Bitcoin price is displaying some stability above $17,000 as it is holding these levels despite the bearish attempts to drag the price lower.
As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain its price.
Will it reach or cross above $20,000 in Q1 2023?
My estimate is that Bitcoin will remain under $20k well into next April, despite the current signs of a bull market. Because the current global economic growth has not improved, some even predict that a recession will occur in 2023, so it will be difficult for a bull market to occur in that year.