Post
Topic
Board Bitcoin Discussion
Re: Bear market likely over?
by
Elena_Rodriguez
on 05/12/2022, 07:05:19 UTC
Though the question was raised here long back but this still relevant for this day.

Bitcoin is displaying some stability, as the prices have crossed $17,000 this day (5th Dec 2022) it appears that the crypto market has entered a recovery mode.  The tokens are holding above the lower support, despite the fact that bears are still mounting significant pressure. This means that the chance of a rebound could be determined as the crypto market seems to be in the process of preparing for a rally of relief.

According few crpto expert analyst like Michael van de Poppe, Jason Pizzino and news site Coinpedia a steady rise in volumes could push the bitcoin price to maintain a steep upswing to regain levels above $20,000 very soon, and bitcoin price prediction 2023 could reach to to $43,959.19.

I would suggest you to have a detailed read at https://coinpedia.org/price-prediction/bitcoin-price-prediction which is analysed taking all bearish trend in consideration.