Bitcoin Could See New ATH In 2023

Bitcoin could be seeing a new ATH in 2023, according to the latest reports. Check out the new predictions about the price of the king coin here.

It’s been just revealed the fact that a crypto analyst known for making the right calls for Bitcoin (BTC) multiple times over the last several years says that it is within the realm of possibility for the crypto king to ascend to a fresh all-time high this year.

Pseudonymous analyst Dave the Wave said that Bitcoin’s price action has behaved in a symmetrical pattern in recent years, while trading in a wide range between 2021 and 2023.

As the online pubcalition the Daily Hodl notes, Dave the Wave uses logarithmic growth curves (LGCs) in his technical analysis, which aim to forecast the long-term highs and lows of each market cycle.

According to the analyst, “if BTC’s recent symmetrical price action continues, an all-time high (ATH) this year wouldn’t be out of the question when considering the trajectory of the LGC.”

He stated the following:

“IF the symmetry continued, BTC pushing to ATHs (all-time highs) this year, which would still only reach the middle of the LGC channel.”

The analyst continued and said:

“For those objecting to the use of ‘IF,’ please realize that critical and speculative TA (technical analysis) is not clairvoyance. TA maps out the risk to both sides.”

We suggest that you check out the original article in order to learn more details about what the analyst had to say about BTC.

Regarding the price of BTC today, at the moment of writing this article, BTC is trading int the red, and the king coin is priced at $29,899.

There are more optimistic prediciotns about the price of BTC these days.

An important crypto analyst who nailed this year’s crypto rally says he sees a scenario where Bitcoin (BTC) erupts and rallies close to its ATH of around $69,000.

The important crypto analyst DonAlt tells his 476,800 Twitter followers that Bitcoin bulls have one more resistance level to take out at around $33,000 to give rise to a full-blown bull market. Find out more about this is our previous article.