Bitcoin price is undergoing a significant change as the prices have held strong around the crucial support at around $17,200. This raising momentum has also induced strength within the other cryptos as well. Hence, it is largely believed that the BTC price along with the other assets could have a bullish end for 2022 and also kick-start the 2023 trade on a bullish note.
Meanwhile, top cryptos continue to hover under a bearish structure that could hinder the progress of the rally and remain restricted below key resistance. The bears are believed to soon take over the rally and establish a bearish trend for the entire crypto space. According to Tony Ghinia, a popular crypto analyst, the price of bitcoin is expected to drop drastically to reach $15,000 in the first quarter of 2023!
The analyst has also rolled out the predictions for some of the other altcoins as well, including Ethereum, BinanceCoin, Polygon, Litecoin & Chainlink, which are all woefully, bearish. However, some of them believe these levels could be achieved before the end of 2022 itself. If the markets are able to mark new lows for 2022, the crypto may remain largely bearish or consolidated for a longer time in 2023.
Furthermore, some crypto enthusiasts remain extremely bullish on the price of Bitcoin (BTC) and predict that it could skyrocket above $18000 by the end of 2022. Expires in early 2023.
