A new all-time high will eliminate the fifth wave above USD 100,000 before the worst bearish market in history. Filbfilb believes Bitcoin might reach USD 10,000, while The Chief of Crypto predicts between USD 14,000 and USD 16,000.
Well-known trader CrediBULL Crypto believes Bitcoin (BTC) will hit USD 100,000 in 2023, preceding the worst bearish market ever seen. He recently endorsed on Twitter the theory that the next Bitcoin halving will also reach macro lows of only USD 10,000.
The Bulls Might See Bitcoin Reach USD 100,000 Next Year
Consensus wants the fourth quarter of 2022 to match the end of the 2018 Bitcoin bearish market. That has caused few to be in the mood to ask for a change in the trend.
According to Philip Swift, the creator of LookIntoBitcoin, the current bearish market will end in a few months. However, commentators on Twitter still predict the price of Bitcoin will reach new lows.
Although CrediBULL Crypto considers the interesting territory lies further ahead, he thinks 2023 will be a crucial turning point. He believes Bitcoin will drop from its high like never before after reaching new all-time highs of at least USD 100,000.
CrediBULL Crypto said the following bearish market would also bottom below USD 17,600 this year. He considers this would allow investors to enter the market with USD 10,000 until 2025.
In response to a public prediction by Mr. ParaBULLic, CrediBULL Crypto pointed out that might happens in 2025.
The trader said a new all-time high in 2023 would eliminate the fifth wave above USD 100,000 before a record bearish market. He believes it will be worse than the current one in terms of time and price, taking the Bitcoin price to between USD 10,000 and USD 14,000.
Crypto Tony, another trader, predicted a macro low early in the next quarter before a new bullish trend.
Larry Lepard Believes Bitcoin Might Reach USD 2 Million by 2028
Others have said Bitcoin will reach from USD 10,000 to USD 16,000 in the coming months.
According to Filbfilb, the co-founder of the trading suite Decentrader, the price will reach USD 10,000. Meanwhile, famous analyst Il Capo of Crypto predicts Bitcoin will trade between USD 14,000 and USD 16,000 after a relief rally of around USD 21,000.
Il Capo of Crypto told his Twitter followers it is convenient to tighten many shorts, suggesting a rebound has begun. He explained that reducing support is not a good idea, advising to send it to USD 21,000 and then to USD 14,000.
Meanwhile, the asset manager Larry Lepard predicts that Bitcoin will trade at USD 2 million over the next six years. He believes the price might rise 100 times, which is curious due to the current market situation.
Bitcoin is trading at around USD 19,166 and has accumulated a 0.1% gain over the last 24 hours. While its daily trading volume is above USD 13.20 billion, its market capitalization is about USD 367.81 billion, according to CoinGecko.
By Alexander Salazar
