Announcing 2023 Bitcoin and Ethereum Expectations, the Analyst Pointed to This Date for the Bull!

Bitcoin (BTC) and cryptocurrenciesi After the bull rally in 2021, it experienced sharp decreases in 2022 with the effect of the bear market.

While investors in loss continue to be hopeful for 2023 InvestAnswers The popular analyst and host of the YouTube channel announced his predictions for when the rally in Bitcoin will begin in 2023.

In a recent YouTube video BTC’Stating that he believes the next bull rally will start in the second half of 2023, the analyst said:

“In late 2023 or after the summer of 2023, the Bitcoin bull rally could begin again.
This prediction is not guaranteed, but looking at everything I know, we had a very, very bad year in 2022.

Bitcoin has been hit hard and has suffered drops. But it won’t stay down forever. Under heavy accumulation. The supply is thinning in the stock markets.

Every single technical indicator you can look at says it’s a bottom. And people are now educated.

They know what the Bitcoin halving is all about and its importance. In this context, they know how to manage from the front. So I believe there will be a Bitcoin bull run in late 2023.”

bitcoin outside the biggest altcoin Ethereum (ETH) The analyst, who also made predictions about ETHHe said that the unlocking of staking in March could encourage many investors, including institutional investors, to lock up more of their ETH, which could put buying pressure on Ethereum.

“There will be some important developments in Ethereum in March 2023. There are already those who stake their Ethereum for around 5% interest.

Withdrawals are not activated yet, but they will be activated in March 2023.
Enabling beacon chain withdrawals can give stakers more confidence to stake more.

I think around 13% of the total supply is staked right now, but in the meantime those who have been waiting for six to nine months or more to get their ETH back will sell, which will put some selling pressure.

I think there will be a lot more stakes after selling pressure builds on Ethereum. Because there will be investors who want to stake ETH, which will also be a growing asset in the next bull run. These can come from institutions that want to receive a portion of the 5% interest.”