Bitcoin

Popular crypto analyst CrediBULL on Twitter recently shared his thesis for Bitcoin’s price action in the upcoming months. The analyst predicted that the flagship cryptocurrency would reach a new all-time high before the end of this year. According to him, October 2023 emerged as the most likely month to witness BTC’s new ATH.CrediBULL Crypto took to Twitter earlier today to share his Bitcoin analysis:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4b2d06f8a05f4250a8a1b0abb25394f9.png" />According to CrediBULL Crypto, Bitcoin recently completed a retest of the $25,200 level, which he previously described as a key support zone for the cryptocurrency. The retest was completed last week when BTC rebounded from the support level of $25,200. The analyst stated that BTC’s momentum in the next four months would deliver a new all-time high.CrediBULL Crypto set $25,000 as the price level that would catapult Bitcoin to a new ATH later this year. The analyst painted a scenario for his Twitter followers, where every monthly candle from July onwards would increase in size, translating into a parabolic advance that would constantly increase until it reaches its peak.As per the crypto analyst’s prediction, the following months would easily deliver candles as big as $10,000, meaning that the price of Bitcoin would go up by $10,000 every month. CrediBull Crypto estimated a $40,000 gap between BTC’s current price and its impending all-time high price, indicating the new all-time high to be in the vicinity of $70,000.Read full article at <a href="https://cryptotale.org/crypto-analyst-predicts-new-all-time-high-for-bitcoin-in-october-2023/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Analyst Predicts New All-Time High For Bitcoin In October 2023

CryptoTale

Other articles published on Jun 24, 2023

Bloomberg Analyst Mike McGlone on BlackRock Bitcoin ETF, BTC Price, and Recession

McHenry Advocates Regulatory Reforms To Empower Crypto Industry

Binance Faces Immediate Suspension Order from European Country: Explanation Revealed!

Why BNB’s Troubles Will Remain Despite Greenfield Update

The Calm Gamblers of the Crypto Space: Riding the Volatility with Confidence

Bitcoin Cash Skyrockets with a Whopping 79% Price Hike in Just Four Days

Join our free newsletter for daily crypto updates!