Discover the best predictions for BTC in 2023

Source: Trade Outlook

Bitcoin price It has been flat over the past 24 hours, holding yesterday’s close of $16,750 as the broader market edged lower. While the world’s top cryptocurrency is down 1.5% on the month and 75% off its all-time high of $69,044 set in November 2021, its current price is down 1% on the week.

Despite the current negative trend, many leading figures in the cryptocurrency industry predict that bitcoin will make significant gains this year. A goal for some BTC price is even set at $250,000. However, other experts believe that BTC will face several more downs before seeing the light at the end of the tunnel. So it should drop to $13,000, according to analyst Clem Chambers.

Bitcoin Price Predictions for 2023: Here’s What Bullish Analysts and Optimists Think

BTC’s technical indicators suggest that a rebound will happen sooner or later. Indeed, its relative strength index (purple) has almost always been below 50 since early November. Likewise, his 30-day moving average (red) It has remained well below its 200-day moving average (blue) since the beginning of last year, indicating that an upside is expected.

Source: Trade Outlook

Many industry observers and experts believe so bitcoin will experience significant rallies this yearwith estimates ranging from the most modest to the most optimistic.

For example, investor Tim Draper continues to hold His goal is a $250,000 prize. According to the latter, bitcoin may still reach this level by the middle of the year. To justify this optimism, he argues that bitcoin has yet to really benefit from an influx of retail investors. These will eventually become cryptocurrencies as part of the “flight to quality”.

While Draper is probably the most optimistic voice among high-profile investors, there are still plenty of other experts BTC is increasing this year. So for Alistair Milne, founder of Altana Digital Currency Fund, The goal is $45,000. Much will depend on how central banks cope with above-average inflation.

Optimistically, Milne also predicts that bitcoin will end at 150,000 $300,000 By the end of 2024. This is when the next halving of its value occurs.

Of course, not everyone is particularly positive. Analyst Clem Chambers, who predicted a market crash in 2022, now believes so bitcoin will fall to around $13,000 before he gets better, though he thinks he’ll have a longer recovery.

His reasoning is largely based on the assumption that contagion effects result from this The collapse of FTX has not yet completely disappeared. As such, the start of 2023 could see more high-profile crashes and bankruptcies, sending bitcoin and the market in general further down.

This is a realistic assumption, and based on the current macroeconomic climate, it is hard to imagine BTC getting a significant rally in the coming months. But with inflation likely to slow down and stop rising interest rates as a result, no one can predict what the second half of the year will hold for us.

New Altcoins Offer Short Term Profits

Either way, it’s clear that bitcoin owners and investors may have to wait a little longer before experiencing real joy. Thus, traders looking for short-term gains may prefer to look at newer altcoins. So, presale tokens 2022 has been particularly profitable, even with the bear market.

For example, Lucky Block (LBLOCK) and Battle Infinity (IBAT) each saw returns as high as 6,000% and 3,000% from their pre-sale price of $0.00015. Separately, Tamadoge has seen a 1,800% increase since entering OKX in October.

This is the type of market performance that the two coins below are trying to replicate, each still in the process of offering tokens to the public before listing on an apartment.form of cryptocurrency exchange. They both have strong fundamentals. What’s more, they each look poised to start 2023 with a bang.

Fight Out (FGHT)

Fight Out (FGHT), is an earning platform that runs on the Ethereum blockchain, bringing real-life workouts to the Web3. Going beyond the first wave of M2E platforms like STEPN, it will track and reward a wider range of exercises. This includes boxing, weightlifting and yoga. In addition, it will offer classes in its own program and in gyms of its own brand.

Its token presale, launched in December, has already raised more than $2.6 million. FGHT badge it is currently worth $0.0166, but this price will increase during the next phase of the sale.

Dash 2 Trade (D2T): overfunding before listing on exchanges

Dash 2 Trading is another Ethereum-based platform that offers a full suite of trading tools. Scheduled to launch in the next few months, it will provide real-time analytics and social commerce data. This will enable investors of all experience levels to have the resources and tools they need to make better trading decisions.

The initial D2T token sale has raised more than $13.8 million and the Dash 2 Trading team is currently running an overfunding operation on cryptocurrency exchanges ahead of D2T’s launch on January 11th. It has already confirmed the listing of its token on BitMart, Changelly Pro and LBANK Exchange. Other platforms are expected to follow and list the D2T token.

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