Quote from: Lantind on December 17, 2022, 08:06:17 PM

Quote from: chrusso on December 09, 2022, 09:31:43 PM

Hi folks and friends,

This is a quick question... do you think the bitocoin price will continue falling during the 2023, or we are actually seeing the bottom price? can you see bitcoin at $5,000 during 2023? $10,000 perhaps?

Thank you a lot, trying to make the right desitions...

Kind regards;
Chris

In my estimation, the Bitcoin price will decrease in 2023, or early 2023. However, the price can stay above $10k. Investors will keep the Bitcoin price above $10k to start a new bull run. That $5k price is surprisingly low considering the previous year's bullrun was $68k. However, if the price is forced to drop, of course many small investors will leave the stock market, because they will suffer huge losses.

A price of 5k seems to be out of the question for me, that would mean a crash of 91% and this is simply too high, not only that the psychological support level at 10k should be incredibly strong so I doubt it will ever be broken again, with that being said I think that it is going to be a very difficult year for bitcoin and the market in general as we could see many other exchanges facing bankruptcy, new regulations and the economic crisis will most likely still continue, so there are not many reasons to be positive for the upcoming year.