David Gokhshtein reckons Bitcoin has bottomed out as it is trading at $17,000 level
According to a recent tweet, David Gochstein, founder of Gochstein Media and former US Congressional candidate, believes that bitcoin has finally bottomed.
Meanwhile, a Bloomberg analyst believes that while next year may still be hard for risk assets, including Bitcoin, there will be a tailwind for the flagship cryptocurrency in it.
“I’m glad bitcoin finally bottomed out”
Gokshtein believes that the leading digital currency has finally bottomed out and will now begin a gradual reversal and move north.
In an earlier tweet, however, the founder of Gokhshtein Media admitted that he does not believe in Bitcoin reaching the widely-believed-in $1,000,000 level within the next few years. Instead, he named a much more modest price prediction for Bitcoin – $250,000 per coin. This is the price that would suit him, per the tweet.
Potential tailwind for bitcoin in 2023
Jamie Coutts, crypto market analyst for Bloomberg Intelligence, tweeted yesterday that he believes the coming year of 2023 could be problematic for risk assets as the recession could persist.
However, since global liquidity measures are beginning to turn around (a reference to a recent statement made by the Fed Reserve chair, perhaps, about cutting down interest rate hikes), a tailwind for Bitcoin might be created, as well as “the tentative beginning of a new cycle.”
As previously reported by U.Today, Eric Robertson, a top expert at Standard Chartered Bank – global head of research there – believes that in 2023, bitcoin could continue to decline and hit $5,000. can reach lower levels.
The plunge, if it happens, he stated in a note on Sunday, would be down to the recent collapse of the FTX exchange. Robertsen thinks that investor interest would turn to gold, which may see a 30% rally next year, and away from the “digital gold,” Bitcoin.
Curiously, prominent venture investor Tim Draper, who is known to be supportive of bitcoin, recently confirmed his earlier forecast of BTC reaching the $250,000 mark. Earlier, he claimed that BTC would soar in 2022, but now, he has added another halving and predicted mid-2023.
At the time of this writing, Bitcoin is changing hands at $16,990, remaining near the $17,000 level so far.
