This Trader Says An Unexpected Bitcoin Rally Will Happen In 2022, Predicts Six-Figure BTC By 2023

According to a prominent cryptocurrency analyst Credible Crypto, Bitcoin BTC/USD will reach a new six-digit ATH and BTC by 2023.

The analyst expects an explosion of almost 219% in the price of Bitcoin in less than six months.

According to Credible, while the adoption of crypto technology resembles that of the internet, investors in the space are very early. He cites an excerpt from a Wells Fargo report that compares crypto adoption to the rise of the internet.

Also Read: Crypto Analyst Who Correctly Predicted Bitcoin Will Pull Back to $21,000 Now Has This New Alert

As of this writing, Bitcoin is trading at $21,591, almost 13% higher in the past seven days.

Even though the current crypto market looks volatile and could suffer another downturn, analysts believe that current Bitcoin price levels offer the kind of value for money not seen in years.

The head of global macro at asset manager Fidelity Investments Jurrien Timmer says, “Looking at Bitcoin’s network growth, it’s clear that the adoption curve follows the more asymptotic internet adoption curve, rather than the more exponential mobile phone curve. According to Metcalfe’s Law, slower network growth suggests more modest price appreciation.

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