Bitcoin To See New ATH In 2023

Bitcoin is about to see a new ATH in 2023, according to the latest reports. Check out the new price predictions involving Bitcoin below.

At the moment of writing this article, Bitcoin is trading in the green, and the king coin is priced at $27,218.

According to the latest reports coming from the inline publication the Daily Hodl, a popular crypto analyst is reaffirming an unpopular stance that Bitcoin (BTC) is about to break new highs this year, despite the recent rejection from $30,000.

The pseudonymous analyst known as Credible said that while liquidity gaps often get filled for many financial assets, it’s not a concrete rule.

He says that he doesn’t expect the gap at $20,000 to be filled anytime soon.

“There’s a gap at $20,000 that a lot have been eyeing up and using as justification for a deeper pullback form current levels.”

He continued and said:

“If I’m right about my thesis for new all-time highs in 2023 – that gap should go unfilled.

If you were to ask me which comes first – $20,000 or $70,000+, I’d say $70,000+.”

Credible said that a direct move to the upside without much consolidation is the more painful, unexpected scenario, and a much less obvious one that is more in character of Bitcoin.

“Too convenient and easy to let everyone who got rinsed over the past six months reload their positions and happily ride to new all-time high in time with the halving.”

He continued and said the following:

“Over 70% of all BTC in existence concentrated in wallets that didn’t puke at the 3AC (Three Arrows Capital) or FTX collapses and that historically don’t start selling in any significant quantities until new all-time highs.

No year-long sideways action, in my opinion. Straight to new all-time high this year.”

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