This is another possible Bitcoin price projection into 2023 whereas I have also provided one for mid to late 2022. Of course, this is all speculative and you should not base any trade moves based on this theory. I am using the fib circles and pitchfan fib to help me with some kind of direction towards the $250,000 mark.
Comment:
I am leaning more to a 2021 possible run on btc because of the 4-year cycle we have on Bitcoin. What I mean is that the Bitcoin halving has a 4-year cycle event that does affect the price values on many of the altcoins in this market. For example, 2013 was my first Bull run ever experienced and then 2014-2016 we had three years of a bear market followed by 2017 the Bull run. Likewise, 2018-2020 marks the next 3-year bear cycle with 2021 being the Bull run. I thought 2022 was going to be the next Bull but now I am more in agreement with 2021 along with other factors as Pantera Capital (plus other respected TA individuals) and the Stock to flow chart by Planb suggests.