Sirwin
Sirwin

My Thoughts About The Crypto Market Situation

By Astroboy13 | CryptoByte | 22 Dec 2023


Hi everyone, in this article I’m going to share my views about the market and how I see things going for the future.

Crypto Market

As you may know, 2023 has been crazy for the cryptocurrency market in general, but most importantly for Bitcoin, which is up 170% at the time of writing since the beginning of 2023. 

1*zZT8CBld7Inuu79L8EkQHw.png Source : Tradingview

Well, I think we are in a pre-bull run phase, where the market is recovering from the violent bear market that lasted one and a half years. 

I believe that we are still in a phase where us, crypto investors, are hoping this rally we’ve witnessed in 2023 is maybe the start of something bigger.

1*B-gwUfk55r_q-vmDYRNGbg.png Source : Wallstcheatsheet

However, we are not in a clear bull market where money comes in from people who never heard about bitcoin before, where everyone around us talks about bitcoin and how it is going to hit the moon. A good indicator regarding bitcoin interest is Google Trends :

1*SDN_akTeX1SoLpkt8uEVVw.png Source : Google Trends

As you can see above, the interest towards bitcoin is still very low, meaning that regular people who are not interested in bitcoin are not searching to know more.

The future

I’m very optimistic about what the future holds for crypto, especially towards mass adoption via the BTC ETFs that will surely be approved next year, the bitcoin halving, and the tokenization of real-world assets (RWA) that will bring crypto to the eyes of the public world.

That’s why I predict that bitcoin will hit $150k before the end of 2025

Furthermore, historically the year of the halving, the price of bitcoin rose a lot :

1*OHcre-e7fHq8AeJLJH5dGA.png Source : Coinglass

All of this combined make me believe that the golden days of crypto are ahead of us.

What about you ? What do you find exiting about the future for the crypto world ?

As Always thank you for reading !

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Disclaimer : This is not a financial advice, you need to do your own research !

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Astroboy13
Astroboy13

I'm a crypto entousiast


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