The 4 most bearish headwinds for BTC

Bitcoin’s undervaluation has been a contended topic in the past several months, as bearish and bullish currents fight over the likelihood of a new rally.

Previous CryptoSlate analysis found that the likelihood of Bitcoin bottoming at $15,000 was pretty high, making its path toward $30,000 a clear accumulation zone. Historically, Bitcoin cycles tend to see a rally following heavy accumulation, prompting many to anticipate a bull run.

However, three years after posting its all-time high, Bitcoin is still up against significant obstacles. Aside from global geopolitical events, several internal industry trends and events could impede its further growth.

CryptoSlate’s latest market report dives deep into the four most bearish headwinds BTC could face in 2023 as it struggles to regain its ATH.