Bitcoin will surge in 2023 — but be careful what you wish for
The (BTCThe () community is divided over whether the token’s value will rise or fall in the coming year. Most analysts and technical indicators predict that the price could fall to between $12,000-$16,000. This is due to a volatile macroeconomic environment, stock markets, inflation, Federal Reserve data, and (at minimum according to Elon Musk), a possible recession that could continue until 2024.
On the other side, influencers, BTC maximalists and a range of other fanatical “shills” maintain its price could skyrocket to $80,000 and beyond.