Crypto Analyst Who Predicted End of 2021 Bull Market Says This Level Will Be Lowest For Bitcoin In 2023
By Benzinga
A pseudonymous crypto analyst who predicted the end of the 2021 bull market accurately, now forecast new lows for Bitcoin (CRYPTO: BTC) in 2023.
What Happened: Analyst ‘Pentoshi’ tells his 660,000 followers that the $12,000-mark will be the lowest point for Bitcoin in 2023.
However, BTC will not have any new lows until the first quarter of 2023, according to the analyst. The lowest mark for the first quarter in 2023 would be $16,900.
See More: Best Crypto Day Trading Strategies
These would be the most obvious extremes ranges that I think we can cover in 2023 for $btc. Obviously a wide range for auch a large amount of time. But the areas stick out the most
No new lows until Q1-2 2023 Imo. Those looking for them this year unlikely to get them so quickly pic.twitter.com/8UNzVclUMU— Pentoshi 🐧 (@Pentosh1) December 8, 2022
In response to a trader asking about what could induce Bitcoin to decrease another 20% below its "FTX lows" of $15.5k, 'Pentoshi' asserted, “You don’t even need a black swan…"
Time will tell. As a trader Id be open minded. You don’t even need a black swan imo
— Pentoshi 🐧 (@Pentosh1) December 8, 2022
Price Action: At the time of writing, BTC was trading at $17,221, up 2.30% in the past 24 hours, according to Benzinga Pro data.
