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How high could Bitcoin reach in 2023?

  • Thread starter Thread starter Imran_Noori
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Imran_Noori

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Year 2022 was a bad year for whole crypto market especially Bitcoin but it started 2023 incredibly and now it is at $28K level, in my opinion Bitcoin can break it's all time and reach $70K level this year.

How high could Bitcoin reach in 2023?
 
You can not predict with certainty how high the price of Bitcoin would reach before this year comes to an end, as anything can happen at the moment which makes it unpredictable.
 
It is very difficult to predict what Bitcoin or other assets could do seeing how everything is and how uncertain the global macroeconomic landscape seems, it is better not to make great expectations for what may happen.
 
eenya00 said:
You can not predict with certainty how high the price of Bitcoin would reach before this year comes to an end, as anything can happen at the moment which makes it unpredictable.
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You are right, crypto market is unpredictable but sometimes we can predict it from it's old charts and some positive news about it, most people use technical analysis for this purpose.
 
The crypto market is still in it Bear season, and The price of Bitcoin is presently around $27,000. This price is actually very low compared to its All Time High. I believe Bitcoin would reach as high as $50,000 before the end of 2023.
 
It is important to note that bitcoin price is driven by the demand and supply dynamics and the price that bitcoin could reach cannot be ascertained.
 
There are only 4 months left for this year to end and now the bitcoin is sitting at $26K. Some people are speculating that this year bitcoin will reach rock bottom and go below $20k. However, I am hopeful about Bitcoin and I believe it can go around $35 K by the end of this year.
 
I think what's left of 2023, they could potentially hit $50K again. But that would probably be tough to do. Right now we're around $26K, which isn't bad. But if it continues, maybe it'll reach back to $50K+ again.
 
Imran_Noori said:
Year 2022 was a bad year for whole crypto market especially Bitcoin but it started 2023 incredibly and now it is at $28K level, in my opinion Bitcoin can break it's all time and reach $70K level this year.

How high could Bitcoin reach in 2023?
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From every angle of analysis so far on Bitcoin, there's no way it's even going to reach $40,000 in this year 2023 and not to talk about breaking it's highest all time high of $67,567 that it reached on November 8th, 2021. We are not sure if it's even going to make it there in 2024.
 
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