I suppose, if we try to be optimistic, it's very good that Bitcoin didn't fall even lower, but it's very close to the bottom now, so I wouldn't say that it's a sign of a better year. Sure, there's a bit of positive movement, but for now it's just tiny fluctuations, not worthy of serious considerations. Bitcoin can still go down or stay at a current 1/4 of the maximum price. 2023 might be a good year, but a year is a long time, and what if it gets better closer to its end? It's important to keep calm and be patient, prepared for a continuation of the bear market. In that case, you'll be mentally prepared for bad times but pleasantly surprised if it's suddenly over.
From the perspective of the global economic situation, 2023 is not an optimistic year, and inflation is becoming more and more obvious. In traditional industries, prudent investment has become the unanimous view of everyone. It is precisely because of this that the encrypted world may become a hot spot for investment, attracting more investors and shareholders to the encrypted world and investing in digital currencies. Therefore, I feel that the encryption world in 2023 will gradually prosper.
Inflation is falling, but it looks like the economy will get worse as interest rates start seeping into economies around the world, potentially triggering a recession. This is what many experts fear that 2023 will be another bad year for the world economy.
If it's your prediction, it won't be good for bitcoin or crypto because once a recession hits, people will continue to have financial difficulties. They cannot spend much on investments. What is happening is not like in 2020 when the covid pandemic hit, so we cannot expect bitcoin to repeat history.