Crypto Strategist Issues 2023 Bitcoin Forecast, Says BTC Could Mirror Epic Surge in 2019

A closely followed crypto analyst thinks that Bitcoin (BTC) could pull off a major move to the upside next year.

Pseudonymous analyst Altcoin Sherpa tells his 187,900 Twitter followers that Bitcoin is flashing vibes of its 2019 bear market rally when the king crypto surged from $3,000 to $14,000 in a few months.

“BTC: we saw a massive rally in 2019 after the bottom of the bear market; from $3,000->$14,000. 

I personally think we’ll see another bear market rally in 2023.

Is it going to go as high as 2019 percentage-wise? In my opinion, not close.

But I do think we’ll see some strong moves.”

Source: Altcoin Sherpa/Twitter

Looking at Altcoin Sherpa’s chart, the analyst appears to predict that Bitcoin could surge to around $38,000, suggesting an upside potential of nearly 130% for the largest crypto asset by market cap.

Although the analyst predicts that Bitcoin could go on a bullish run next year, he notes that BTC could still witness one more capitulation event before it starts rallying.

“Things to note:

-Macro environment way different now vs. 2019

-We haven’t seen that final capitulation yet (i.e. $6,000->$3,000 in 2018). If we see that, it could be even more likely this happens

-If we do see a strong rally, it’s highly unlikely this is going to be sustainable.” 

Meanwhile, fellow crypto strategist Capo is predicting that Bitcoin and the rest of the crypto markets are likely headed to lower prices.


Trend is still bearish. Indicators are pointing to full capitulation event. Bad news should come soon.

BTC $12,000

ETH $600-$650

Altcoins 50-70% potential drop (shitcoins even more)

Stay safe, things could get very ugly.” 

At time of writing, Bitcoin is changing hands for $16,713, a fractional dip on the day.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Tumblr

Surf BitcoinLinux Mix

Check Latest News Headlines


Get Alerts 728x90 198
Disclaimer: Opinions expressed at BitcoinLinux are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. BitcoinLinux does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is BitcoinLinux an investment advisor. Please note that BitcoinLinux participates in affiliate marketing.

Featured Image: Shutterstock/Terablete

The post Crypto Strategist Issues 2023 Bitcoin Forecast, Says BTC Could Mirror Epic Surge in 2019 appeared first on BitcoinLinux.