The head of digital assets research at global investment behemoth VanEck, Matthew Sigel, is predicting wild fluctuations for Bitcoin (BTC) over the coming months.

Starting with a bearish forecast, Sigel says in a post detailing his crypto predictions for 2023 that Bitcoin could fall to between $10,000 and $12,000 in next year’s first quarter.

“Bitcoin will test $10,000 – $12,000 in Q1 amid a wave of miner bankruptcies, which will mark the low point of the crypto winter.
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