I know we are likely to drop further in the first few months of 2023 but I am curious to know how high we all feel Bitcoin can reach later in the year before 2024?
I once asked a crypto expert about speculation and Bitcoin price predictions in my country.
said the expert.
For 2023 Bitcoin is a bit difficult to speculate and predict, not the same as Bitcoin prices in previous years, he realized that this year the crypto market was indeed difficult and difficult to predict analytically, he said it was caused by the negative things that had happened so far to many crypto trading exchanges, but he did not mention the exact direction of Bitcoin going forward.
The expert advised me if you do something with Bitcoin, follow your heart and mind, don't be guided by the news on the internet, that's the advice I can come up with, but he said Bitcoin will fall below its current price, he did not mention what the lowest price.
I think from the words of the expert, that at this time if we want to invest or trade the decision is up to us, good and bad choices we ourselves decide.
I agree that its not good and its not going to be good for a long time as well. Its a hard prediction because 2023 is unlike any other year, its not looking like coming off a recovery, it's not coming of a bull run, its looking like it accepted bear run and then stable afterwards. That is usually not that common, either we are in a bull run and going up, or we are in a bear run and go down, right now its not going down much, and its not going up, sure there are 5-10% moves but those are small for crypto and it looks like we are just stable which is usually very unlikely scenario for crypto since it is known to be super volatile, nothing small like we are seeing.