According to the latest optimistic predictions, it seems that Bitcoin is ready to hit new heights in 2023. Take a look at some figures that are expected by the end of the year below.
Bitcoin could hit a new ATH this year
According to a popular crypto trader, Bitcoin (BTC) is preparing to reach new heights and Chainlink’s (LINK) final corrective moves have been plotted.
The crypto analyst, Michaël van de Poppe, has informed his 668,000 followers on X, a social media platform, that BTC is poised to aim for new highs.
At the time of writing, BTC is valued at $27,984, an increase of 2.1% over the last 24 hours.
A few days ago, Van de Poppe mentioned that BTC was consolidating, which he believes will give some altcoins the necessary momentum.
“Altcoins had a substantial correction overnight, while Bitcoin is consolidating.
Last week’s trendy coins experienced a significant correction. If Bitcoin continues to consolidate, those assets are likely to maintain their momentum.
However, it may take a few days for this to happen. On the other hand, Van de Poppe believes that LINK will undergo one final correction before a breakout that could last until next year.
He suggests that there might be some retests around $7 to be bought before reaching $12-15. Looking at LINK yesterday, the trader confirmed that it was undergoing the predicted correction.
The market is still heating up for a big breakout, and if cycles occur, 2024 could be a significant year for LINK.
“Pretty substantial reaction here from LINK.
Didn’t reach my level yet, but it seems that this is the correction before a breakout upwards is the most likely occurrence.”
There are all kinds of crypto predictions coming out these days, and most regarding Bitcoin are still optimistic, regardless of the fact that the king coin is bearish for now.
