Crypto blogger Ben Armstrong, known as BitBoy, believes that Bitcoin will reach the ATH level again.
Armstrong said that in the next three years, the leading cryptocurrency will make ATH again, after which the bear market will begin again.
Ben Armstrong Shares End of 2023 Forecast
According to Armstrong, Bitcoin is capable of approaching the $30,000 level again by the end of 2023. According to him, we will have to wait until the end of 2024 for the ATH level.
The year 2024 will also be the year when the Bitcoin halving will take place. Armstrong stated that he thinks the asset will go up after miners start producing half as much BTC from each block. Finally, he emphasized that none of these are guarantees, but it is his own opinion.
Armstrong said the asset will return to the bear market 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
Bitcoin halving occurs every four years. The final halving was in early May 2020. However, the two new all-time highs were reached not in 2020, but in 2021. However, it is stated that the Fed’s launch of 6 trillion dollars of assets also played an important role in reaching the ATH level of Bitcoin.