Models and fundamentals: Where will Bitcoin price go in 2023?

Two popular ones are Elliott Wave Theory and Hyperwave Theory. While both also find their roots in traditional financial markets, their success in predicting the price of BTC has been relatively limited as well.Considering that Bitcoin only began its journey as an asset just over a decade ago, it is safe to say that the cryptocurrency is still in its nascent stages of price discovery when compared with commodities like gold or silver and other leading technology stocks like Apple and Microsoft.

Trenchev added that there are many different models and approaches that can be used to try to predict the price of Bitcoin. Some people use technical analysis, which involves studying historical price and volume data to identify patterns and trends. Others use fundamental analysis, which involves evaluating the underlying factors that can affect an asset’s demand and supply.

LN is a layer-2 payment protocol built on top of the Bitcoin network that enables fast, seamless peer-to-peer transactions. It helps improve the scalability of the network enormously. Most recently, Michael Saylor’s MicroStrategy announced that it

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Remember you can mint this article as an NFT! Get started here 👇

Imo If the fed rate hiking stop 🛑 then we gonna moon

Catalysts prediction to drive Bitcoin higher in 2023: 1) Q1: Ripple wins decision that XRP is a commodity vs. SEC. 2) Q1/Q2: Fed signals reversal on interest rates hikes. 3) Q1/Q2: EU passes MiCA rules for crypto assets and services legislation.

Bullish

Hard to predict, but with all the DeFi platforms popping up, it looks like BTC could reach the moon! Hodlers must be bullish 🚀 noFOMO cryptoinvesting

Hard to say but this bull cycle seems to have plenty of fuel left! Hodling is probably a good call. Interesting to see if DeFi can keep up the momentum and attract a wider crypto audience 🤑 cryptolife

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