Bitcoin 2023 New ATH Incoming, Alex Kruger Predicts

It’s been just revealed that there will be a new ATH incoming this year. Check out the latest reports about the price of Bitcoin below.

According to the latest reports, economist and crypto trader Alex Krüger is bullish on Bitcoin (BTC) and predicts a new yearly high as more US banks falter.

Krüger said that he believes BTC will hit a new high for 2023 in May.

“New BTC highs coming in May. Hope you are ready for it.”

He also says that Bitcoin is showing strength against collapsing US regional banks.

“Year highs.

People [are] too bearish.

Small banks rekt (wrecked).

Negative correlation with banks paper is not a fluke.”

Another widely followed analyst is also bullish on Bitcoin this month.

Pseudonymous crypto strategist Kaleo said that he predicts Bitcoin is going to cross $40,000 in the near term.

Kaleo believes that the chart of BTC against the S&P 500 Index (SPX) indicates Bitcoin will continue on an upward trajectory after having broken out of a diagonal resistance.

The trader predicted that BTC’s value against the SPX will rise to a level last seen a year ago.

“Bitcoin vs. SPX: Looking at the BTC/SPX ratio, we still haven’t even broken above the 2017 ATH (all-time high). With BTC continuing to strengthen as its proving to be a safe haven from fear in the banks, a return to the May 2022 breakdown level feels pretty intuitive. That would be ~$40,000.”

It’s been just revealed the fact that the popular crypto analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) over the coming weeks.

Svenson said recently that Bitcoin could go parabolic if it repeats a similar pattern seen months before the last halvening.

According to the popular crypto analyst and trader, Bitcoin could surge by over 65% from the current level.

“Bitcoin is now creating a higher low right along our parabolic curve which could create the next major impulse up towards $48,000…”