Bitcoin (BTC) will cross $100,000 next year, but a record-breaking bear market will follow, a famous trader believes.
in Twitter discussion On October 22, Credible Crypto supported a theory that the next Bitcoin halving will also see significant drops of just $10,000.
BTC bulls need to wait a year for only $100,000
With the consensus calling for the fourth quarter of 2022 to coincide with the end of the bitcoin bear market of 2018, few are in the mood for a change of direction.
However, for Credible Crypto, a really interesting area awaits us – but 2023 will mark a major turning point.
After setting all-time highs (ATHs) at at least $100,000, BTC/USD will drop from the “exploding peak” in a way never seen before, he believes.
The next bear market will be as low as $17,600 for this year, giving buyers a chance to enter the market at a price of up to $10,000 until late 2025.
Credible Crypto responded to the original prediction made by fellow trader and analyst Mr. Parabullik, “a deal agreed, maybe in 2025 a way of thinking.”
“First of all, the new ATH in 2023 – fifth wave top burst above 100K – followed by the biggest bear market we’ve seen so far, which is worse than the current market in both time and price – takes us to 10-14K waiting now.”
Another active trader on social media, Crypto Tony, found it difficult to agree, and called for a big drop in the early next quarter, followed by a new uptrend.
From $10,000 Bitcoin to $2 Million Bitcoin
Elsewhere, others have given levels between $10,000 and $16,000 as possible floor prices in the coming months.
Its price is 10,000 dollars belongs To Filbfilb, co-founder of trading group Decentrader, while renowned analyst Il Capo of Crypto keep insisting That $14,000 – $16,000 will come in quickly after Bitcoin sees a rebound to around $21,000.
“Shorting a support is not a good idea. Send it to 21k. Then hit it to 14k.”
In the long-term, meanwhile, asset manager Larry Leppard is betting on Bitcoin trading at Giant 2 million dollars per currency over the next six years.
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