Bitcoin Smashes ATH—Crypto Model Nailed It. Here’s Where It Says BTC Goes Next

Crypto’s crystal ball strikes again. A proprietary trading model—the same one that called Bitcoin’s latest all-time high—just flashed two fresh signals. Buckle up.

The next plays: First, the algorithm predicts a consolidation phase (yes, another one) as institutional money plays catch-up. Then? A volatility spike that’ll either make degenerates rich or liquidate them into oblivion—Wall Street’s algo traders will pocket the difference either way.

Funny how these ’predictive models’ always surface right after the move happens. Almost like hedge funds need bagholders for their next pivot.

A crypto timing model is painting a notable bullish case scenario for the leading cryptocurrency Bitcoin, following its recent upclimb to a new all-time high. The model outlines two possible outcomes for Bitcoin in the near term, with one leaning more bullish than the other. 

On May 16, Weiss Crypto, a leading provider of crypto and stock ratings, reported that Bitcoin, the leading cryptocurrency by market cap, is on track to reach a new all-time high. According to the report, the Crypto Timing Model pointed to May 23 as a key date to watch out for. 

The model also indicated that Bitcoin was still in a bull market and that the 320-day cycle would likely continue in early July.  

Notably, bitcoin hit a new all-time high on May 22 after successfully maintaining its position above $100,000 over the last two weeks. 

This morning, Bitcoin surpassed its previous high of $109,300 attained in January, to trade around the $109,500 price mark. The big bull continued its Thursday rally, hitting a fresh high of $111,886 shortly after. 

What is next for Bitcoin? Crypto Model points to $150,000 

According to the Crypto Timing Model presented by Weiss, Bitcoin is inclined to maintain its current trajectory, with the potential of hitting $150,000 or going higher in the long term. However, a mild price decline might be observed in the NEAR term. 

“Our Crypto Timing Model indicated we were on the verge of a new all-time high, almost to the letter. Here’s what the model expects BTC to do next:  A slight pullback either late this week or next. Then a clear path to $150k and possibly higher.” Weiss wrote. 

At report time, Bitcoin, up 8.06% over the last 7 days, is trading at $110,476 per coin.