Traders Union experts have provided Bitcoin price prediction for tomorrow
Leading independent association of Forex brokers Traders Union experts have announced the launch of a unique new service that provides next-day predictions for the Bitcoin market. The service is aimed at traders who are looking to make informed decisions about buying and selling Bitcoin.
2022 was a tough year for many industries, and cryptocurrency was no exception. After a prolonged rise in prices and investor excitement, last year saw a harsh cryptowinter, with bitcoin falling, companies going bankrupt, and the crypto market “impoverishing” by more than $1 trillion. But what will 2023 bring? But what will 2023 bring? Traders Union offers to study Bitcoin price prediction for today in order to make well-reasoned trading decisions.
What’s the prognosis?
Bitcoin started 2022 at around $48,000. That was down from a record price of $68,000 a few months earlier but was still welcome news for those who invested in the flagship cryptocurrency a few years ago when BTC was below $10,000. Note that the Bitcoin forecast is based on indicators and is updated daily. Thanks to ready-made forecasts for Bitcoin, you can save your personal time. However, keep in mind that these are indicative forecasts, the final decision is up to you. To be more confident in a positive result, additionally, conduct technical and fundamental analysis yourself. For example, Binance has all the necessary tools for this.
Here are some predictions the Traders Union experts have gathered about how the world’s most popular cryptocurrency will feel in 2023:
- The most optimistic prediction came from billionaire venture capitalist Tim Draper. He believes Bitcoin will grow by 1,400% to end the year at $250,000. Tim expects things to get even better in 2024 when halving takes place, an event that happens every four years where the remuneration for mining bitcoins is halved.
- In contrast, Standard Chartered global head Eric Robertsen believes Bitcoin will fall to $5,000 next year, about 70% below its current price.
- Investor Mark Mobius makes a similarly pessimistic prediction, believing BTC will fall to $10,000 in 2023.
- Carol Alexander, a finance professor at the University of Sussex, has better news for coin owners. She believes BTC will reach $30,000 in the first quarter, rising to $50,000 in the third or fourth quarter, thanks to whales — investors with enough bitcoins to influence the market.