• Crypto market has been relatively stable recently as Bitcoin moves between $16k to $18k
• Analysts predict that the markets will bottom in the first half of 2023 as the Fed halts its increases to the Fed Funds Rate
• Investors should invest in good projects while they’re still discounted in their presales to make the most of a possible market recovery in 2023
The crypto market has remained relatively stable recently, despite a tumultuous economic climate, as Bitcoin continues to move between the range of $16,000 and $18,000. Many analysts, including Blockware Solutions, have predicted that the market will hit bottom in the first half of 2023 when the Federal Reserve ceases to increase the Fed Funds Rate.
The US is likely to remain in a declining Purchasing Managers Index environment, which could reach extreme lows, and the decline in the US‘ M2 money supply is also expected to end in 2023. This increase in market liquidity is expected to drive up prices for assets and securities, causing a bullish surge in the crypto market.
As a result, crypto whales and smart investors are preparing for the potential market recovery in 2023 by stocking up on select coins and investing in good projects before their presale discounts expire. Blockware Solutions has released a 2023 Market Forecast which details the expected market bottom and provides advice on how to make the most of the potential recovery.
It is important to note that bear markets tend to be much shorter cycles than subsequent bull markets, so investors should take advantage of the discounted prices while they can. Additionally, investors should research projects carefully and make sure to invest in projects that have potential to grow over the long term.
Crypto markets may be volatile in the short term, but with careful planning and smart investing, investors have a chance to make the most of a possible market recovery in 2023.