Bitcoin’s price has seen a decrease of 0.58% in the last 24 hours, dropping from $23,677.19 to $23,193.70 as of 4:00 pm[1]. In just the past hour, the price shrunk by 0.09%, leaving the current price at $23,305.74 per BTC[2]. Bitcoin is currently 66.12% above its all-time high of $19,850, set in December 2020[3].
References:
[1] Bitcoin Price | BTC Price Index and Live Chart – CoinDesk [2] Bitcoin price plummets below $25K following Celsius freeze [3] Bitcoin (BTC) Price, Charts, and News | Coinbase
However, Bitcoin is trying to recover it’s value and is climbing to 23 k level as it was 6 months ago.
Bitcoin has formed a base near the $23000 level against the US Dollar [1], and is now attempting a recovery wave [1]. The bears may be attempting to protect gains above the $23000 mark [1], indicating that the price is likely to rise in the coming months. However, there is a strong case to be made that BTC may drop sharply in the near future, potentially rising again in mid-to-late 2023 [3]. The current BTC USD price, real-time (live) charts, news and videos [2] can provide more insight into the current state of the cryptocurrency.
References:
[1] TA: Bitcoin Shows Signs of Recovery, $23K Presents Resistance [2] Bitcoin Price | BTC Price Index and Live Chart – CoinDesk [3] Bitcoin will surge in 2023 — but be careful what you wish for
What is the Bitcoin Prediction for next months?
Market experts expect that in September 2023, the Bitcoin value will not drop below a minimum of $30,323.23 [1]. The maximum peak expected this month is $34,726.74 [1], however it is predicted to reach $24764 by February 7th [2], and $23680 by February 10th [2]. The prediction for the rest of the week and month is not as clear, but it is expected that the price will continue to increase.
The next Bitcoin halving is expected to take place in early 2024 [3], and as adoption grows and the halving approaches, a new bull run should emerge [3].
References:
[1] Bitcoin (BTC) Price Prediction 2023 2024 2025 2026 – 2030 [2] BITCOIN PRICE PREDICTION FOR TOMORROW, WEEK … [3] Bitcoin Price Prediction 2023 – 2040 – Business 2 Community
