Looking at the daily chart of BTC/USDT, the BTC price was swinging from $16,514 to $25185.29 within the past few weeks after going to its lowest of the month at $16,514. Bouncing back from the support level, BTC is trying to break out its previous order block placed at the previous strong high. If the bulls are able to break out of that order block, we can expect Bitcoin to rise up to another level around $30,000-$32,000.
Meanwhile, our long-term BTC price prediction for 2023 is bullish if it cannot break the support level. We can expect BTC to reach $31,000 this year.
Meanwhile, our long-term BTC price prediction for 2023 is bullish if it cannot break the support level. We can expect BTC to reach $31,000 this year.