Home » Kelly’s Corner » Bitcoin Hits All-Time High Again Is Bitcoin a Good Investment? Bitcoin is showing signs of a steady rise in value as it reached $23,000 in January 2023 for the first time since August 2022. Analysts are forecasting that Bitcoin and other crypto assets will see new highs in the coming months of the year. However, it is difficult to determine whether this Bitcoin rise signals a recovery or is just a temporary Bitcoin bubble. Predictions for Bitcoin’s value in the next decade are highly uncertain and subject to numerous factors that can impact the market. Here is our Bitcoin price forecast from 2023 to 2032.
If a new all-time high is confirmed, indicators suggest further upside for BTC’s price, initially toward the $86,000 resistance level. Seasonal strength in the fourth quarter could support continued bullish activity over the next two months. Market Analysis Ethereum, or ether, is the second largest cryptocurrency in the world after bitcoin, which sometimes even outperforms bitcoin. It surely is a worthy pick among the best cryptos to invest in 2022. Other blockchain networks are restricted to their services, but Ethereum offers a complete ecosystem to its users. Many cryptocurrencies function on the Ethereum blockchain.