The price of bitcoin in 2023 is projected to range from $53,038 to $64,734, with an average price of about $54,557. In July, other BTC price forecasts were presented that suggested it could reach the $69,000 mark by the end of 2023.
However, BTC price forecasts provided by an economics forecasting agency were rather pessimistic, predicting a trade of $8,513 to $12,846, and those forecasts have been somewhat shattered.
According to the Analytics Insight report, analyst Sayantani Sanyal predicts that bitcoin will reach the $100,000 mark by the end of 2023.
The Bitcoin Wave model, meanwhile, predicts that the bitcoin price will fluctuate between $80,000 and $25,000 during 2023, dropping to around $50,000 by June 2023.