Bitcoin’s Predictions for 2023
No one can fully guarantee the future price of any cryptocurrency including Bitcoin. All we can work with is expert predictions which are calculated guesses based on accurate historical price data.
According to CryptoPredictions.com, in the first quarter of 2023, Bitcoin will reach a maximum price of $25,321 and a minimum price of $17,195. In this quarter of the year, we should expect a monthly average price of around $20,000 in all three months in the quarter. At the beginning of the second quarter of 2023, we expect to see Bitcoin at an average price of $20,266 in the month of April. May and June do not look too different as we also expect an average price of $20,271 and $20,273 respectively.
In July, August, and September, we expect to see a minimum price of $17,231, $17,236, and $17,218 respectively. The maximum price of Bitcoin in these three months of the third quarter of 2023 is predicted to range between $25,321 and $25340. Bitcoin’s price prediction for the last quarter of 2023 is quite similar to the previous quarters. The average price of Bitcoin in October, November, and December is predicted to be $20,243, $20,225, and $20,203 respectively.
According to CryptoPredictions, the monthly minimum, maximum and average price of Bitcoin during 2023 are very similar. Throughout the year, we expect to see an insignificant (0%) monthly change in price when the maximum and minimum monthly prices are compared. This shows we are expecting a somewhat stable year for this leading cryptocurrency.
The Powerful Use Cases of Bitcoin
Bitcoin is a new kind of money and is an innovative payment network. Its use cases are streamlined to fit everyone including individuals, businesses, and developers. For individuals, the cost of transactions with bitcoin is very low and is the easiest method when compared to traditional banking systems.
Mobile payment with bitcoin is super fast with a simple two-step process of scan and pay. There is absolutely no need to swipe a card, sign up or input a pin. Mobile payment with bitcoin is super easy. As bitcoin is a very trusted cryptocurrency, it is very likely that more people will continue to adopt Bitcoin as their preferred payment method. This will definitely be a driver of future growth. In addition, Bitcoin gives individuals full control over their money and it can work almost anywhere and anytime as there is nothing like weekends or holiday breaks.
Businesses that accept credit cards and PayPal understand the problem of successful payments which are later reversed. The good news is that with Bitcoin, payments are irreversible and secure. Also, your business can easily process national and international payments with the highest level of accounting transparency. If you are a developer you can learn bitcoin and build your own bitcoin applications. The bitcoin developer website has documentation and guides to help developers who may want to build applications using bitcoin.
Also, Bitcoin and many other cryptocurrencies facilitate peer-to-peer transactions and worldwide payments with relatively low transaction fees. In some cases, it is even possible to secure your identity and be anonymous when sending money to others. Bitcoin is very usable and is trusted among crypto fans. Hence, its future growth looks very positive.
Bitcoin Technical Analysis of – Experts’ View
As of November 2022, we see a bullish expanding triangle which is followed by multiple triple bottoms. This looks like a strong buy signal for bitcoin. It is also important to note that the price has not broken below the support zone between 18,109 and 19,703 since June 2022.