Weiss Crypto predicts that Bitcoin could see a new historical peak on Friday, May 23, and this prediction is based on its own Crypto Timing model.
Crypto-focused research company Weiss #crypto wrote that Bitcoin could break its new record next week. The company gave a date for this and pointed to Friday, May 23. The company stated that this positive performance is based on its own Crypto Timing model.
#bitcoin came very close to breaking its record with the rise experienced at the beginning of the week. A cryptocurrency with its market value had stood against 106 thousand on Tuesday. As a result, an additional 3 percent increase, despite Bitcoin breaking its record, came a decline in the following days. The price fell to $ 101 thousand the day before. Today, it is above $ 103 thousand.
In order for Weiss Crypto's new record vision to come true, Bitcoin's price in the world needs to increase by approximately 6 percent. Considering the recent performance and the general optimism in the cryptocurrency markets, this rate means that it is impossible for Bitcoin to reach.
While Bitcoin is trading close to its peak results, there are also those with longer-term dollar million values. Arthur Hayes, who successfully predicted that Bitcoin would fall to $70,000 in periods when it exceeded 100,000, predicts that its price will rise to $1 million by 2028. The billionaire trader, who is the founder of BitMEX, bases this prediction on the possibility of foreign capital repaying the US and the decline in credit prices providing liquidity solutions for BTC.
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