What Lies Ahead For BTC Price In 2023

Bitcoin’s price has formed a strong support near $22K and has been able to surge above many obstacles near the $23K resistance level. However, it seems that the BTC price may face a rejection near $25K and begin a short-term downward correction as it drops near 23.6% Fib retracement.
As of writing, BTC price trades at $24.5K, with a gain of over 8% in the last 24 hours. Analyzing the daily price chart, Bitcoin may begin a downward correction to its 61.8% Fib level as it faces a minor rejection near $25K. If the BTC price fails to clear $25K within the next two days, is mining crypto worth it reddit it may trigger sellers to open short positions and force BTC to drop by 1.5%.
If Bitcoin falls below EMA-20 at $22.6K, it may again head toward the bottom of $21.5K. However, Bitcoin may invalidate its bearish analysis if it opens a weekly candle above $25K, bitcoin mining calculator from which the next resistance will be at $30K.

Now there are some news about this crazy markets.

Reddit Co-Founder's Ethereum Investment Booms:
1)Alexis Ohanian, bitcoin mining latest news co-founder of Reddit and husband of Serena Williams, invested $15,000 in Ethereum during its pre-seed phase in 2014.
2)Ohanian's Ether investment has grown by over 5,000%, with the cryptocurrency trading at around $1,638.
3)Ohanian believes non-fungible tokens (NFTs) are undervalued and advocates for decentralized financial ecosystems due to his family's history of wealth seizure during the Armenian genocide.
4)Ohanian recognizes he should have invested more in blockchain technology when he had the chance in 2014.
5)Polygon and Ohanian's Seven Seven Six announced a $200 million initiative to back projects at the intersection of social media and Web3 in late 2021, tapping into the Ethereum network and its scaling solutions.

Hong Kong Legalizes Retail Crypto Trading; China Endorses Crypto Hub Ambitions:
1)Hong Kong's SFC has proposed a policy allowing retail investors to buy large-cap cryptocurrencies from licensed virtual-asset platforms starting June 1, 2023.
2)The new regime aims to provide regulatory oversight and investor protections for cryptocurrency investment activities.
3)Platforms will need to conduct knowledge assessments on investors and set exposure limits based on their financial situations.
4)The SFC emphasized the need for effective regulation and highlighted the exposure risks arising from the increasing interconnectedness between the virtual-asset market and traditional financial system.
5)China has endorsed Hong Kong's push to become a crypto hub, with officials from China's Liaison Office attending crypto gatherings and making follow-up calls to certain projects in the city

Another,Tim Draper still positive on $250K what is bitcoin mining price prediction in 2023..lol