Crypto Analyst Reveals ‘Unpopular Opinion,’ Predicts ‘Devastating’ Event After Unexpected 2023 Rally

A well-liked crypto analyst is predicting issues will go properly for Bitcoin (BTC) and different digital property this yr earlier than the sector plunges right into a “devastating” bear market.

Pseudonymous analyst Credible Crypto outlined his predictions in response to a Twitter immediate on Monday asking Twitter customers what their most unpopular crypto opinions are.

Says the dealer,

“New all-time highs on BTC in 2023 adopted by the longest and most devastating bear market that we’ve got seen since Bitcoin’s inception (assume dot-com bust however for crypto) adopted by the following decade-plus lengthy secular bull marketplace for crypto akin to what we’ve seen on tech shares since 2008.”

Credible Crypto thinks Bitcoin’s new all-time highs will materialize this yr, however acknowledges that they may not occur till 2024.

“I anticipate this subsequent parabolic advance to take us to new all-time highs this yr. I don’t know the place the parabolic advance will finish besides that it usually occurs just a few months after we break the outdated highs and needs to be beneath $300,000. That would imply that we see our excessive for this transfer in ‘24, sure. Each time that parabolic advance ends, I anticipate that to be a multi-year prime.”

Bitcoin is buying and selling at $30,488 at time of writing. The highest-ranked crypto asset by market cap is down 0.47% up to now 24 hours.

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