The failure of FTX has been the dark cloud looming over the entire cryptocurrency sector for the past month. Bitcoin modest upward bias is not in a sustained pattern. Bitcoin has been staying steady at the $17,000 level.
The price, which is close to its one-month high of about $17,980, has given rise to speculations that BTC may be headed back up to $19,000 price levels. There are only two weeks left for the $20,000 level, so once the monthly pivot has been added to the bull camp, expect $19,036 to be the next target for the following week.
Earlier analyst of Coinpedia analysed bitcoin price prediction for 2023 as bullish to reach $23,218.00. Will Bitcoin Price Target the $20k level Soon in 2023 start?