Bitcoin Price Prediction 2022: Is BTC Preparing for a 30% Move?


During the European session, Bitcoin is trading higher, having bounced above $18,900 to trade at $19,300. According to data compiled by cryptocurrency research firm Santiment, the proportion of large investors who own the cryptocurrency with the largest market capitalization , Bitcoin (BTC), is growing.

At the same time, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone reports that the BTCash rate discount is at an all-time low not seen since Q2 2020.

BTC addresses holding $1,900,000,000 BTC hit 20-month high

Recent research from cryptocurrency research firm Santimento could be one of the reasons for the BTC price action. According to Santiment, the number of Bitcoin whale accounts holding between 10,000 and 100,000 BTC ($190,000,000 and $1,900,000,000) has reached its highest level since February 2021.

Also, the number of addresses carrying between 10 and 100 BTC ($190,000 and $1,900,000).

According to the analytics firm, the percentage of Bitcoin addresses holding between 0.1 and 10 BTC has risen to an all-time high of 15.9%. By contrast, the percentage of the Bitcoin supply held by those holding 100 to 10,000 BTC is at its lowest point since June 2019 at 45.6%.

Stablecoin market caps are at their lowest level since last December, according to Santiment.

Bitcoin Hash Rate Discount Highest Since Q2 2020

Although the price of Bitcoin has been oscillating in a tight trading range for the past few weeks, the hash rate of the cryptocurrency has not. It has been rising for some time and is constantly setting new records.

Mike McGlonea senior commodity strategist at Bloomberg Intelligence, says the BTC hash rate discount is at an all-time low not seen since Q2 2020.

Bitcoin price has been stable around $19,000 for the last 24 hours. When we take a step back, we see that the price of Bitcoin has been stuck in a narrow band between $18,000 and $24,000 for the past several months.

However, Mike McGlone states that cryptocurrencies:

“They may be entering an unstoppable phase of their migration to the mainstream, and at a reasonably discounted price.”

The rising hash rate of Bitcoin may be indicative of the growing popularity, market share, and value of the cryptocurrency. Therefore, the hash rate increase can support BTC.

Bitcoin Price Prediction 2022: Is BTC Preparing for a 30% Move?

Bitcoin, the leading cryptocurrency, has risen to the level of $19,217, with a transaction volume of $22 billion in 24 hours. The value of Bitcoin has risen less than 1% in the last 24 hours.

Bitcoin Price and Tokenomics – Source: coinmarketcap

The BTC/USD pair has bounced off the $18,950 support area. On the upside, Bitcoin may find it difficult to break above the $19,300 support level and turn it into a resistance level.

If BTC fails to break above this level, its price will likely plummet. As a result, keep an eye on $19,300; above this level, it is possible to buy up to $19,500 or $19,940.

The RSI and the MACD are changing, moving from the sell zone to the buy zone. It is confirming the bullish sentiment of investors. However, the 50-day moving average can act as a major hurdle near $19,310.

If Bitcoin drops below $19,250, it may return to its previous triple bottom support level near $18,900. A second gap can push Bitcoin up to $18,700. On the upside, resistance remains near $19,450.

Bitcoin Price Chart – Source: Tradingview

Alt Currency – IMPT Presales Gaining Traction

Presale coins have immense potential. IMPT is one of them, and it is making headlines for the significant pre-sale collection. The first stage in’s goal to transform the carbon crediting industry by making carbon offsetting more accessible is online fundraising.

In less than three weeks since its pre-sale began, the IMPT cryptocurrency has already received $6.3 million from ESG-conscious investors.

IMPT tokens are currently selling for $0.018 in the first stage of the presale. In particular, the price will go up to $0.023 in the next stage and then to $0.028.

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Find the best price to buy/sell cryptocurrencies

Cryptocurrency Price Tracker – Source: Cryptonews


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