The start of a new year kicked off Bitcoin price and crypto market forecasts across social media and mainstream media platforms. Experts are debating whether bulls or bears will drive 2023’s price action. Last year, bears took over and sent the benchmark crypto back to its 2020 levels. Related Reading: Cardano Enters 2023 With A Bang, But ADA Still Bearish In The Short Term As of this writing, the Bitcoin price trades at $16,700, recording a small profit during today’s trading session. On higher timeframes, the cryptocurrency continues to record sideways price action. The latter could operate as the dominant price action for 2023. The Best Is Yet To Come For The Bitcoin Price Per a report from CNBC, the Bitcoin price is bound for an extreme shift in its trajectory. Optimistic experts, such as BTC bull Tim Draper, believe the cryptocurrency will trend higher from its current levels. Draper believes the benchmark crypto will experience a 1,400% rally, reclaim previously lost territory, and break above $250,000 by mid-2023. The BTC bulls believe macroeconomic conditions will push adoption much higher. One demo ..
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