Deutsche Bank analysts see Bitcoin recovering to $28K by December
— Tough six months, Terra ecosystem, Market, Past two months —, Recent collapse, Laboure, Index could result, 10 years, Increase, Meet margin calls — 1 min read
Deutsche Bank analysts Marion Laboure and Galina Pozdnyakova forecast Bitcoin (BTC) rebounding to $28,000 by December 2022. Bitcoin and the wider cryptocurrency markets have endured a tough six months, with the value of BTC enduring its worst quarter in 10 years. The prediction may quell some of the fear and uncertainty swirling in the space, but the recovery of cryptocurrency markets is not so clear cut. A separate investor note from JPMorgan suggests that the crypto ecosystem may already be in recovery. This represents a $3.4 billion increase in venture capital investment into cryptocurrency firms over the past two months — to the tune of $5 billion — to be $5billion from the same period in 2021. This represents the Source