Bitcoin Forecast: BTC to Go Above $25,000 or Slip Below $19,000?
Bitcoin is on a slippery slope with various economic factors stunting its growth in the indices in 2022. Its progress now depends on the traditional financial sector as it is correlated with stocks during the ongoing bear markets. Economic changes are impacting Bitcoin, which was previously touted to be ‘foolproof’ amid the market’s ups and downs. The recent CPI data which showed inflation at 8.2% made BTC spike 8% in 24 hours but the crypto shed its gains during the weekend. Also Read: These Are the Top 3 Cryptos To Watch After the Inflation Report Bitcoin October 17th to 24th Weekly Forecast Source: Gulf Crypto BTC is repeatedly rejected at $21,000 levels and is unable to pull its weight above the mark despite multiple attempts. From September to October, BTC was rejected thrice around the $21K levels making it slip back to $19K. Bitcoin has a slim chance to head north this month as the weak global financial news is dragging the crypto down. Another re...