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Bitcoin price predictions 2023



Bitcoin price predictions 2023 : Is it possible to make an accurate bitcoin price prediction for the incoming year of 2023 ? 

Based on the recent economic developments and the fact that cryptocurrency adoption has seen an unprecedented expansion, we can make a bitcoin price prediction in 2023.

Bitcoin price predictions 2023

At the time being, bitcoin is trading at 17400 USD (13 12 2022). 

US interest rate policy in 2023 is expected to impact cryptocurrency price direction. As the FED signalled to slow interest rate increases, cryptocurrencies, particularly Bitcoin, have reacted positively.

In order for a Bitcoin bull run in 2023, US's tight monetary policy should be completed. As long as the FED insists on this strategy, cryptocurrencies cant attract investors.

In case US FED and EU central banks switch to easy money policy and increase cash supply, cryptocurrency market will likely gain attraction.

Bitcoin price should rise above 20K which is a critical threshold for a potential bull run.

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