Coin Bureau Analyst Details 2023 Crypto Outlook, Pins Date on Potential Market Turnaround
The host of the popular crypto YouTube channel Coin Bureau is expressing bullish sentiment for crypto assets this year.
In a new interview with crypto personality Benjamin Cowen, Coin Bureau’s Guy Turner says that the earliest crypto assets could start recovering from the bear market is either late in the July-to-September quarter or early in the October-to-December quarter.
“I would hope that we’ll be starting to see green shoots, starting to see signs of a recovery towards the end of the year. Maybe sort of late Q3, early Q4. But that would be you know at the very earliest for that.”
Guy, however, says that the prices of crypto assets are likely to reach new local lows first this year, possibly before April, prior to market recovery.
“I am expecting that we are going to see new lows probably in the first quarter would be my best guess.
I think we’ve got that to look forward to and then probably in terms of price action, I would imagine a fair amount of trading sideways really for the rest of the year.”
According to the Coin Bureau host, 2023 will be marked by slow accumulation and is unlikely to turn out to be a “spectacularly interesting year.”
“In terms of price action, I don’t think we’re going to see a spectacularly interesting year in those sorts of terms.
I think it’s going to be a year, especially once those lows are in, I think it’s going to be a year for slow accumulation, for dollar cost averaging and things like that.
It’s certainly a year to proceed with caution.”
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