Bitcoin could be looking towards topping a sum of $100,000 next year, but this could also be followed by a record-breaking bear market- as mentioned by a popular trader.
In a discussion on Twitter that took place on the 22nd of October, Credible Crypto went on to endorse a theory that claimed that the next halving of the cryptocurrency would see the macro getting as low as $10,000. With the consensus also calling for the fourth quarter of 2022 to match the end of the bear market that the cryptocurrency had seen in 2018- there are few who seem to be in the mood to ask for a change in the trend. While a prediction from Philip Swift, the creator of LookIntoBitcoin, definitely gave the bear market just a few more months of survival, most of the commentators have been looking toward new targets to find new lows.
Bitcoin Could Try Topping Off At $100,000 Next Year
For Credible Crypto though, the really significant theory just lies beyond the horizon- but the next year will definitely be a far major turning point. After putting up all-time highs of around $100,000, the exchange will be coming down from its blow-off-top in a way that has been never seen before.
The next bear market will taper out even lower than the current year’s price at $17,600, which would be giving buyers a major chance of entering the market to a point as low as $10,000, as late as 2025. The crypto organization also replied to the original prediction by stating that Bitcoin could be looking towards blowing off the top 5th wave above a sum of 100k.
Other crypto traders have put up levels between $10,000 and 16,000 as the likely floor prices that Bitcoin could be coming up against in the next few months. The price tag of $10,000 definitely belongs to Filbfilb, which is the co-founder of Decentrader, while Il Capo has also insisted that the resistance price of $14,000 to $16,000 will be entering the market after the cryptocurrency sees a relief bounce to around $21,000.