In the world of cryptocurrency, a well-known trader named CrediBull Crypto has expressed optimism about the future price of Bitcoin, predicting that it could reach new all-time highs. However, CrediBull also warns of a significant downturn for Bitcoin in the near future.

CrediBull points out that Bitcoin has experienced several sudden downturns in the past after periods of rapid growth. He believes that these downturns are a natural reaction to the excessive optimism and greed that often accompany parabolic rallies in the cryptocurrency market.

Currently, Bitcoin is valued at $42,650, which represents a slight decrease over the past 24 hours and week. While the recent surge to $43,500 has been a positive development for investors, Bitcoin is still far below its all-time high of nearly $69,000 in November 2021.

Another expert in the crypto space, DonAlt, also anticipates volatility in Bitcoin’s future. He suggests that the approval of a spot-based BTC exchange-traded fund (ETF) could lead to increased volatility, with a short-lived rally followed by a significant correction. DonAlt believes that positive events such as the Bitcoin halving and ETF approval could temporarily boost Bitcoin’s price, but warns that these events could also be “sell-the-news” occasions.

Both CrediBull Crypto and DonAlt emphasize the importance of caution and strategic thinking in the cryptocurrency market. They acknowledge the potential for both high returns and significant corrections, and advise investors to stay vigilant and exercise careful decision-making.