The newly launched BTC Range Report has stated that some 85% of traders who trade at least $1,000 each month in Bitcoin expect their level of cryptocurrency trading to increase on 2022, compared to 2021.
This is according to new research from GNY, the leading blockchain-based machine learning business that publishes the BTC Range Report, which is published weekly, covers a seven-day period, and claims to be one of the most powerful Bitcoin prediction tools in the market.
The GNY study found that almost half (49%) of traders expect their level of trading to increase dramatically, whilst only 10% said they expect it to stay the same as last year, and just 2% anticipate it will fall.
When it came to exactly how much more these serious traders expect to trade in Bitcoin in 2022, 39% anticipate they will trade at least $10,000 more, with nearly one in 20 expecting to increase trading by $30,000 or more.
This anticipated level of increased trading in Bitcoin can be partly explained by the optimism many traders have for the cryptocurrency’s valuation in 2022. Bitcoin is currently priced at around $48,000 and 62% of serious Bitcoin traders expect it to finish next year at over $58,000, with 9% thinking it will close 2022 at between $75,000 and $100,000 a coin. Some 10% say its value will be between $100,000 and $125,000 and 4% expect it to finish the year with an even higher valuation than this.
The BTC Range Report is available every Tuesday at 9:00am EST. For a price of just $10, it can be purchased with ETH or GNY tokens, with access provided directly through the user’s Metamask wallet, which is freely available as a mobile app or browser extension and, according to Bloomberg, has over 21m active users.