Pentoshi, an analyst with 697,700 followers on Twitter, suggests that Bitcoin could potentially reach $28,000 after failing to sustain above $31,000.
According to this trader, a correction below $30,000 could occur in the short term as he expects Bitcoin to regain momentum and rise to new highs in 2023, potentially reaching $40,000.
This trader also mentioned that although he predicts a price decrease for Bitcoin, the overall trend is still bullish.