Bitcoin’s road ahead is getting paved with more and more success, and this is happening faster than expected. Check out the latest on the trajectory of the most important digital asset out there.
Bitcoin’s road gets brighter
A really popular crypto trader who we keep mentioning and who goes by the name Credible Crypto, believes that Bitcoin (BTC) will reach its cycle top sooner than many other digital asset analysts predict.
In a recent post on the social media platform X, Credible Crypto stated that he thinks BTC has been in the same cycle since 2018 and is headed towards a blow-off top before 2025.
Blow-off tops involve significant price and volume increases, followed by dramatic decreases.
Credible Crypto’s theory contradicts the popular four-year cycle theory, which suggests that Bitcoin started its most recent bull cycle in late 2022 and will top out in 2025/2026.
In late December, the analyst stated that he expects BTC to surge to a new all-time high in the first quarter of this year and break $100,000 in mid-2024. He thinks this will correspond with the end of Bitcoin’s current parabolic run.
“In the coming months I expect further continuation upwards, at a more aggressive pace than we have seen thus far, as we build up to what will be a blow-off top for the books to conclude this multi-year cycle.”
Credible Crypto made sure to state the fact that “the first major secular Bitcoin bear market” will begin by 2025, catching many in the crypto space off guard.
BTC is trading at $45,398 at the time of writing.
Bitcoin new price target is out
Recent reports indicate that a popular crypto analyst believes that Bitcoin (BTC) will experience significant growth following the approval of 11 BTC exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
According to the analyst, Michaël van de Poppe, who has over 683,000 followers on the social media platform X, BTC could reach a value as high as $600,000 during this market cycle.
In order to learn more details about this, make sure to check out the previous article that we shared.
