The bankruptcy filing by the cryptocurrency exchange FTX has created a black hole in the crypto space as the market has lost billions of dollars because of the FTX crash. As per Coinpedia, it may mark the birth of a fresh bullish start for the crypto market by Q1 of 2023 because it sets a new goal for leading assets to bounce back to unexpected price levels.
Analysts, as always, express different opinions about the price movement of the cryptocurrency market. Of course, the collapse of the FTX exchange had a very negative impact on the entire market, so some even believe that this could extend the duration of the crypto winter until the end of next year. However, others, based on the price chart of bitcoin, predict a sharp increase in its price in the near future, which could rise to $110,000 this time. As it will be in practice, time will tell.