Bitcoin Might Shoot Above $100K Level in 2023 Before ‘Largest Bear Market’, Says Trader

According to the opinion of a renowned digital asset trader, BTC will top hundred thousand dollars next year but a record-breaking bear market will follow.

In a recent Twitter discussion, Credible Crypto endorsed a theory that Bitcoin’s next halving will also see macro lows of just 10K USD.

With the majority calling for the last quarter of 2022 to match the end of the 2018 crypto bear market, a couple of participants in the aforementioned discussion are in the mood to call for a trend change.

While a bold prediction from LookIntoBitcoin creator Philip Swift recently gave the present bear market just months to live, the majority of commentators continue to target new lows.

Nevertheless, for Credible Crypto, the undoubtedly interesting territory lies further ahead. However, as per him, 2023 will constitute a key turning point.

He is of the opinion that subsequent to setting new all-time highs of at least a hundred thousand dollars, Bitcoin might come down from its “blow-off top” in a way never seen before.

He added that the next bear market will bottom out even lower than the 17,600 USD mark achieved in 2022, giving buyers a prospect to enter the market at as low as ten thousand dollars as late as 2025.

At press time, the BTC/USD pair is trading at around 21,240 USD level, as per data from coinmarketcap.