Bitcoin Will Exceed $100,000 In 2023 Before ‘Biggest Bear Market’ — Trader

Bitcoin (BTC) will surpass $100,000 next year, but the record-breaking bear market will continue, popular traders believe.

and discussion on twitter On Oct. 22, Credible Crypto backed the theory that Bitcoin’s next halving will also see macro lows of just $10,000.

BTC Bulls Just Wait a Year to $100,000

With the consensus that Q4 2022 will coincide with the end of the Bitcoin bear market of 2018, few are in the mood for a trend change.

Although LookIntoBitcoin creator Philip Swift recently made a bold prediction that the current bear market will be over in a few months, most commentators are still aiming for new lows.

However, for Credible Crypto, real interesting areas lie further down the road, and 2023 will be a major turning point.

After setting a new all-time high (ATH) of at least $100,000, he believes BTC/USD will fall from the “blow-off top” in a way never seen before.

The next bear market will bottom out even lower than this year’s $17,600, giving buyers a chance to enter the market at as low as $10,000 by 2025.

Credible Crypto responded to an initial prediction put forward by fellow trader and analyst Parabrick, saying, “Agreed, we’re thinking probably in 2025.”

“First, we’ll blow out the new ATH-100k+ Top 5 wave for 2023 – followed by the biggest bear market we’ve seen, worse than the current one in both time and price – Take us to 10-14k everyone is waiting now.”

Another active social media trader, Crypto Tony, finds it hard to agree and calls for macro lows early next quarter, followed by a new uptrend.

$10,000 Bitcoin to $2 Million Bitcoin

Elsewhere, some have indicated levels between $10,000 and $16,000 as lowest prices for the next few months.

RELATED: Global Recession Could Last Nearly 2024 Bitcoin Halving — Elon Musk

The $10,000 price tag belongs to Filbfilb, co-founder of the trading suite Decentrader, while popular Crypto analyst Il Capo believes Bitcoin has moved from $14,000 to $16,000 after recovering to around $21,000. It continues to argue that the dollar will come in soon.

“All I see is a lot of shorts to be squeezed,” he said. Said Followers on October 21, then suggest Bouncing has started.

“Reducing support is not a good idea. Send to 21k. Then go up to 14k.”

Longer term, meanwhile, asset manager Larry Leppard is betting on a massive $2 million per coin Bitcoin transaction within the next six years.

According to data from Cointelegraph Markets Pro and TradingView, BTC/USD is trading around $19,200 at the time of writing.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. All investment and trading movements involve risk. You should do your own research when making a decision.