If the same technicals of growth, volatility, and previous lows and highs math estimates are correct, then as strange as it may sound, Bitcoin is 23% likely to reach $170,000 by Oct 31st 2023.
Not to mention the fertile environment for Bitcoin given;
1. The recent turmoil in the regional banking world and the lack of trust of the banking system being reinforced.
2. The decline of BTC in 2022 was arguably related to the massive interest rate hikes by the Fed, and they (The FED) are now likely to stop raising rates due to #1.
3. The correlation btwn Gold and Bitcoin has re-emerged in recent weeks
Not to mention the fertile environment for Bitcoin given;
1. The recent turmoil in the regional banking world and the lack of trust of the banking system being reinforced.
2. The decline of BTC in 2022 was arguably related to the massive interest rate hikes by the Fed, and they (The FED) are now likely to stop raising rates due to #1.
3. The correlation btwn Gold and Bitcoin has re-emerged in recent weeks