Bitgert Price Prediction for 2023: Continued Decline Ahead?

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Despite going up by 3 per­cent at press time, in today’s trad­ing ses­sion, Bit­gert con­tin­ues to strug­gle in the mar­kets, which has seen its val­ue drop­ping by 8 per­cent this week, and 10 per­cent for the month. Through­out the year, Bit­gert has also strug­gled to estab­lish a trend, which has seen its val­ue drop by over 80 per­cent year-to-date, and 92 per­cent from its all-time price high of $0.00000404, which it set on August 13, 2021.

Brise in 2023

Today, as the year comes to an end, there are many rea­sons to believe that we might con­tin­ue to see the same bear­ish trend of Bit­gert con­tin­ue into the next year. For starters, events such as the mid-May col­lapse of UST and Ter­ra Luna and the FTX cryp­to exchange col­lapse of Novem­ber, are like­ly to con­tin­ue impact­ing the cryp­to indus­try, which will see it remain in the cur­rent bear­ish trend. 

There is also a high like­li­hood that we might see Bit­gert con­tin­u­ing to be dragged down by the indus­try-wide bear­ish trend. Due to its sig­nif­i­cant cor­re­la­tion with indus­try trends, it means that every time the indus­try stands a down­ward trend, Bit­gert price is also dragged down, a phe­nom­e­non I expect to con­tin­ue into 2023. 

There is also a high like­li­hood that, in the first few months of 2023, we will see more cryp­to projects fil­ing for bank­rupt­cy, as we saw last month with Block­Fi. The con­tin­ued neg­a­tive press from these fil­ings will like­ly impact the whole indus­try and result in fur­ther Bit­gert price drop. 

Over­all, my Bit­gert price pre­dic­tion for the first few months of 2023 is a con­tin­ued price decline. There is a high like­li­hood that we might see it falling below the $0.00000020 price lev­el in the first few weeks of 2023.

Is it the Right Time to Invest in Bitgert?

As seen from the above analy­sis, I expect the cur­rent Bit­gert bear­ish trend to con­tin­ue into 2023. My analy­sis above also shows I expect the price to drop below the $0.00000020 price lev­el in the first month of January. 

There­fore, short-term traders look­ing to buy Bit­gert, they must con­sid­er the risk of a con­tin­ued price drop. How­ev­er, for long-term hold­ers, there is still a chance that we might see Bit­gert recov­er­ing with­in the first quar­ter of the year. 

Daily Chart

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