Controversial YouTube cryptocurrency analyst Ben Armstrong, also known as “BitBoy”, is looking forward to the next three years. Bitcoin (BTC) He shared various predictions about the future of the price.
Armstrong believes that during this time, BTC will rebound to all-time highs and then return to the bear market.
Analyst Ben Armstrong Reveals His Thoughts on Bitcoin
According to a recent tweet by Armstrong, Bitcoin is currently at the level he expects it to be, namely in the $16,800 region.
The analyst thinks that by the end of next year, BTC will start approaching the 30,000 level again. As for the probability of hitting an all-time high, he thinks it will happen by the end of 2024, according to his tweet. According to the analyst’s claim, the bear market may return in 2025.
As we head to the last week of 2022, #Bitcoin is exactly where I thought it would be.
By the end of 2023, I believe $BTC will be making significant moves close to $30k again.
By the end of 2024, heading back to all time highs.
End of 2025, back to bear market.
— Ben Armstrong (@Bitboy_Crypto) December 26, 2022
This will be the year the next Bitcoin halving will take place. In a tweet published earlier today, Armstrong emphasized that he believes BTC will rise after halvings, where miners start producing half as much BTC from each block as now. “Of course none of this is a guarantee, but these are my opinions.” he added.
Bitcoin halving happens every four years; the last one was in early May 2020, when the pandemic spread all over the world. However, not that year, but in 2021, two new all-time highs were reached.
This was believed to be largely due to the Fed speeding up the printing process, releasing more than $6 trillion into the economy in 2020 alone.
Armstrong also claimed that the next record for BTC price could be around $120,000. It was brought up again when the famous analyst Sam Bankman-Fried went to his house in the Bahamas.
*Not investment advice.
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