Top Analyst Forecasts New Bitcoin ATH – Here Is When

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Since this morning, the world’s largest cryptocurrency by market cap, Bitcoin, has been hovering around $21K. This bullish momentum has influenced other cryptocurrencies like Ethereum, Solana, XRP, BNB, Cardano and other major altcoins.

Meanwhile, a well-known crypto analyst and trader, Credible is showcasing his bullish analysis towards Bitcoin. The analyst informs his 335,700 Twitter followers that Bitcoin’s bear market has officially occurred.

The analyst says that as Bitcoin surpassed $21,500 this morning, but he urges that Bitcoin bottom has kicked in. Hence, there might be a pullback around $18,000 before a surge

21.5k has been breached on futures exchanges. Spot exchanges have hit just shy of 21.5k but I've seen what I need to. It's ON, bottom is officially in imo. Watch 18k's for a pullback (if we get one). $BTC https://t.co/5djXxx16RG pic.twitter.com/vuAqDAUX8s

— CrediBULL Crypto (@CredibleCrypto) January 14, 2023

Furthermore, the analyst claims that once Bitcoin starts its journey above $21,500 again, the flagship currency will surge towards its new all-time high in the next six months

And here we go…next impulse has either begun or is imminent and $BTC dominance is beginning to spike off the teal region as expected. Expecting a mega run in dominance as $BTC rallies to new ATH over the next 6 months or so. https://t.co/D8cmKuPhR9 pic.twitter.com/V5zW5VAk9d

— CrediBULL Crypto (@CredibleCrypto) January 14, 2023

Bitcoin At New ATH?

Next, the strategist argues that Bitcoin’s currency trade is mirroring that of September 2020. During this time BTC was trading near $9,000 before spiking towards its ATH of $60,000 level.

It’s happening. Again. $BTC https://t.co/r7LkXI6yI9

— CrediBULL Crypto (@CredibleCrypto) January 14, 2023

As per Credible, Bitcoin has entered 5th wave of Elliott Wave and will soon see a new ATH around $150,000. He expects this to happen by 2023.

Who's ready for the 5th wave to new all time highs in 2023? $BTC

(if you want to understand context behind the chart below, you can watch this short 12 minute vid I made which explains my logic/rationale for this idea: https://t.co/dOz60AwwlK) https://t.co/1OJXwbqPm1

— CrediBULL Crypto (@CredibleCrypto) January 14, 2023

Currently, Bitcoin is trading at $20,855 after a surge of 0.62% over the last 24hrs.

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