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
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
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.
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.
Currently, Bitcoin is trading at $20,855 after a surge of 0.62% over the last 24hrs.
Source: https://coinpedia.org/bitcoin/top-analyst-forecasts-new-bitcoin-ath-here-is-when/