Bitcoin will exceed $100,000 in 2023 before the “biggest bear market”!

Bitcoin will exceed $100,000 in 2023 before the “biggest bear market”!

Bitcoin (BTC) will surpass $100,000 next year, but a record-breaking market will follow, according to a well-known trader.

During a chat on twitter on October 22, Credible Crypto supported a theory that the upcoming bitcoin spread will also see a macro low of just $10,000.

Bitcoin proponents only have to wait a year to reach $100,000

With consensus predicting the fourth quarter of 2022 to be the end of the 2018 bitcoin bear market, few are in the mood to herald a change in trend.

Although the creator of LookIntoBitcoin, Philip Swift, recently gave a bold prediction that the current bear market had only months to live, most commentators are still targeting new levels.

However, for credible Crypto, the truly interesting territory lies further out, but 2023 will be a major turning point.

After setting new all-time highs (ATH) of at least $100,000, the BTC/USD pair will descend from its “explosive platform” in an unprecedented manner, according to him.

The next bear market will bottom even lower than this year’s $17,600, allowing buyers to enter the market as low as $10,000, until 2025.

“Okay, probably in 2025 I think,” Credible Crypto responded to the prediction put forward by fellow trader and analyst Mr. Parabullic.

“First, a new ATH in 2023, an explosive 5th wave above $100,000, and the biggest bear market we’ve seen so far worse than the current one. $10,000 and $14,000 that everyone is waiting for now. »

Another active social media trader, Crypto Tony, had a harder time agreeing, calling for a macro low at the start of the next quarter, followed by a new uptrend.

From $10,000 to $2 million per bitcoin

In the rest of the sector, others have cited levels between $10,000 and $16,000 as likely price floors in the coming months.

Also read: Global recession may last until 2024 as bitcoin boom approaches according to Elon Musk!

The $10,000 price tag comes from Filbfilb, the co-founder of the Decentrader trading platform, and popular analyst Il Capo of Crypto continues to claim that the $14,000-$16,000 levels will quickly come into play after a relief bounce around $21,000 bitcoin.

“I just see a lot of short positions that should be pushed. “, is declared to its subscribers on October 21, praising after that the reversal was now beginning.

“Cutting the support is not a good idea. Send it to $21,000. Then blow it up to $14,000. »

Long-term, meanwhile, asset manager Larry Lepard has promised that bitcoin will trade at a whopping $2 million per unit within the next six years.

The BTC/USD pair was trading at around $19,200 at the time of writing, according to data from Cointelegraph Markets Pro and TradingView.

Hourly candlestick chart of the BTC/USD pair (Bitstamp). Source: Trade View

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of All investments and transactions involve risk. You should do your own research before making a decision.

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