Bitcoin (BTC) had a rough 2022, down nearly 65% for the year after reaching an all-time high in November 2021 of just over $69K. The largest cryptocurrency opened 2023 in its familiar narrow range as of late in the mid $16K area. The drop of 65% is about the norm for a bear market as is the length of time BTC has been falling, however, most are expecting Bitcoin to fall a bit further before rallying sometime later in 2023.
