Quote from: Pam beasely on December 05, 2022, 07:15:52 AM

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.

Quote

Will it reach or cross above $20,000 in Q1 2023?

My answer will not be yes or not but in terms of how probable it might happen.

Bitcoin's Price Hit $23,000 in Q1 2023? Hmmmm I would say the chances of it to happen will be at around 10-20% at most. I mean right now, Bitcoin's having a hard time surpassing the $20,000 price resistance so I see the chances of Bitcoin going to $23,000 in Q1 of next year low. However, if we will see Bitcoin surpassing $20,000 next year and stay above it for a few weeks then the chances of $23,000 to be reached will increase significantly.

I don't know how it will reach that price or when (like all of us here), but I expect that what happened in 2022 might happen again in 2023. We might see the market going sideways next year.