Crypto Analyst Predicts Beginning of Next Bitcoin Bull Run, Lays Out March 2023 Ethereum Forecast

Crypto Analyst Predicts Beginning of Next Bitcoin Bull Run, Lays Out March 2023 Ethereum Forecast

The closely-watched crypto analyst and YouTube channel InvestAnswers host make predictions for Bitcoin (BTC) and Ethereum (ETH) in 2023. In a new video update, the analyst says he believes Bitcoin will fuel its subsequent bull runs around the year’s second half. “The Bitcoin bull run could start again in late 2023 or sometime after the summer of 2023. There’s no guarantee of that, but from what I can tell, we’ve had a very, very bad year. Bitcoin is hit hard.

It only stays down for a while. It’s under massive construction. The supply on the stock exchanges is shrinking. Every technical indicator you can look at says it’s a bottom. And people are educated now.

They know what halving is all about and how to do it. So, there will likely be a bitcoin bull run by the end of 2023. Looking ahead to Ethereum, the analyst says that enabling the staking to unlock in March could encourage more companies, including institutions, to lock up their ETH, putting buying pressure on the leading innovative contract platform.

“A few things are happening in March 2023. Participants staking their Ethereum are currently earning around 5% annual interest for pledging their ETH to back up the chain. However, withdrawals have not been activated but will be activated in March 2023 upon activation of Beacon chain withdrawals… could give participants more confidence to bet more and sell, generating some selling pressure.

But after the selling pressure, it will generate a lot more stakes, maybe even from institutions that want to get some of that 5% for staking their ETH, which will be a growth stock. Also, in the next bullfight.

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