Bitcoin price is still trading sideways as traders await ABD Federal Rezervi Sandalye Jerome Powell's testimony before the U.S. Senate Banking Committee today and the U.S. House Financial Services Committee on Wednesday.
BTC fiyatı is currently trading near $22,400, testing a high of $22,584 in the last 24 hours. While the crypto market sentiment remains neutral, investors are likely to remain cautious due to several major events this month.
In fact, the week itself is quite occupied with several macro events such as China TÜFE inflation data, the Bank of Japan rate hike decision, and U.S. jobs data for February.
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Bitcoin Price To Hit ATH in 2023?
Popular crypto analyst Credible Crypto tahmin Bitcoin price can see another ATH in 2023, rather than after 2023. He believes Bitcoin to face some final hurdles in the next few weeks before a massive rally starts.
“People struggle to see such aggressive rises but it’s literally the norm in crypto. Has happened twice in this cycle already but still most view it happening again as an impossibility.”
The FTX crisis still haunts crypto investors, but 73% of all bitcoins are in the hands of expert holders and institutional investors. The market is slowly recovering from the crypto winter, with the most damage already done. This will make Bitcoin rally faster than most expect as institutional investors and whales will buy huge quantities to push prices above the current ATH of 68,789.
Felix Zulauf of hedge fund Zulauf Consulting and BitMEX founder Arthur Hayes şuraya Bitcoin price to witness a massive bullish rally in mid-2023, possibly in April-May. Hayes also asserts Bitcoin will hit $100K geç 2023 içinde.
CoinGape daha önce bildirdi that Bitcoin is already in the early boğa piyasası cycle. Several on-chain metrics such as MVRV Ratio, Supply in Loss (%), SOPR Ratio, Net Unrealized Profit and Loss (NUPL), and Puell Multiple confirms a Bitcoin bottom.
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Sunulan içerik yazarın kişisel görüşünü içerebilir ve piyasa koşullarına tabidir. Kripto para birimlerine yatırım yapmadan önce pazar araştırmanızı yapın. Yazar veya yayın, kişisel mali kaybınızdan sorumlu değildir.
Source: https://coingape.com/bitcoin-price-to-see-ath-in-2023-heres-what-analysts-predict/