RE: Steemit Crypto Academy Contest / S7W4- Cryptocurrencies continue to recession or rebound in 2023
True
The cryptocurrency market is indeed a highly volatile and unpredictable space, making it challenging to make predictions with certainty. Based on the current Total Market Cap of cryptocurrencies and the trend of Bitcoin, it's possible that we may see a rebound in 2023, but it's unlikely that we will reach an All-Time High (ATH) this year.
While it's possible that Bitcoin may recover to a certain extent, say around 40k, it's important to keep in mind that these are just speculative predictions and not definite outcomes. The cryptocurrency market is highly risky and anything can happen at any moment.
Therefore, it's always advisable to do your own research and not blindly follow any single view or opinion. Make informed decisions based on your own analysis and understanding of the market trends and conditions. Don't invest more than you can afford to lose and always be prepared for the inherent risks involved in the cryptocurrency market.
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You’re very much welcome, it’s my pleasure:)