{"id":550934,"date":"2023-09-12T15:00:02","date_gmt":"2023-09-12T15:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=550934"},"modified":"2024-06-11T07:17:23","modified_gmt":"2024-06-11T07:17:23","slug":"bitcoin-price-end-of-year","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-end-of-year\/","title":{"rendered":"Crypto Analyst Predicts Where Bitcoin Price Will Be By End Of Year"},"content":{"rendered":"

A crypto analyst<\/a> has presented their forecast for where they believe the Bitcoin price will be by the end of 2023. However, the end-of-year (EOY) price prediction is not the only interesting thing that the analyst talks about, with short-term expectations also included.<\/p>\n

Hoops To Jump Through For Bitcoin Price<\/h2>\n

Pseudonymous crypto analyst Titan of Crypto took to X (formerly Twitter) to share their latest prediction<\/a> for the Bitcoin price. This analysis uses the Ichimoku<\/a> point of view to analyze a Tenkan Cajun (TK) death cross that appeared on the Bitcoin price chart.<\/p>\n

Related Reading: Pro-XRP Lawyer John Deaton Reveals The Countries Topping The 75,000 Holder List<\/a><\/div>\n

The importance of this TK death cross is what happened to the digital asset\u2019s price the previous times it has appeared. According to Titan of Crypto, this exact death cross has appeared twice in the past two years, and each time, the outcome has been bearish for the Bitcoin price.<\/p>\n

\"Bitcoin<\/p>\n

BTC falls 20% whenever the TK death cross appears | Source: Titan of Crypto on X<\/pre>\n
As the analyst points out, Bitcoin had dropped an average of 20% when the TK death cross appeared both in June 2021 and January 2022, which does not bode well for the price right now. So another occurrence could see the Bitcoin price fall around 20% from its already low levels.<\/p>\n
The analyst also points to the packed week in terms of economic announcements such as the CPI and PPI, among others, which could have an adverse effect on the crypto market depending on their outcome. Such a drop as previously recorded could easily see the price drop to $20,300 the analyst points out.<\/p>\n
\"Bitcoin<\/p>\n
BTC price recovers above $26,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
BTC Will End The Year On A Good Note<\/h2>\n
Despite the incredibly bearish outlook that has formed for the Bitcoin price, especially in the short term, it is not all gloomy, according to Titan of Crypto\u2019s analysis. For one, the analyst does not expect the price of the digital asset to fall any lower than its already established bottom back in 2022. This means that even though the analyst sees BTC<\/a> returning toward $20,000, it won\u2019t make a new bottom.<\/p>\n
Related Reading: Crypto Analyst Presents Bull Case For XRP Price To Hit $130, Here\u2019s When<\/a><\/div>\n
Furthermore, the analyst also sees the cryptocurrency finishing out 2023 on a high note. In the same analysis, he points out that he expects Bitcoin<\/a> to cross $30,000 by year\u2019s end. \u201cOverall I believe that Bitcoin is going to go up and gravitate\/pass the $32k level by EOY,\u201d the tweet reads.<\/p>\n
Going by this forecast, even if Bitcoin does fall to $20,000, the digital asset could see a more than 30% rise before the year is out. \u201cBut this scenario hasn\u2019t played out yet and a lot of support needs to break before hoping for such a low price for #BTC,\u201d the analyst explains in a follow-up tweet<\/a>.<\/p>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has presented their forecast for where they believe the Bitcoin price will be by the end of 2023. However, the end-of-year (EOY) price prediction is not the only interesting thing that the analyst talks about, with short-term expectations also included. Hoops To Jump Through For Bitcoin Price Pseudonymous crypto analyst Titan of Crypto took to X (formerly Twitter) to share their latest prediction for the Bitcoin price. This analysis uses the Ichimoku point of view to analyze a Tenkan Cajun (TK) death cross that appeared on the Bitcoin price chart. Related Reading: Pro-XRP Lawyer John Deaton Reveals The Countries Topping The 75,000 Holder List The importance of this TK death cross is what happened to the digital asset\u2019s price the previous times it has appeared. According to Titan of Crypto, this exact death cross has appeared twice in the past two years, and each time, the outcome has been bearish for the Bitcoin price. BTC falls 20% whenever the TK death cross appears | Source: Titan of Crypto on X As the analyst points out, Bitcoin had dropped an average of 20% when the TK death cross appeared both in June 2021 and January 2022, which does not bode well for the price right now. So another occurrence could see the Bitcoin price fall around 20% from its already low levels. The analyst also points to the packed week in terms of economic announcements such as the CPI and PPI, among others, which could have an adverse effect on the crypto market depending on their outcome. Such a drop as previously recorded could easily see the price drop to $20,300 the analyst points out. BTC price recovers above $26,000 | Source: BTCUSD on Tradingview.com BTC Will End The Year On A Good Note Despite the incredibly bearish outlook that has formed for the Bitcoin price, especially in the short term, it is not all gloomy, according to Titan of Crypto\u2019s analysis. For one, the analyst does not expect the price of the digital asset to fall any lower than its already established bottom back in 2022. This means that even though the analyst sees BTC returning toward $20,000, it won\u2019t make a new bottom. Related Reading: Crypto Analyst Presents Bull Case For XRP Price To Hit $130, Here\u2019s When Furthermore, the analyst also sees the cryptocurrency finishing out 2023 on a high note. In the same analysis, he points out that he expects Bitcoin to cross $30,000 by year\u2019s end. \u201cOverall I believe that Bitcoin is going to go up and gravitate\/pass the $32k level by EOY,\u201d the tweet reads. Going by this forecast, even if Bitcoin does fall to $20,000, the digital asset could see a more than 30% rise before the year is out. \u201cBut this scenario hasn\u2019t played out yet and a lot of support needs to break before hoping for such a low price for #BTC,\u201d the analyst explains in a follow-up tweet. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":550939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,678,679,1119,89185,1144,78790],"class_list":["post-550934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-prediction","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Where Bitcoin Price Will Be By End Of Year<\/title>\n<meta name=\"description\" content=\"A crypto analyst has presented their forecast for where they believe the Bitcoin price will be by the end of 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Where Bitcoin Price Will Be By End Of Year","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-end-of-year\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-end-of-year\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1314199360.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1314199360.jpg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin prediction","bitcoin price","btc","btc news","btcusd","btcusdt"],"dateCreated":"2023-09-12T15:00:02Z","datePublished":"2023-09-12T15:00:02Z","dateModified":"2024-06-11T07:17:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Where Bitcoin Price Will Be By End Of Year\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-end-of-year\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-end-of-year\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1314199360.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1314199360.jpg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin prediction\",\"bitcoin price\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-09-12T15:00:02Z\",\"datePublished\":\"2023-09-12T15:00:02Z\",\"dateModified\":\"2024-06-11T07:17:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1314199360.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/550934"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=550934"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/550934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/550939"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=550934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=550934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=550934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}