From Nasdaq, Inc.:

Bitcoin has surpassed the $43,000 mark, with retail investors expecting a decline below $20,000, despite a bullish trend seen by technical analysts. A survey from Deutsche Bank found that 39% of respondents predict Bitcoin’s price will drop. The same survey showed that 39% of investors believe in Bitcoin’s future, while 42% expect its disappearance.

On the other hand, analysts such as Pentoshi are positive about Bitcoin, citing its impressive performance over the past 10 years and its significant social impact. Another analyst, Michaël van de Poppe, sees a clear range for Bitcoin and predicts that altcoins will outperform soon. In addition, retail investors may see more crypto ads in the near future due to a change in Google’s advertising policies, potentially accelerating mainstream adoption.

Despite Bitcoin’s recent surge, a survey found that 39% of retail investors expect its price to drop below $20,000. However, technical analysts remain bullish on the cryptocurrency’s future due to its recent positive performance. Additionally, a survey by Deutsche Bank found that 39% of surveyed consumers believe in Bitcoin’s future, while 42% expect it to disappear. Two-thirds of consumers also have little or no understanding of digital assets.

Retail investors are bearish on cryptocurrencies, with 39% expecting a price drop below $20,000, while technical analysts remain bullish. Pentoshi, a prominent industry analyst, highlighted Bitcoin’s financial and social impact, while another analyst, Michaël van de Poppe, predicted a clear range for Bitcoin and the potential for altcoins to outperform. Meanwhile, Google’s new advertising policy may lead to mainstream crypto adoption through Bitcoin ETF ads.

Retail investors are concerned about Bitcoin’s future, with 39% expecting its price to drop below $20,000, while technical analysts remain positive about its bullish trend. The cryptocurrency has shown impressive performance over the past decade, according to prominent analyst Pentoshi. Additionally, retail investors may see more cryptocurrency ads due to changes in Google’s advertising policies, potentially driving mainstream adoption.



Read more: Retail’s Bitcoin Price Prediction By End Of 2024: Below $20,000, But Technical Analysts See ‘Run To $48K-50K’