After a brief bullish rally, the general cryptocurrency market has again woken up in a sea of red, and Bitcoin (BTC) is down more than 2%, leading to less optimistic expectations of the crypto community about the future price of the maiden digital asset.

Indeed, the votes cast by the members of the crypto tracking platform CoinMarketCap project that Bitcoin will be changing hands at the average price of $19.368 on January 31, 2023, according to the data retrieved by Finbold on January 19.

Should the estimations of 19,438 member votes prove true, it would mean that the price of Bitcoin by the end of January will decline further by -6.64% or -$1,377 compared to its current value, which at press time stood at $20,745.

(By Ana Nicenko)