Bitcoin Could Shift Trajectory In 2023

It’s been revealed that Bitcoin could see a shift in its price trajectory in 2023. Check out the latest prediciotns about the price of the king coin below.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $16,870.

Popular crypto analyst Benjamin Cowen said that Bitcoin (BTC) holders should be on the lookout for one signal that could mark the end of the king crypto’s extended bear market.

In a new video, Cowen said that Bitcoin’s current percentage drawdown from its all-time high is approaching a level that signaled the bottom of the 2018 and 2014 bear markets.

“Bitcoin is sort of in this range of being 75% down from the all-time high, so it’s sort of like in between. It’s not at the levels that it was at in this past summer, but it’s also not as far down as it historically goes either…”

He continued and said the following:

“If the months pass us by and you see the percentage drawdown from all-time high for Bitcoin really start to match what you’ve seen in prior bear markets, it would be at least a sign that things could finally start to be turning.”

Shark Tank investor and Dallas Mavericks owner Mark Cuban says he’s looking to buy more Bitcoin (BTC). The catch is that he will not buy at the current prices.

In a new interview with Club Random podcast host Bill Maher, the billionaire says he continues to support Bitcoin and intends to buy more if it declines in value.

“I want Bitcoin to go down a lot further so I can buy some more.”

Cuban also says that he’s choosing Bitcoin over gold, a precious metal traditionally viewed as a hedge against fiat currency inflation.