Crypto Analyst Predicts Bitcoin Will Explode Over 130% and Hit New All-Time High Here’s the Timeline

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A widely followed crypto strategist and trader predicts that Bitcoin (BTC) will hit a new all-time high before the end of 2023.

Pseudonymous analyst Credible Crypto tells his 341,500 Twitter followers that the leading digital asset is expected to rise more than 130% from its current value of $30,057 in just a few months.

You won’t have to imagine much in a few months, just use your imagination to visualize the climb pictured here at about 2x the speed. New all-time highs THIS YEAR. Let’s get it.

Source: ShrekBTC via Credible Crypto/Twitter

The trader shares a chart showing that Bitcoin first hit a support level around $50,000 in 2024 and then broke through the $70,000 level in early 2025.

However, Credible Crypto predicts that Bitcoin will reach these levels before the end of the year.

Looking at the Bitcoin dominance chart (BTC.D), the trader predicts BTC.D bullish until peaking at around 58% in late 2023 and then declining, which he believes will trigger a massive run of altcoins.

The trader believes that BTC.D will continue to fall for the first seven months of next year and will bottom out around 35% in July 2024. At the time of writing, BTC.D sits at around 51 .50%.

We’ve come a long way from the teal region below in the past six months. As I said then, everything we expected to see with BTC dominance is playing out. The real impulse move started, BTC started accelerating higher and we reached my minimum target of 50% dominance.

I still think we will be pushing higher here over the next few months as BTC continues its impulsive move to new all-time highs.

What’s expected to follow will be the biggest alternate season we’ve seen since 2017. Everyone will have their turn.

Source: Credible Crypto/Twitter

Ethereum (ETH) challenger Hedera Hashgraph (HBAR) is also on the radar of crypto traders.

He warns that the bottom of HBAR has not yet been reached and could dip towards $0.040 if Bitcoin sees a market correction to the $25,000 or $26,000 levels.

According to my last update on HBAR, BTC ended up visiting the $25,000 region and this gave us a decline on HBAR as expected. We don’t have any confirmation on the merits yet, but things are looking good. Congratulations if you managed to hook bars under $0.05! Will update all HBAR barians once we have further confirmation.

Source: Credible Crypto/Twitter

Hedera is trading at $0.048 at the time of writing, up 0.5% in the last 24 hours.

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