Bitcoin will surge in 2023 — but be careful what you wish for
Cointelegraph
Published Oct 23, 2022 05:44PM ET
Updated Oct 24, 2022 04:20AM ET
The Bitcoin (BTC) community is divided about whether the token's price is going to surge or crash in the year ahead. A majority of analysts and technical indicators suggest it could bottom between $12,000 and $16,000 in the months to come. This correlates with a volatile macroeconomic environment, stock prices, inflation, Federal Reserve data and (at least according to Elon Musk) a possible recession that could last until 2024.
On the other side, influencers, BTC maximalists and a range of other fanatical “shills” maintain its price could skyrocket to $80,000 and beyond.
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Written By: Cointelegraph
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