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?
The price could reach or exceed $20k in 2023 but I'm not sure it will in Q1 and we still have to wait until towards the end of the year to start drawing conclusions. Meanwhile, we can make purchases at this time because the price is dropping again, but this depends on the readiness of your capital to buy bitcoin again. If your analysis says that bitcoin can decline more than its current price, you can wait for it and don't rush to buy bitcoins. I feel that the price of bitcoin can still go down but I don't know how much because it's still a mystery.
Today is the red market again and it looks like 2022 will drop again so that it makes us have to wait for a good moment to buy, even many analysts are sure if Bitcoin will drop below $ 15k, we are waiting for whether next week the price will return to $ 17k or drop at under $ 15k, if the drop is below $ 15k then don't hesitate to buy.