Bitcoin Price Going Up By 50% Is Achievable, New Reports Say

According to the latest reports, it seems that the price of Bitcoin could go up by about 50%, and this is not something that cannot be done. Check out the latest prediciotns on the price of BTC below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $22,962.

Economist and crypto trader Alex Kruger is expressing bullish sentiment toward Bitcoin (BTC). Just recently, he has been saying that the king crypto could mount a massive rally in 2023.

Kruger said that BTC could rally up to $35,000, a jump of around 52% from current levels before a correction occurs.

According to Kruger, such a rally by Bitcoin would be in line with how markets normally work.

“Breaking through $30,000 then pulling back would be normal market dynamics. Markets tend to run key round levels over, trigger stops, bring suckers in, then flush them out. And $30,000 – $35,000 looks very doable.”

As the online publication the Daily Hodl notes, when he was asked whether Bitcoin could fall to between $19,000 and $20,000 this year after its surge, Kruger says that it is probable but notes that $23,000 is more likely.

“Yes definitively. It’s still too close for it not to be probable. But I’m not betting on it at the moment. Been expecting consolidation around $23,000 then higher. By the way, $23,000 or $19,000 doesn’t make much of a difference unless playing big or playing alts.”

According to the latest reports, a popular crypto strategist is optimistic that Bitcoin (BTC) could surge by double-digit percentage points from the current price.

The pseudonymous crypto analyst Kaleosaid recently that Bitcoin will swiftly rally to $30,000 after overcoming a downward trend that started in late November.

From the analyst’s projected trajectory of Bitcoin on the four-hour chart, it seems that he’s suggesting that BTC could soar above the $30,000 resistance level sometime in February.

“I once again am here to remind you that Bitcoin heads straight to $30,000 from here.”