BTC Price Prediction: Expert Predicts a Surge to $300,000 For Bitcoin After Halving

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The post BTC Price Prediction: Expert Predicts a Surge to $300,000 For Bitcoin After Halving appeared first on Coinpedia Fintech News

Brace yourselves, crypto enthusiasts, as Bitcoin is poised to break records and soar to unprecedented heights. That’s the daring prediction from a widely-followed crypto expert, CrediBULLCrypto, who foresees a skyrocketing Bitcoin journey toward the moon in 2023.

“This Is Just the Beginning”

According to CrediBULLCrypto, the flagship cryptocurrency is slated for a parabolic advance this year, positioning Bitcoin on the launchpad for stratospheric success.

New all time highs on $BTC in 2023 followed by the longest and most devastating bear market that we have seen since Bitcoin's inception (think .com bust but for crypto) followed by the next decade+ long secular bull market for crypto akin to what we've seen on tech stocks since… https://t.co/f7kuP62Tdd

— CrediBULL Crypto (@CredibleCrypto) July 11, 2023

The analyst’s precise destination for this bull run is elusive. Still, one thing is clear – it’s expected to be a jaw-dropping figure somewhere under $300,000. In an enlightening conversation with an inquisitive Twitter user, the renowned crypto pundit expounded on his forecast.

The user queried whether Bitcoin’s potential peak in 2023 might rule out the possibility of further ascension into 2024, to which CrediBULLCrypto responded affirmatively, hinting at a continuation of the bull run into 2024.

I expect this next parabolic advance to take us to new all time highs this year. I don’t know where the parabolic advance will end except that it typically happens a few months after we break the old highs and should be under 300k. That could mean that we see our high for this…

— CrediBULL Crypto (@CredibleCrypto) July 11, 2023

As of now, Bitcoin hovers around $30,415, affirming its dominance and bullish trend in the crypto realm by surmounting the challenges posed by the 50-, 100-, and 200-day Exponential Moving Averages (EMA). This display of resilience offers a solid foundation for the imminent breakout.

Market watchers now keenly anticipate the Consumer Price Index (CPI) report, expected to introduce a dose of volatility into the mix. With predictions placing the CPI at around 3.1%, an affirmative reading could give Bitcoin the necessary momentum to shatter the $30,500 ceiling and forge a new high.

Evidence from the Fibonacci Retracement Indicator reveals the Bitcoin juggernaut’s trajectory towards the 50% Fib level at $30,900. This bullish sentiment is echoed by both the Relative Strength Indicator (RSI) and the Awesome Oscillator (AO), both signaling escalating momentum.

Bottomline is Bitcoin appears primed for a paradigm-shifting adventure in the financial cosmos. The crypto market, it seems, is bracing for a seismic shift that will forever alter the trajectory of Bitcoin, the leading light of the crypto universe. The only question that remains is, are you ready to be a part of this exhilarating ride?

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