A popular analyst says new all-time highs for Bitcoin are closer than many think. The analyst also claims that Bitcoin will surpass $100,000 next year. However, he says a record-breaking bear market will follow later. An asset manager is betting on a huge BTC price of $2 million.
Bitcoin bulls have to wait a year for $100,000!
With the prediction that Q4 of 2022 will match the end of the 2018 Bitcoin bear market, few are in the mood to look for a trend change. A bold prediction recently made by LookIntoBitcoin creator Philip Swift gives just a few months for the current bear market. However, most commentators continue to aim for new lows.
But really interesting territory for popular analyst Credible Crypto is further. However, 2023 will constitute a major turning point. According to the analyst, BTC will set at least $100,000 all-time highs (ATH). However, later on, it will descend from its “flying peak” in a way that has never been seen before. For the analyst’s accurate crypto predictions, take a look at this article from Kriptokoin.com.
The analyst says the next bear market will be even lower than this year’s $17,600. Thus, it will give buyers a chance to enter the market as low as $10,000 by 2025. Credible Crypto, fellow trader and analyst Mr. He replied to the original prediction put forward by Parabullic, “Probably accepted in 2025.” In this context, Credible Crypto explains the following predictions:
First, in 2023, the new ATH will surpass the first 5th wave of over $100,000. Then comes the biggest bear market we’ve ever seen. Also, it will be worse than the current one, both in terms of time and price. This will take us to the level of 10-14 thousand that everyone expects right now.
Crypto Tony, another active social media trader, disagrees with Credible Crypto. Crypto Tony forecasts a macro low in the early next quarter followed by a new uptrend.
From $10,000 Bitcoin to $2 million Bitcoin
Elsewhere, others are giving levels between $10,000 and $16,000 as possible floor prices in the coming months. The $10,000 price tag belongs to Filbfilb, co-founder of Decentrader. See this article for filbfilb’s successful predictions. Popular analyst Capo of Crypto continues to insist that Bitcoin will enter $14,000-16,000 quickly after seeing a relief bounce around $21,000. Check out this article for accurate Bitcoin predictions from Capo of Crypto.
“All I see is there are too many shorts to be bored with,” he tells his followers on October 21. Then he suggests the leap will begin. Capo of Crypto makes the following statement:
It’s not a good idea to short squeeze the support. Send it for $21,000. Then the nuclear goes up to $14,000.
Meanwhile, asset manager Larry Lepard forecasts longer-term. Lepard is betting on a huge Bitcoin price of $2 million in the next six years. Meanwhile, BTC was trading at around $19,200 at the time of writing, according to TradingView data.
BTC 1-hour candlestick chart (Bitstamp) / Source: TradingView
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