Analyst Predicts 3 (Fairly) Bullish Scenarios for Bitcoin (BTC) Price in 2023

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 “extremely boring” 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.

Inmortal’s First 2023 Bitcoin Scenario | Source: Inmortal

In his second scenario, Inmortal does not exclude a retest of the $25,000 level after an extended consolidation near $29,000.

The analyst expects BTC to increase between the end of 2023 and the beginning of 2024. The prediction implies a repetition of the cryptocurrency’s 2016 patterns.

Inmortal’s Second 2023 Bitcoin Scenario | Source: Inmortal

Inmortal predicts a “roller coaster” in his third Bitcoin forecast with an update of the local top and a later decline.

In this scenario, the next breakout above $30,000 could occur in the late 2023 and early 2024 period and can be the starting point for further growth.

Inmortal’s Third 2023 Bitcoin Scenario | Source: Inmortal

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 Bitcoin predictions shared by experts.

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