Post
Topic
Board Speculation
Re: Bitcoin high prediction 2023?
by
CageMabok
on 16/12/2022, 23:06:34 UTC
I'm not predicting a worst case scenario for 2023 even though we are currently at the worst end for 2022, I believe the second quarter of 2023 will recover the crypto price and hope it will stabilize above $20k but if another big FUD news comes it will be very vulnerable to hit the market lower below $14k after the last historical ATH was reached. Actually I can't believe BTC price is back below $20k but the impact of FTX and Luna is worst because both cases have destroyed investors' confidence in the exchange and market price.
Because investor confidence was destroyed this year as a result of the two major cases that occurred this year, for next year investor confidence will not immediately return to the market and Bitcoin even though it is still very slowly possible for the market and Bitcoin to recover. But it's definitely going to take a little longer than last year or more than usual, because it's about the lost confidence among investors.