Massive Bitcoin Rally By 2023 Prediction

Massive Bitcoin Rally By 2023 Prediction

Despite the market corrections, there are all kinds of optimistic predictions about the prices of digital assets, especially Bitcoin. Check out he latest prediciton below.

A popular crypto strategist says he still expects Bitcoin (BTC) to kick off a strong rally by the end of the year. It’s worth noting the fact that he said that the current bearish price action is designed to shake traders out of the market.

BTC is going through its last corrective phase

Pseudonymous analyst Credible said that BTC is going through its last corrective phase before it skyrockets above $100,000 by 2023.

“Mid-cycle corrections are designed to shake you out, and they’re quite effective. Just ask the guys who sold BTC under $10k during the March capitulation event before BTC ran 1,500%. Patience. [High timeframe] structure remains intact. It’s really quite simple.”

Looking at Credible’s chart, Bitcoin’s market structure remains bullish. It looks like the king coin continues to print higher highs and higher lows.

In the short term, Credible said that he sees Bitcoin pulling back to $36,400 before reversing its trend.

“Looking for a repeat of what we saw in GREEN here in ORANGE. That is a sweep of unswept lows into demand and then a reversal. We have a high timeframe bullish divergence I mentioned previously that would get invalidated on a high timeframe close below $36k, so I don’t want to see us down there for long. BTC.”

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $39,397.

It’s also important to note that the mass adoption of crypto continues to go great these days.

Check out the latest reports that are highlighting thr fact that the mainstream adoption of digital assets is going straight to the moon.

Strike’s partnership with Shopify, Blackhawk Network, and NCR allows people to use Bitcoin in a much more mainstream way, ditching traditional payment system monopolists.




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