Bitcoin will pull over $100,000 in 2023 before 'biggest bear market' – trader

New all-time highs are closer than many think, says Credible Crypto, but so is a brutal bear market like no other.

Bitcoin (BTC) will surpass $100,000 next year, but a record bear market will follow, according to a popular trader.

In a Twitter discussion on October 22, Credible Crypto endorsed a theory that Bitcoin's upcoming halving will also see macro lows of just $10,000.

With a consensus calling for Q4 2022 to mark the end of the Bitcoin bear market in 2018, few are in the mood to call for a change in trend.

While a bold prediction by LookIntoBitcoin creator Philip Swift recently gave the current bear market a few months to live, most commentators continue to aim for new lows.

For Credible Crypto, however, the really interesting territory lies further out, but 2023 will be a major turning point.

After setting new all-time highs (ATH) of at least $100,000, BTC/USD will descend from its "explosive high" in a way never seen before, he believes.

The next bear market will bottom even lower than this year's $17,600, giving buyers a chance to enter the market at just $10,000 through 2025.

“Okay, probably in 2025 I think,” Credible Crypto responded to the initial prediction put forward by fellow trader and analyst Mr. Parabullic.

"First, the new ATH in 2023 - the 5th wave higher above 100,000 - followed by the biggest bear market we've seen to date, which is worse than the current one in terms of time and price - bringing us to 10 - 14,000 that everyone expects...