[Analyst: Bitcoin may rebound to $50,000 in 2023]

Bitcoin could rally to $50,000 in 2023, according to a historical price fractal highlighted by popular market analyst Mags. BTC’s price broke out of the $16,000-$25,000 range in March 2023, prompting Mags to highlight similarities to its October 2015 breakout of the $200-$300 range. Since this led to Bitcoin’s rise to $700 in June 2016, analysts believe that this situation may repeat itself in 2023, with BTC price doubling to $50,000. #BTC #crypto2023 #ETH #Binance