Bitcoin and Ethereum Predictions for July 2023: What Experts Think

Since July officially started over a week ago, I'm back at it again with a new blog about the experts' predictions for the prices of Bitcoin and Ethereum. If you're curious about what the experts think about the potential prices of these top two cryptocurrencies, just keep reading.

Bitcoin Price Predictions for July 2023

As of now, Bitcoin is being traded at approximately $30,495.23. It has been merely four months since I started sharing predictions from experts regarding the prices of Bitcoin and Ethereum on my platform. Back then, Bitcoin was only valued at around $24,000. And now, we are already witnessing the continuous ascent of Bitcoin's price, reaching the $30,000 mark. While this milestone has been achieved before, it is still remarkable to see the ongoing rise in Bitcoin's value.

According to Changelly's article, Bitcoin is expected to reach a price of $31,218.50 by July 2023. This prediction is based on studying how prices behaved in the past and using technical indicators.

Furthermore, some analysts are even more optimistic about Bitcoin's future. For example, a report from Finbold predicts that Bitcoin might reach $34,000 by the end of this month. This forecast considers both technical analysis and trends in the market.

30rates is even more bullish on Bitcoin, predicting that its price will reach $37,810. Overall, Bitcoin’s (BTC) recent developments and figures have led to many optimistic predictions for July 2023.

However, not everyone shares this optimistic outlook for Bitcoin's future. Some experts believe that the current upward trend cannot be sustained and that a significant decline is unavoidable. According to a report from Techopedia, certain analysts predict that Bitcoin could decrease to $27,200.

Ethereum Price Predictions for July 2023

The current price of Ethereum is $1,914.16. Looking at its past performance, Ethereum has been on an upward trend since June, with higher lows and higher highs.

However, some experts, like Techopedia, believe that Ethereum could drop to $1,500. They think this because there's a lot of selling happening and people have a negative view of the market, which could cause Ethereum's price to go down.

Nevertheless, there are still many optimistic experts, like 30rates, who remain positive about Ethereum's price for this month. Their optimism stems from the growing interest and participation in non-fungible tokens (NFTs) on the Ethereum blockchain. As a result, they anticipate that the price of Ethereum could reach $2,016 by the end of July.

Alright, folks, now it's your turn. How do you envision the prices of Bitcoin and Ethereum throughout this month? Do you think Bitcoin will continue its upward trend and reach new heights? Will Ethereum's growing interest in NFTs drive its price even higher?