{"id":560240,"date":"2023-11-11T19:00:48","date_gmt":"2023-11-11T19:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=560240"},"modified":"2023-11-11T13:15:54","modified_gmt":"2023-11-11T13:15:54","slug":"new-all-time-highs-for-bitcoin-in-2023-analyst-shares-ultra-bullish-prediction","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/new-all-time-highs-for-bitcoin-in-2023-analyst-shares-ultra-bullish-prediction\/","title":{"rendered":"New All-Time Highs For Bitcoin In 2023? Analyst Shares Ultra Bullish Prediction"},"content":{"rendered":"

The flagship cryptocurrency, Bitcoin, <\/span>is up by over<\/span><\/a> 100% year-to-date (YTD). Despite these impressive gains, there is still reason to believe that the <\/span>crypto token\u2019s resurgence isn\u2019t done<\/span><\/a>, as there could still be <\/span>new highs<\/span><\/a> before the year runs out based on analysis from prominent figures in the community.\u00a0<\/span><\/p>\n

Bitcoin To Hit $69,000 This Year?<\/b><\/h2>\n

In a <\/span>post<\/span><\/a> shared on his X (formerly Twitter) platform, <\/span>prominent crypto analyst Dave the Wave<\/span><\/a> suggested that Bitcoin could surge to its previous highs this last quarter of the year. Although he didn\u2019t state what highs exactly, the accompanying chart he shared in the post showed that he was hinting at Bitcoin\u2019s all-time high of about $69,000.\u00a0<\/span><\/p>\n

\n

A run to previous #btc<\/a> highs this last quarter is not unthinkable. pic.twitter.com\/INesJPY9ov<\/a><\/p>\n

\u2014 dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) November 9, 2023<\/a><\/p><\/blockquote>\n

\n
Related Reading: Polygon (MATIC) Poised For A Bullish Surge, Analyst Who Predicted 2021 Fall Says<\/a><\/div>\n<\/div>\n

This isn\u2019t the first time the crypto analyst has shared his belief that Bitcoin could hit $69,000 this year. In an earlier <\/span>X post<\/span><\/a>, he shared a similar chart, which put up a price target of $70,000 based on the speculation of \u201canother mini-parabola frontrunning the halving.\u201d\u00a0<\/span><\/p>\n

It is not unusual for the <\/span>market to pump significantly<\/span><\/a>, as historical data suggests. Bitcoin\u2019s price has increased significantly before and after every halving event. Before the most recent halving event, which took place in 2020, BTC rose by over 17% in the weeks leading up to it and saw a further 559% increase after the event.\u00a0<\/span><\/p>\n

<\/p>\n

Bitcoin (BTC) is currently trading at $37.072. Chart: TradingView.com<\/a><\/pre>\n
However, many might argue that an <\/span>all-time high (ATH)<\/span><\/a> before the halving event, which takes place in April 2024, seems like a far reach, especially if the analyst is projecting that the new high will occur before this year runs out.\u00a0<\/span><\/p>\n
Bitcoin To Hit New All-Time High Before April?<\/b><\/h2>\n
While a new all-time high before the year runs out seems like a big task, some prominent figures have, however, backed the crypto token to hit a new ATH before April. One of them happens to be Bitcoin OG and <\/span>founder of Blockstream, Adam Back<\/span><\/a>. Interestingly, Back <\/span>predicted<\/span><\/a> (back in August) that BTC will hit or even surpass $100,000 before March 31st, 2024.\u00a0<\/span><\/p>\n
To show how confident he was of his assertion, the crypto founder went as far as placing a bet with another X user who disagreed with his position. They both <\/span>agreed<\/span><\/a> to wager a bet of 1 million satoshis, with the winner (depending on Bitcoin\u2019s price by March 31, 2024) taking all.\u00a0<\/span><\/p>\n
\n
Related Reading: Solana Breaks Past $54 On Steady Price Momentum \u2013 Will SOL Hit $60 This Month?<\/a><\/div>\n<\/div>\n
The CEO of Jan3 and a fellow Bitcoiner, Samson Mow, had also agreed with Back in some way, as he <\/span>believes<\/span><\/a> that Bitcoin will also hit a new ATH pre-halving and not post. However, unlike Back, he didn\u2019t mention any price target.<\/span><\/p>\n
Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The flagship cryptocurrency, Bitcoin, is up by over 100% year-to-date (YTD). Despite these impressive gains, there is still reason to believe that the crypto token\u2019s resurgence isn\u2019t done, as there could still be new highs before the year runs out based on analysis from prominent figures in the community.\u00a0 Bitcoin To Hit $69,000 This Year? In a post shared on his X (formerly Twitter) platform, prominent crypto analyst Dave the Wave suggested that Bitcoin could surge to its previous highs this last quarter of the year. Although he didn\u2019t state what highs exactly, the accompanying chart he shared in the post showed that he was hinting at Bitcoin\u2019s all-time high of about $69,000.\u00a0 A run to previous #btc highs this last quarter is not unthinkable. pic.twitter.com\/INesJPY9ov \u2014 dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) November 9, 2023 Related Reading: Polygon (MATIC) Poised For A Bullish Surge, Analyst Who Predicted 2021 Fall Says This isn\u2019t the first time the crypto analyst has shared his belief that Bitcoin could hit $69,000 this year. In an earlier X post, he shared a similar chart, which put up a price target of $70,000 based on the speculation of \u201canother mini-parabola frontrunning the halving.\u201d\u00a0 It is not unusual for the market to pump significantly, as historical data suggests. Bitcoin\u2019s price has increased significantly before and after every halving event. Before the most recent halving event, which took place in 2020, BTC rose by over 17% in the weeks leading up to it and saw a further 559% increase after the event.\u00a0 Bitcoin (BTC) is currently trading at $37.072. Chart: TradingView.com However, many might argue that an all-time high (ATH) before the halving event, which takes place in April 2024, seems like a far reach, especially if the analyst is projecting that the new high will occur before this year runs out.\u00a0 Bitcoin To Hit New All-Time High Before April? While a new all-time high before the year runs out seems like a big task, some prominent figures have, however, backed the crypto token to hit a new ATH before April. One of them happens to be Bitcoin OG and founder of Blockstream, Adam Back. Interestingly, Back predicted (back in August) that BTC will hit or even surpass $100,000 before March 31st, 2024.\u00a0 To show how confident he was of his assertion, the crypto founder went as far as placing a bet with another X user who disagreed with his position. They both agreed to wager a bet of 1 million satoshis, with the winner (depending on Bitcoin\u2019s price by March 31, 2024) taking all.\u00a0 Related Reading: Solana Breaks Past $54 On Steady Price Momentum \u2013 Will SOL Hit $60 This Month? The CEO of Jan3 and a fellow Bitcoiner, Samson Mow, had also agreed with Back in some way, as he believes that Bitcoin will also hit a new ATH pre-halving and not post. However, unlike Back, he didn\u2019t mention any price target. Featured image from Shutterstock<\/p>\n","protected":false},"author":594,"featured_media":560250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[166,428,1119,1144,10709],"class_list":["post-560240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analysis-2","tag-bitcoin","tag-btc","tag-btcusd","tag-price-prediction"],"acf":[],"yoast_head":"\nNew All-Time Highs For Bitcoin In 2023? Analyst Shares Prediction<\/title>\n<meta name=\"description\" content=\"The flagship cryptocurrency, Bitcoin, is up by over 100% year-to-date (YTD). 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