Bitcoin Is About To Hit New ATH Sooner Than Expected

It’s just been revealed that Bitcoin will probably hit an ATH sooner than people expect. Check out the latest reports about this below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $30,005.

An important crypto analyst says that Bitcoin (BTC) is about to make a run for all-time highs a lot sooner than anyone realizes.

While most in the crypto space are expecting a lengthy period of consolidation before the next bull run, pseudonymous analyst Credible Crypto said recently that Bitcoin is set to break the six-figure mark before the end of the year.

He also made sure to explain the fact that traders are likely putting too much emphasis on the Bitcoin halving, which is slated for April of next year and has historically coincided with BTC market cycles.

According to him, the price of BTC is set to front-run the halving cycle this time around.

“It is almost universally agreed upon on CT (Crypto Twitter) that this rally will end in the 30-40k’s and give everyone 6+ months to accumulate before we head for new ATH in ’24-’25 (halving cycle theory).”

He continued and said this:

“The collapse from 30k was triggered by an unprecedented wave of black swan events that caused mass [liquidations] and panic selling- I seriously doubt that once we reclaim these levels we are just going to hang around and let everyone who panic sold comfortably take their time and reload for the ride to 70k+. That’s just not how these things work.”

There are all kinds of optimistic predictions about the crypto prices these days.

It’s been just revealed the fact that the founder of a Boston-based investment management firm says the US dollar is heading toward total collapse. This will turn out to be an event that will fuel a massive rise in the price of Bitcoin.

Larry Lepard, founder, and managing partner at Equity Management Associates, made sure to explain the fact that it’s now obvious that the dollar will continue its decades-long spiral of depreciation, to the benefit of hard assets like BTC.