2023-5-12 19:30 |
Crypto microblogger Inmortal recently tweeted his three potential Bitcoin (BTC) price scenarios over the next one to two years.
The first scenario assumes that BTC be range-bound until this fall. Price action will become “extremely boring” crypto investors by moving in the $20,000-30,000 range.
Active growth of BTC will start in the fourth quarter of 2023. The analyst predicts that it will break through the $30,000 level and move toward $48,000 during this period.
Inmortal’s First 2023 Bitcoin Scenario | Source: InmortalIn his second scenario, Inmortal does not exclude a retest of the $25,000 level after an extended consolidation near $29,000.
The analyst expects BTC to increase between the end of 2023 and the beginning of 2024. The prediction implies a repetition of the cryptocurrency’s 2016 patterns.
Inmortal’s Second 2023 Bitcoin Scenario | Source: InmortalInmortal predicts a “roller coaster” in his third Bitcoin forecast with an update of the local top and a later decline.
In this scenario, the next breakout above $30,000 could occur in the late 2023 and early 2024 period and can be the starting point for further growth.
Inmortal’s Third 2023 Bitcoin Scenario | Source: InmortalThe analysts assigned a 60-70% probability for the first outcome, a 50% probability for the second, and a 30-40% possibility for the third.
BeInCrypto editors recently published 2023 Bitcoin predictions shared by experts.
For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
The post Analyst Predicts 3 (Fairly) Bullish Scenarios for Bitcoin (BTC) Price in 2023 appeared first on BeInCrypto.
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