Bitcoin is displaying volatility this year as it jumped from $16,500 to a high of $23,800 between January-February 2023. The rise comes after a succession of losses BTC faced in 2022 post the TerraUST and LUNA crash. The collapse of FTX sent Bitcoin to fall below $18,000 in November and is recovering in price this year. Leading cryptocurrency experts weigh in on their estimations of what BTC’s price could be by the end of 2023.
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Bitcoin: What Could BTC’s Price Be By The End of 2023?
Several cryptocurrency analysts remain to be bullish on Bitcoin despite the constant murmurs of a recession. Ruadhan O, developer and founder of Seasonal Tokens, predicted that BTC could touch $27,000 in December this year. He maintained that the king cryptocurrency might not rally but could deliver decent returns in 2023.
In addition, a panel of experts from Finder’s predicted in the latest update that Bitcoin could peak at $29,095 in 2023 before falling to $26,844 by the end of the year. The Finder’s panel of experts claims that the weak global economy could stunt BTCs prospects and make it trade with less volatility.
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However, Finder’s panel painted a rosy picture for Bitcoin in 2025. The panel predicts that BTC could breach its all time high of $69,044 and touch a high of $77,000 in 2025.
“Bitcoin will emerge from the ashes of the ruins as it always has in the past, and now may be a good time to feast on the dip,” said Daniel Polotsky, chairman of CoinFlip to Finder’s. He also added, “It seems like we may be close to the Bitcoin and cryptocurrency bottom”.
At press time, Bitcoin was trading at $22,146 and is up 1.3% in the 24 hours day trade. BTC is also down 67.92% from its all time high of $69,044, which it reached in November 2021.