Bitcoin possible price points 2nd & 3rd quarter 2023
Updated
According to the charts Bitcoin has been moving to the upside pretty aggressively lately. These price points are only speculative and based on probabilities only. Bitcoin could reject these support/resistance trendlines. I have trendlines (solid lines) and strong support and resistance in corresponding color as dotted lines. If they match up and hit the target we could see them within the 2nd and 3rd quarter of 2023. What I have learned in plotting trendlines is they are a strong signal for possible outcomes depending on the trend of the chart. Many analysts are bullish and rightly so but there are still a few who are more cautious and predicting a lower correction if Bitcoin does not hit above the 30k level and remain there for a certain time period.
Note
downside targets are at the red box lines below higher targets at 19k and 18k respoectively.
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