Bitcoin's Lowest Point In 2023: What A Crypto Analyst Predicted Back In December

A pseudonymous crypto analyst who predicted the end of the 2021 bull market accurately, forecasted new lows for Bitcoin (CRYPTO: BTC) in 2023.

What Happened: Analyst ‘Pentoshi’ told his 660,000 followers in December 2022 that the $12,000-mark will be the lowest point for Bitcoin in 2023.

However, BTC will not have any new lows until the first quarter of 2023, according to the analyst. 

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In response to a trader asking about what could induce Bitcoin to decrease another 20% below its "FTX lows" of $15.5k, 'Pentoshi' asserted, “You don’t even need a black swan..." 

Price Action: At the time of writing, BTC was trading at $28,931.99, up 0.5% in the past 24 hours, according to Benzinga Pro data.

This story was originally published on Dec. 9, 2022.

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