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Deutsche Bank analysts see Bitcoin recovering to $28K by December

Cryptocurrency Jul 02, 2022 09:20AM ET

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Deutsche Bank analysts see Bitcoin recovering to $28K by December

Deutsche Bank analysts see Bitcoin recovering to $28K by December

Analysts from Deutsche Bank (ETR:DBKGn) forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues to grapple with gloomy times.

Bitcoin and the wider cryptocurrency markets have endured a tough six months, with the value of BTC, in particular, enduring its worst quarter in 10 years. Macroeconomic conditions around the world have played a role, with stagnating markets and fears of inflation driving conventional stock markets and their crypto-counterparts down to painful lows.

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Comments (3)

George Sampoang Jul 02, 2022 11:42AM ET

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As soon as central bankers go back to printing money all markets will go Parabolic, printer go Brrrrrr

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Richie Berg Jul 02, 2022 9:49AM ET

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WE know that Deutsche Bank is long BTC. LoL

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jason xx Jul 02, 2022 9:49AM ET

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Go on?

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jason xx Jul 02, 2022 9:49AM ET

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Lots of the biggest investment banks and institutions are long BTC. That should tell you something right now. An investor who can't see an opportunity when it's slapping you in the face will not go far.

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jason xx Jul 02, 2022 9:47AM ET

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Btc could potentially recover 28K in less then a day. Nobody knows they are all just guessing

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