Influencer Says How He Thinks Bitcoin’s Price Will Move in 2023
CoinMarketCap says that Bitcoin (BTC), the most popular cryptocurrency, has lost 0.10 percent in the last 24 hours. At the time of this writing, the price of Bitcoin is $16,564.30. The coin’s price has gone down over the past 24 hours, which has added to the coin’s weekly price drop. The price of BTC has also gone down by 1.60% in the last week.
After 2022, which was a bad year for cryptocurrencies, analysts and traders think that the markets will have a relief rally before moving into the next bull cycle at the end of 2023.
Ben Armstrong (@Bitboy Crypto), a crypto influencer, thinks that the cryptocurrency market will go on a bull run in 2023. The influencer says that on the 8-hour chart, BTC will have a small rise before falling again. Then, the influencer thinks that a bull trap will show up on BTC’s chart, which will be followed by the price of BTC going down even more.
Related: Wrapped Bitcoin’s (WBTC) supply drops 35% from its ATH.
Armstrong said in his tweet from this morning that BTC will start to go up “for real” before the network goes down.
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