Technical analysis

Top Predictions for Q1 2023-Bitcoin(BTC) Price to Slash Down by 15% Soon

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, the top cryptos continue to hover under a bearish structure which may hinder the progress of the rally and keep restricted below the crucial resistance. The bears are believed to take over the rally soon and set up a bearish trend for the entire crypto space. As per a popular crypto analyst Toni Ghinea, Bitcoin price is expected to plunge heavily to reach $15,000 in Q1 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. 

Besides, some crypto enthusiasts continue to remain highly bullish on the Bitcoin (BTC) price and predict that it may reach skies if it sustains above $18000 until the end of 2022. Therefore, offering a significant push to other altcoins, the crypto winter could find an end in early 2023.

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