Cryptocurrency analysts predicted the value of bitcoin in 2023

Editor’s note — not financial advice!

As before, most cryptocurrency experts believe in the successful future of bitcoin, despite the recent drop in digital assets due to the bankruptcy of one of the world’s largest exchanges, FTX. Finbold experts have collected the most popular analysts' forecasts for the value of BTC $60,753.14 Bitcoin -1.46% Market capitalization $1.2 trillion VOL. 24 hours $1.44 billion in 2023.

According to representatives of the crypto analytics firm TradingShot, if bitcoin maintains its position over the next week, investors should expect strong growth in 2023. According to TradingShot’s fractal analysis, the support level for bitcoin is $ 16,628, and if the flagship cryptocurrency manages to stay at this level, it may rise to $ 95,000.

Another indicator of technical analysis is the 200-week moving average, which remains positive for bitcoin," said a cryptocurrency analyst known as PlanB. According to the chart, bitcoin’s value has remained above the 200-week moving average throughout all the falls that have occurred in the market in recent months. «The FTX crash will not kill bitcoin, it will make it stronger ,» PlanB emphasized.

Elon Musk, the owner of Twitter, is also convinced that bitcoin will survive. As he wrote on his social network, the currency will definitely reach new highs, but it will take time. With his comment, the billionaire agreed with the assumption of investor Jason Calacanis, who said that the BTC would be fine.