New Bitcoin 2023 High Incoming Predicts Economist and Trader Alex Krüger – Here’s the Timeline

Economist and crypto trader Alex Krüger is bullish on Bitcoin (BTC) and predicts a new yearly high as more US banks falter.

Krüger tells his 153,500 Twitter followers that he believes BTC will hit a new high for 2023 in May.

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“New BTC highs coming in May. Hope you are ready for it.”

The crypto trader also says that Bitcoin is showing strength against collapsing US regional banks.

“Year highs.

People [are] too bearish.

Small banks rekt (wrecked).

Negative correlation with banks paper is not a fluke.”

Another widely followed analyst is also bullish on Bitcoin this month.

Pseudonymous crypto strategist Kaleo tells his 583,800 Twitter followers that he predicts Bitcoin is going to cross $40,000 in the near term.

Kaleo believes that the chart of BTC against the S&P 500 Index (SPX) indicates Bitcoin will continue on an upward trajectory after having broken out of a diagonal resistance.

The trader predicts BTC’s value against the SPX will rise to a level last seen a year ago.

“Bitcoin vs. SPX: Looking at the BTC/SPX ratio, we still haven’t even broken above the 2017 ATH (all-time high). With BTC continuing to strengthen as its proving to be a safe haven from fear in the banks, a return to the May 2022 breakdown level feels pretty intuitive. That would be ~$40,000.”

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Source: Crypto Kaleo/Twitter

Kaleo also says that if BTC crosses the key $30,000 level, the king crypto will likely rally by next week to the upper HTF (high time frame) diagonal trendline formed with a breakout back in February, which would put it in the $33,000 to the $34,000 range.

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Source: Crypto Kaleo/Twitter

At time of writing, Bitcoin is trading for $28,890, up 2.2% during the past 24 hours.

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