Crypto Analyst Predicts New Bitcoin Bullrun

Crypto analyst predicts new Bitcoin bull run. Check out the latest reports below.

The closely followed crypto analyst and host of the InvestAnswers YouTube channel is making forecasts for both Bitcoin (BTC) and Ethereum (ETH) in 2023.

In a new video update, the analyst says that he believes Bitcoin will ignite its next bull run around the second half of the year.

“Late 2023, or sometime after summer 2023, the Bitcoin bull run could begin again. No guarantees in this but, looking at everything that I know, we had a very, very bad year. Bitcoin is very beaten down. It doesn’t stay down forever. It is under massive accumulation.”

He continued and said the following:

“The supply is thinning on exchanges. Every single technical indicator you could look at says it’s a bottom. And people are educated now. They know what the halving is all about, and they know to front run it. So I believe in late 2023 there will be a Bitcoin bull run.”

A popular crypto analyst weighs in on the potential gains of Bitcoin this year based on BTC’s four-year-cycle theory.

Pseudonymous crypto strategist Rekt said that he believes Bitcoin will likely bottom out this year according to the principles of the four-year cycle.

The cycle is based on Bitcoin’s halving event, when rewards issued to BTC miners are cut in half every four years. Bitcoin has historically ignited bull markets around the halving.

Rekt said the following:

“The BTC bear market is coming to an end, according to four-year cycle principles.

But a new bottoming out candle three is set to form next.”

“Past BTC candle threes have enjoyed +234% and +316% rallies

But what if we ignore candle three wicks?

Then in 2015, Bitcoin formed a +36% candle-body and in 2019 a +97% candle-body

If BTC rallies +36% in 2023 –> ~$22,300

If BTC rallies +97% in 2023 –> ~$32,400

Not far-fetched.”