Bitcoin to Hit $100K in 2023 Before ‘Largest Bear Market’
A new theory endorsed by popular trader Credible Crypto states Bitcoin will top $100,000 in 2023.
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Credible Crypto took to twitter to make the statement, which also states Bitcoin’s next halving will see lows of just $10,000.
After Bitcoin hits new all-time highs (ATHs) of at least $100,000, BTC will come down from its “blow-off top” in a way never seen before, he believes.
The next bear market will see even lower lows than this year’s $17,600, according to his theory, dipping as low as $10,000 as late as 2025.
“Agreed, probably in 2025 methinks,” Credible Crypto replied to the original prediction put forward by fellow trader and analyst Mr. Parabullic:
“First, new ATH in 2023- blow-off top 5th wave above 100k- followed by the largest bear market we have seen yet that is worse than the current one in both time and price- taking us to the 10–14k that everyone is waiting for now.”
Another active social media trader, Crypto Tony, disagreed with Credible Crypto, calling for a macro low early next quarter, followed by a new uptrend.
Today, Bitcoin rose nearly 5% in value to above $20,000 for the first time in about three weeks, and ether (ETH) is ahead just shy of 11% to its highest price since the Merge, leading a broad rally in cryptocurrencies and related stocks.
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