Bitcoin Outlook For 2023 Is Updated By Benjamin Cowen

There is a new outlook about the price of Bitcoin for 2023, which has been updated by Benjamin Cowen. Check out the latest about all this below.

At the moment of writing this article, BTC is trading in the red, and the king coin is now priced at $22,095.

It’s been just revealed the fact that the widely followed crypto analyst Benjamin Cowen is updating his 2013 outlook for Bitcoin (BTC), warning both bears and bulls are likely to get wrecked.

In a new strategy session, Cowen said that he believes the price of Bitcoin is going to chop around for the rest of the year after the bearish market of 2022, just like it did in 2015 and 2019 after mostly bearish years.

“I think this year is going to chop up both sides of market participants, both the bulls and the bears. It’s my general expectation for the year.”

He continued and explained the fact:

“And I think some people want it to be a lot more complicated than that and say it’s going to either be down only or up only, but the truth is that if you look at 2015 and 2019, the years that follow these down only bear market years, [they] were relatively choppy and got both sides wrecked quite handily. And I don’t really expect this year to be any different.”

He also continued and said this:

“I think that you’re going see a very choppy market where we’re going to wreck both sides, both bulls and bears. Of course, we’ve started the year by wrecking the bears. This is what’s happened. So I think we’re going to see a continuation of that for the remainder of the year.”

Stay tuned for more news, and make sure to check out the crypto market for prices as well.