In difficult times you should always look for the strong. Only strong ones give faith, motivation and desire to move forward. Translating this analogy to crypto market, today we decided to analyze and make our forecast for ICP cryptocurrency. If we analyze recent events in Bitcoin market, we can see that very few cryptocurrencies were able to bounce back decently after a wave of fall. More precisely, very few cryptocurrencies with decent trading volumes. One such cryptocurrency is LINK, which we also recently published a forecast about. The second cryptocurrency, which was able to bounce back by 60 after local wave of fall on December 20, is ICP.
ICP Cryptocurrency – Global Forecast
The forecast for ICP cryptocurrency will consist of several possible routes of price movement. We are not looking into the future, but only modeling the probabilities. An interesting fact is that the calculations indicate one global target from above.
In the ICP cryptocurrency chart we see the price from the bottom rounded and starting to move up. In recent days we can see an increase in trading volume, which shows the struggle between buyers and sellers. Currently, the buyers are winning as the price of the Internet Computer token is rising.
For the next 1-2 months, the target zone at the top is $54-63. The price of ICP can get there either by rapid growth (white arrow) or by saw (blue)
This price zone will decide the direction:
- fixing above $63 will open the way for the continuation of growth to $82
- If the sellers win in the area of $54-63, the correction may be delayed for a retest of the important $35 level, where the struggle is now taking place, but from the bottom.
The global goal for all scenarios is a rise by the summer of 2022 to the area of $186-190. The fact that ICP is being linked to Web3, which is predicted to go high in 2022, adds positivity.
ICPBTC price is preparing to break an important level
Analyzing the ICPBTC chart on the daily timeframe, we see that the buyers have increased pressure on the price before the important liquid level of 0.00095. In the range of this level, ICP price was last in October 2021. Prior to that, the 0.00095 level has kept ICPBTC price from collapsing since June 2021. If buyers manage to break the 0.00095 level the first time, we will see the ICP market continue to grow by 50%. Otherwise, sellers will start local correction with first target at 0.00074.
