# Crypto: Bitcoin Could Pop by the End of 2022, According to Deutsche Bank Analysts, Their Target is...

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Last modified: 2022-07-01

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By Paul Ebeling · 2022-07-01
Tags: Shayne Heffernan on Investments, Luxury, Lifestyle, Top Stories, Paul Ebeling, Bitcoin, Crypto, Education, crypto, Bitcoin, Knightsbridge Insights, Living, Knightsbridge
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #bitcoin 

$BTCUSD

*"The latest crypto market crash was spurred by momentary de-risking from Wall Street as many investors are feeling pessimistic about the economy amid surging inflation, a shaky stock market, and rising interest rates. The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors"*--Paul Ebeling

Researchers at Deutsche Bank say Bitcoin (BTC) might rise by as much as 40% to finish the year despite its months-long losing streak.

According to Deutsche analysts Marion Laboure and Galina Pozdnyakova Bitcoin’s chart patterns are looking similar to traditional stock markets.

*“By marketing an idea rather than a product, they built a solid foundation for the $72 billion-a-year diamond industry, which they have dominated for the last eighty years.*

*What’s true for diamonds, is true for many goods and services, including Bitcoin.”*

Laboure and Pozdnyakova conclude by warning that it’s not guaranteed BTC will rally due to the complex and non-traditional nature of cryptocurrencies.

*“Stabilizing token prices is hard because there are no common valuation models like those within the public equity system. In addition, the crypto market is highly fragmented.*

*The crypto freefall could continue because of the system’s complexity.”*

At time of writing, Bitcoin is down 5.55% over the past 24 hours, priced at $19,777.

BTC would need to rally by 41.5% from current levels to revisit $28,000, a price last seen on June 12th.

*[Check Price Action](http://crypto.livetradingnews.com/en)*

Have a prosperous weekend, Keep the Faith!

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