Forecasts in the latest edition of the Capriole Bulletin, a financial circular from research and trading firm Capriole Investments projected that Bitcoin would reach 600K.
Despite BTC's price being almost 80% below its last all-time high, not everyone is pessimistic about its medium-term prospects.
Although there is still talk of a further fall before the BTC/USD pair finds its new macro bottom, Capriole believes that 2023 will be bright for bitcoin as a reserve asset.
Thanks for reading, have an exciting and productive day.
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