According to a recent Deutsche Bank survey, over one-third of respondents envision Bitcoin's price plummeting below $20,000 by January next year. The survey, conducted from January 15 to January 19, took into account the opinions of 2,000 individuals across the United States, United Kingdom, and the European Union.
The respondents, sharing their predictions on Bitcoin's price and volatility, cast their lot for a lower Bitcoin price in the future. This study shows a rather bearish sentiment toward the leading cryptocurrency, with around 15% of respondents forecasting the Bitcoin price to linger between $40,000 and $75,000 by year-end.
