Renowned crypto strategist and trader, Credible Crypto, has sparked excitement among the crypto community with his bold prediction that Bitcoin (BTC) will reach an unprecedented all-time high before the end of 2023.
With an impressive following of 341,500 Twitter users, the pseudonymous analyst confidently foresees a remarkable surge of more than 130% from the current value of $30,057, in a matter of mere months.
In his tweet, Credible Crypto expressed his conviction that imagining Bitcoin’s surge would soon become a reality, with the digital asset rising at approximately double the current speed. Anticipation is high as he confidently declares new all-time highs for Bitcoin within the current year.
Backing up his claims with insightful charts, the trader illustrated a support level at around $50,000 in 2024 and further projected Bitcoin crossing the $70,000 level by early 2025. However, Credible Crypto remains steadfast in his forecast that Bitcoin will achieve these remarkable levels by the end of 2023.
Analyzing the Bitcoin dominance chart (BTC.D), the trader predicts a bullish trend in BTC.D until reaching its peak at approximately 58% in late 2023. Afterward, he expects a decline, which he believes will spark an immense altcoin run, indicating exciting prospects for alternative cryptocurrencies.
According to Credible Crypto’s expert analysis, BTC.D will continue its descent for the first seven months of the following year, hitting a low of approximately 35% in July 2024. At the time of writing, BTC.D is around 51.50%.
Referring to previous observations, the trader highlights the progress of BTC dominance, emphasizing that the expected trends have been unfolding as anticipated. As Bitcoin accelerates its upward trajectory, reaching new all-time highs, Credible Crypto confidently asserts that further gains are likely in the coming months, setting the stage for an alt season like no other since 2017. He predicts that various altcoins will have their moment to shine in this highly anticipated phase.
Credible Crypto also has his sights on Hedera Hashgraph (HBAR), an Ethereum (ETH) challenger. The trader cautions that HBAR’s bottom has not been reached yet and warns of a potential dip towards $0.040 should Bitcoin experience a market correction down to the $25,000 or $26,000 levels. However, he remains optimistic and promises to update HBAR enthusiasts once further confirmation on the bottom is obtained.
In conclusion, the crypto community eagerly awaits the unfolding of Credible Crypto’s predictions, as his track record and expertise have garnered him a significant following and his insights have proved valuable in the past. The anticipation of Bitcoin’s incredible surge and the potential alt season has traders and enthusiasts buzzing with excitement and hope for the future of the crypto market.
