Bitcoin Price Soars 70% in 2023 as Analysts Forecast Further Gains Amid Bullish Sentiment

Bitcoin (BTC) price is up over 70% in 2023 amid banking crisis and hopes for a spot BTC ETF approval in the U.S.

Some analysts see BTC reaching $50,000 by year's end, citing increased miner profitability reducing supply.

BTC's price action mirrors 2017-2020 period, potentially leading to a decisive bull run per one analyst.

Technical setup hints at $32,000 target for BTC by end of 2023.

Overall sentiment is bullish on Bitcoin for rest of 2023, with models pointing to $130,000 after 2024 halving.