A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.
My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?
Now that it is 2023, of course we have seen how Bitcoin is doing. Late 2022, Bitcoin price looks very stable at $16k to $20k. There are no big price spikes in 2022. It is possible that in 2023 there will be new surprises with higher price pumps. I think this will happen from next April. However it doesn't hold up well, and there will be higher dumps after that. Some people say this is part of the process towards the 2024 bull run.
It seems to me that in early 2023 the price could easily fall to the low of 2022. So far, only the order number in the year has changed, but the external factors have not yet changed. Right now I see no reason for bitcoin to start rising as the new year begins. It seems to me that a sideways movement at the beginning of the year would already be a good sign. I expect accumulation in 2023. Maybe in the second half I will think about growth.