Bitcoin price prediction in 2023
According to Iran Economist, citing Crypto, last year Bitcoin fell from its highest price of about 70,000 dollars, but what will be the price trend of Bitcoin in the new year?
When Bitcoin first reached its all-time high of around $20,000 in 2018, it immediately fell by around 80%. After that, the price of Bitcoin fluctuated between $5,000 and $12,000 for about a year, then returned to a strong upward trend.
But Bitcoin is still on a downward trend, which is about minus 77% from its all-time high to date. Analysts expect the price of Bitcoin to fall further towards 12,000 to 15,000.
If the above assumption is correct and Bitcoin reaches the lowest level of around 12,000, Bitcoin may return to a higher price from that level. Looking at how Bitcoin has improved in the past, we find that the price of Bitcoin increased from $10,000 to $60,000 in 6 months. This assumption suggests that the third quarter of 2023 should confirm the bearish trend and open a new bull cryptocurrency market. By then, Bitcoin could reach at least 70% of its previous price peak.
The total value of the global digital currency market is currently estimated at 806.22 billion dollars, which has increased by 0.92% compared to the previous day. Currently, 39.87% of the total digital currency market is owned by Bitcoin, which has decreased by 0.27% in one day.
The total volume of the digital currency market in the last 24 hours is 23.45 billion dollars, which has increased by 30.52%. The total volume in decentralized finance is currently $1.70 billion, which is 7.24% of the total 24-hour cryptocurrency market volume. The volume of all stablecoins is now $21.04 billion, which is 89.73% of the total 24-hour cryptocurrency market volume.
Digital currency price update (up to 08:14 EST)
This category contains the price changes of the 10 largest digital currencies in terms of market capitalization.
1- Bitcoin
Price: 16,693.14 dollars
Price changes in the last 24 hours: 0.00% increase
Price changes of a recent week: 0.28% increase
2- Ethereum
Price: $1,214.86
Price changes in the last 24 hours: 0.03% decrease
Price changes in the last week: 1.17% increase
3- Tether
Price: $0.9998
Price changes in the last 24 hours: 0.00% increase
Price changes in the last week: 0.01% increase
4- USD coin
Price: $0.9999
Price changes in the last 24 hours: 0.01% decrease
Price changes in the last week: 0.00% decrease
5- Binance Coin
Price: $245.67
Price changes in the last 24 hours: 0.05% decrease
Price changes in the last week: 0.99% increase
6- Ripple
Price: $0.3445
Price changes in the last 24 hours: 0.38% increase
Price changes in the last week, 5.33% increase
7- Cardano
Price: $0.2531
Price changes in the last 24 hours: 0.00% increase
Price changes in the last week: 1.46% increase
8 – Dogecoin
Price: $0.07157
Price changes in the last 24 hours: 0.02% decrease
Price changes in the last week: 2.31% increase
9- Polka dot
Price: $4.49
Price changes in the last 24 hours: 0.12% decrease
Price changes in the last week: 0.93% increase
10- Solana
Price: $11.25
Price changes in the last 24 hours: 0.50% increase
Price changes in the last week: 12.79% increase