A popular analyst says new all-time highs for Bitcoin are closer than many think. The analyst also claims that Bitcoin will exceed $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!
Few are in the mood to look for a trend change, with the claim that Q4 of 2022 will match the end of the 2018 Bitcoin bear market. An auspicious prediction recently made by LookIntoBitcoin creator Philip Swift gives only a few months for the current bear market. However, many commentators continue to aim for new baselines.
But for the well-known analyst, Credible Crypto, the truly different region is further afield. However, 2023 will be a big turning point. According to the analyst, BTC will set all-time highs (ATH) of at least $100,000. But, later on, it will descend from its “flying peak” in a form never seen before. For analyst’s accurate crypto predictions Koindeks.comTake a look at this article.
The analyst says the next bear market will be even lower than this year’s $17,600. As such, it will give buyers a bet to enter the market as low as $10,000 by 2025. Credible Crypto, fellow trader and analyst Mr. He replied, “Probably accepted in 2025,” to the original assumption put forward by Parabullic. 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 what’s available, both in terms of time and price. This will take us to the level of 10-14 thousand that everyone expects right now.
Another active social media trader, Crypto Tony, disagrees with Credible Crypto. Crypto Tony claims 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 mid-$10,000 to $16,000 as base prices expected in the coming months. The $10,000 price tag is for Filbfilb, co-founder of Decentrader. See this article for Filbfilb’s successful conjectures. Recognized analyst Capo of Crypto continues to insist that Bitcoin will enter $14,000-16,000 after seeing a relief bounce around $21,000. Check out this article for capo of Crypto’s accurate Bitcoin claims.
“All I see is there are too many shorts to be bored with,” he tells his followers on October 21. He suggests that then the leap will begin. Capo of Crypto makes the following statement:
Short-squeezing the support is not a good enough idea. Send it for $21,000. Then the nuclear goes up to $14,000.
In the middle, asset manager Larry Lepard is making a longer-term forecast. Lepard is betting on a huge Bitcoin price of $2 million in the next six years. In the middle, according to TradingView data, BTC was trading at about $19,200 at the time of writing.