Bitcoin will surpass $ 100,000 in 2023, says a famous trader

According to a major cryptocurrency trader, Credible Crypto, new price highs for bitcoin (BTC) closer than expected. But there are also unexpected depths, the analyst reports via Twitter. The trader believes bitcoin will already cross the $ 100,000 mark next year, but a merciless bear market will follow.

All right, probably in 2025 I think. First, new ATH in 2023 – outbreak of the fifth wave above 100,000 – followed by the largest bear market we have seen but which is worse than the current one in both time and price – bringing us to the 10-14,000 that everyone is waiting for. now. $ BTC https://t.co/bv0jvzOG2A

– CrediBULL Crypto (@CredibleCrypto) 21 October 2022

New highs and deeper lows for Bitcoin

Many rumors in the land of cryptocurrencies claim that the bottom of the current bear market has not yet been reached. Such Credible Crypto optimism is therefore quite contrarian. But Philip Swift of the LookIntoBitcoin platform also predicts a turnaround within a few months and perhaps this year.

“First, the new ones all-time highs; a maximum hit of over $ 100,000. And then the biggest bear market we’ve ever seen. This will be more extreme than the current one in terms of falling prices and duration. During that bear market, prices of perhaps up to $ 10,000 will be hit that everyone is currently waiting for. “

According to Credible Crypto. The analyst therefore expects an aggressive price increase towards $ 100,000 starting in 2023. This increase will be followed by a bear market of unprecedented proportions, he said. He expects this next bear market to happen in 2025.

“The next bear market will be even lower than the current low of $ 17,600. This will give buyers the opportunity to enter for perhaps $ 10,000 by 2025. “

Bitcoin price at $ 2 million

There are also people who look even further. For example, wealth manager Larry Lepard predicts a generous $ 2 million price per bitcoin within six years. Opinions are therefore fiercely divided between cryptocurrency traders and analysts. One thing is certain; and is that in the land of cryptocurrencies nothing is ever certain. The general consensus remains that the bear market has not yet hit bottom. However, the past has shown that bitcoin is no stranger to aggressive price hikes that leave investors waiting for lower prices.

Bitcoin Will Go For $ 2 Million Over The Next 5 Years: Lawrence Lepard https://t.co/kIMF2Rp0rm

– Quoth the Raven (@QTRResearch) October 22, 2022