Cryptocurrency

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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