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Will Bitcoin Price reach $10,000? Maybe, if THIS Happens!

The crypto market continued its bearish trend right after the merge ended. Bitcoin prices suffered heavy losses as they breached the psychological price of $20,000. They even breached the support price of $18,500 for a brief while before retracing higher towards the current price $19,000. Now that the support was breached, can we conclude that Bitcoin price reach 10000 $ soon? Let’s analyze in this Bitcoin price prediction article and assess whether the psychological price of $10,000 will be reached or not.

How did Bitcoin Perform in 2022?

The year 2022 was a bad one for the entire cryptocurrency market. Bitcoin specifically lost more than 55% to date. Its prices dropped from the high price of $47,000 to the current price of around $19,000. Some hope was portrayed in the crypto scene right before the merge, as crypto prices started to rise in anticipation of a general increase in the crypto market. However, as prices did not move significantly as anticipated, many traders started to sell their newly opened positions. This led to a heavy liquidation in crypto positions, thus why Bitcoin took a heavy toll.

Will Bitcoin Price Reach $10,000?

It is clear that Bitcoin has a strong support of around $18,500. The current price is hovering around this price area, although it managed to breach it on multiple occasions previously. Bitcoin prices can easily fall towards the psychological price of $10,000, if BTC breached $18,000 as a first step. This would lead to a total collapse in crypto prices, especially since Bitcoin’s dominance currently stands around 40%.

Traders and investors should watch the below prices if they are breached lower, and follow the price action of Bitcoin closely. Once any breach of the below happens, it should trigger the next price:

  • $18,500
  • $18,000
  • $15,000
  • $12,000
  • $10,000

Following the Merge, Pando Asset AG Debuts Bitcoin and Ethereum ETP

Following the successful conversion of Ethereum from Proof of Work to Proof of Stake on September 21, 2022, Pando Asset introduced two additional crypto ETPs, PBTC and PETH, on the SIX Swiss Exchange. Following their multi-crypto ETP (PNDS) listing in July of this year, these two ETPs expand the variety of products that Pando Asset::Listen

Following the Merge, Pando Asset AG Debuts Bitcoin and Ethereum ETP

Following the successful conversion of Ethereum from Proof of Work to Proof of Stake on September 21, 2022, Pando Asset introduced two additional crypto ETPs, PBTC and PETH, on the SIX Swiss Exchange. Following their multi-crypto ETP (PNDS) listing in July of this year, these two ETPs expand the variety of products that Pando Asset offers.

The Crypto Pando Asset Pando Asset Crypto Ethereum ETP (PETH) and Bitcoin ETP (PBTC) track the performance of Bitcoin and Ethereum, respectively. Bitcoin and Ethereum serve as the sole and complete collateral for PBTC and PETH. They give investors access to the two biggest tokens in the cryptocurrency market.

The Ethereum Merge, which reduced the network’s power consumption from its peak of 94 TWh per year to just 0.01 TWh after the merge, has been the most significant event of the year and the most significant development and a milestone in Ethereum’s history. However, this full switchover to Proof of Stake has also given the regulators the cause to snoop around Ethereum in search of a chance to classify it as a security token. However, this marks a fresh beginning for the Ethereum development ecosystem and a step toward an ESG-compliant future.

At the bottom of the “buy the rumor/sell the news” dip, Pando Asset seized the chance and introduced the Bitcoin and Ether tracker fund as a symbolic tribute to long-term hodlers.

Pando Asset will participate in the 2049 Singapore as a Gold Sponsorship Member next week. The company, which has its headquarters in Crypto Valley Zug, Switzerland, was established by a group of financial experts with in-depth knowledge and more than ten years of market-making and asset management experience. Its goal is to offer clients one-stop shopping and risk-free solutions for managing crypto assets.

Will Bitcoin Price reach $10,000? Maybe, if THIS Happens!

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