, an increase in electricity tariffs for Europeans and the political situation, one should not expect an increase in the BTC rate yet. According to him, you need to keep the level of $17,500. If this fails, then there will be a rapid and rapid fall to $7,000-$10,000, and then the flat will continue in this zone for an indefinite period.

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