What Happened: Analyst Pentoshi tells his 660,000 followers that the $12,000 mark will be the lowest point forBitcoin in 2023.
The analyst said that BTC will not have any new lows until the first quarter of 2023. The lowest mark for the first quarter in 2023 would be $16,900.
In response to a trader asking what could causeBitcoin to drop 20% below its FTX lows of $15.5 k, 'Pentoshi said, You don't need a black swan. Price Action: BTC was trading at $17,221, up 2.30% in the past 24 hours, according to the data from Benzinga Pro.