According To Traders Bitcoin Will Hit $120K in 2023

Today when I was scrolling crypto news around the internet and I found out this good news. Indeed a good news because its only $22k now and hitting $120k will be something awesome for crypto world, specially for investors.

Though its unpredictable. According to the research of traders bitcoin price gains 25 percent in a week.

According to experts or analyst, connection between BTC and NASDAQ still in 91% which is historical high and both are the indication of interest rate, fed policies and recession concern and looking at $DXY for guidance. These all considered as macro driven.

According to analyst Venture founder,

"Bitcoin rally looking good? Yes. But BTC shall take no pride in this rally,"
( Source)

And I really agree with it. Wish to see more progress of this rally. 2023 may bring something that can make us proud on bitcoin rally.

Image by Roy Buri from Pixabay

In a day the U.S. dollar index didn't show any successful recovery sign of staging as a result after a local bottom it was rejected at 107. According to analyst or Popular trader Sir Josh Rager, $BTC look good for $28k with a breakout. He also said that we would love to see the push up another 20 percent in order to take profits.

According to the recent tweet of TechDev (Bitcoin price indicator led analyst) to believe that in 2024, BTC/USD would see a new all-time high before its next block may having subsidy.

Researchers or experts always found tweeting the result of their research on market as a result we can get some good updates and predictions about crypto currency or bitcoin.

As we see when BTC is hitting the high, all crypto coins and increase so we can hold tight the coin we have in our wallet to make some profit from it. Or you can consider this down as the best season to invest on crypto currency. I bought a little amount worth $102 USD and at that time BTC was $30k+ but if I knew it going to be under $20 I would prefer to invest at this time.

As I said many times that things are unpredictable. My holding may get 3x profit it BTC hit $120k and I may invest on it later when I can afford more. For now this amount is affordable to me. Following the prediction of expert is good when you are investing a decent amount to buy crypto and will hold it for earning profit.

Positive news from crypto world is always great thing for we crypto lovers and holders. It boost our energy to earn more crypto and work harder. It surely something encouraging and motivating. It gives us courage to invest more and hold it for long time as investment.

Waiting for the right time is always wise. I'm really very happy after having this positive news from experts or analyst. I'm not an expert or big investor on crypto but I've a little amount on hold and when it will bring profit, my heart will surely start dancing, haha!

Have nice day my crypto lover friends!! Enjoy earning more crypto and hold it tight for the right time. Good luck.

I've published it before here: https://ecency.com/hive-167922/@shohana1/according-to-traders-bitcoin-will