Will Bitcoin Hit $50K by the End of 2023?

• Bitcoin (BTC) has reached $30,176.56 with a decrease of 0.48%.
• Geoff Kendrick predicts Bitcoin hasn’t reached the target set this year.

The crypto talk of the town named Bitcoin, the top cryptocurrency has always been in demand. As the circulation supply of Bitcoin has already reached its maximum, the need and the traders have kept increasing. According to today’s trading volume, the value has reached $9 billion with an increase of 35.73%. 

According to CoinMarketCap, the current market price is $30,176.56 a decrease of 0.48%. The market capitalization has reached $588B ranking the top most in the CoinMarketCap concerning the market cap of the crypto market. 

Prediction by Geoff Kendrick

Regarding Standard Chartered, Bitcoin (BTC) should be reaching $50K this year. Unfortunately, the end of 2024 will be met with the effect of Bitcoin being $120K over the Q1 of 2023. Correspondingly, the ‘crypto winter’ has just completed and has hit the crypto market. 

Meanwhile, one of the crypto analysts, Geoff Kendrick, the amount of pressure up on Bitcoin (BTC) is yet increasing but a bit higher of 20%. Predicting the estimation, Kendrick proved that the sales is yet 100% rise and there are chances in which only sell comprise from 20 to 30% on the go. 

Alongside, the credibility of the FTX bankruptcy, the central bank hikes, and a string of ancient banks have fed with the rebound. The statistics predict that Bitcoin (BTC) leaped 80% once the year 2023 started and the state in which the current stat lies less than half of $69K. 

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Bitcoin (BTC) Price Prediction 2023