A new ATH for Bitcoin until the end of this year has been predicted. Check out the latest reports about this below.
New BTC ATH has been predicted for 2023
In the latest strategy session, DonAlt, a crypto analyst who profited from the increase in Bitcoin earlier this year, predicted that the cryptocurrency could soar and reach a new high in 2023.
With 53,200 subscribers on YouTube, DonAlt explains that there is a possibility for Bitcoin to undergo a substantial surge and leave many traders behind.
Based on the current resistance levels, there is a possibility of reaching around $36,000 if we manage to break through. Nonetheless, there are reasons why we may see a drop in value. If the market sentiment shifts and moves upwards, there is still potential for growth.
It is possible that he may not be able to get a good buy-in at $30,000 as the market may move too quickly, but he said that he will make a trade to secure his position. In the worst-case scenario, he stated that he would take a small loss due to the tight invalidation, but he would be able to buy back in at $19,000 to $20,000.
DonAlt, who has over 505,300 followers on X, believes that Bitcoin’s price movement looks promising, especially after a period of decline. However, if the market does not move up soon, he will reduce his risk.
Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the green and the king coin is priced at $27,358.
Other BTC predictions
As per Jason Pizzino, a well-known cryptocurrency expert, Bitcoin’s bull market is already underway, despite the lack of significant price movement in recent times.
Pizzino recently shared his views on this matter with his considerable following of 290,000 YouTube subscribers. He believes that the bull market cycle began forming around January and is gradually evolving.
Pizzino notes that bull markets typically begin ambiguously, making it challenging to pinpoint their exact starting point.
