Bitcoin New ATH Prediction Is Out – Here’s When BTC Price Could Explode

It’s been just revealed that we have a reason to celebrate. Bitcoin could be seeing a new all-time high soon. Check out the latest reports about this below.

Bitcoin new price prediction is out and things seem to be getting better for the king coin soon.

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $27,129.

A popular crypto strategist is predicting that Bitcoin (BTC) could reach a new all-time high in the next 18 months.

The anonymous host of InvestAnswer said that Bitcoin may print a new high in June 2024.

According to the crypto trader, his estimate is based on the average time it took during prior cycles for Bitcoin to recover after reaching all-time highs and then collapsing.

As noted by the online publication the Daily Hodl, it seems that using that timeline, he says there are 415 days before Bitcoin will reach a new all-time high during its current cycle.

He also warned about the fact that we should watch price volatility before the next all-time high since during the prior cycles Bitcoin retested lows.

“The last two Bitcoin cycles each took around three years to return to their previous all-time highs, not bad. Currently, we are halfway through that period, ladies and gentlemen, and both previous cycles saw price action that retested market bottoms and it is therefore best to prepare for a similar scenario playing out, especially considering the current macro headwinds.”

He continued and said the following:

“What’s really interesting is if you look at where we are now, that yellow line, we’re at 545 days. And if you take the average of all those three previous cycles, we have about 415 days to go to a new all-time high – if history repeats and if these averages work, not a guarantee.”