Could Bitcoin (BTC) End 2023 Above $40K? In this analyzer chips
TL; DR
Bitcoin's Year-End Outlook: Crypto analysts expect Bitcoin to reach $40,000 by year-end, following a recent rebound from annual highs. EGRAG CRYPTO FORECAST: A Twitter analyst predicts that EGRAG CRYPTO may rise to $41,000, but may drop below $32,000 before reaching this level. KALEO Outlook: Analyst KALEO predicts Bitcoin will reach $40,000 in December, possibly after correcting around $34,000.
$41K before New Year's Eve?
The price of Bitcoin (BTC) has recently recovered slightly from its annual high of nearly $38,000 seen in mid-November. However, some cryptocurrency analysts think the asset's price could be on the verge of hitting new highs before the end of the year.
One example is X (Twitter) user EGRAG CRYPTO. They have analyzed some resistance levels to predict that BTC could rise to around $41,000 next month.
“Currently, BTC's recovery from Yellow 1 is about 41k,” the analyst said.
On the other hand, EGRAG CRYPTO thought that Bitcoin could fall below $32,000 before crossing the desired level of $40,000.
“Personally, I hope that BTC will retest 31.7K before going further, it will be healthy in the long run,” he said.
KALEO shares the same position.
Who is another crypto analyst? He believes. BTC may increase to $40K by the end of December X user is KALEO. However, they warned that the major digital asset could see a correction of around $34,000 to the aforementioned high.
If you want to check out the top five BTC price predictions from celebrities, you can check out our video below.
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