Crypto microblogger Inmortal recently tweeted his three potential Bitcoin (BTC) price scenarios over the next one to two years.
The first scenario assumes that BTC be range-bound until this fall. Price action will become āextremely boringā crypto investors by moving in the $20,000-30,000 range.
Active growth of BTC will start in the fourth quarter of 2023. The analyst predicts that it will break through the $30,000 level and move toward $48,000 during this period.
Sponsored
In his second scenario, Inmortal does not exclude a retest of the $25,000 level after an extended consolidation nearĀ $29,000.
The analyst expects BTC to increase between the end of 2023 and theĀ beginning of 2024. The prediction implies a repetition of the cryptocurrencyās 2016 patterns.
Inmortal predicts a āroller coasterā in his third Bitcoin forecast with an update of the local top and a later decline.
In this scenario, the next breakout aboveĀ $30,000Ā could occur in the late 2023 and earlyĀ 2024Ā period and can be the starting point for further growth.
The analysts assigned a 60-70% probability for the first outcome, a 50% probability for the second, and a 30-40% possibility for the third.
BeInCrypto editors recently published 2023 BitcoinĀ predictionsĀ shared by experts.
For BeInCryptoās latestĀ BitcoinĀ (BTC) analysis,Ā click here.
