Crypto Investor Predicts Bitcoin ATH at $140,000 and XRP ATH at $7 in May

Crypto investor predicts Bitcoin ATH at $140,000.
Similarly, the expert expects an XRP ATH at $7.
Both these new ATH targets for BTC and XRP are expected to arrive in May.

The prices of Bitcoin and Ethereum seem to be trading at a bullish trajectory, having just broken past major resistance levels at the start of this week. The crypto community is pleased to see this bullish shift in the market, leading to rising bullish sentiments for new ATH prices this year. Accordingly, one crypto investor predicts Bitcoin ATH at $140,000 and XRP ATH at $7 in May.

Crypto Investor Predicts Bitcoin ATH at $140,000

Several popular crypto experts, traders, and analysts, alongside popular and reputed financial experts, have been calling for a final surge in Bitcoin and altcoin prices this year based on the 5-year supercycle model. To highlight, most analysts debated the possibility of the traditional 4-year bull cycle going obsolete this cycle based on several observations and supporting factors.

Some believed that the crypto market would shift towards the stock market cycle, meaning yearly pump and dump cycles, while others believed a completely different outcome may play out. According to financial expert Raoul Pal, the crypto market is being affected by the elongated business cycle, leading to a 5-year supercycle for the crypto market this time around, leading to expectations for new BTC and altcoin ATHs this year.

XRP Expected to Hit $7 ATH Price in May

According to this model, the extended business cycle and the lack of liquidity in the crypto space have resulted in a possibly one-time effect in a 5-year supercycle. This could mean that the next bull cycle may be a 3-year cycle. Other industry experts like Tom Lee and CZ agree with Pal’s expectations. Meanwhile, other experts are looking towards bullish price chart signals that would support this outcome.

As we can see from the post above, this expert says that Bitcoin will be trading at $140,000 in May, and XRP will hit $7 and believes that the outcome will occur after just one more pump-and-dump event. He comes to this conclusion based on a psychological perspective. As the image goes on to explain, the transition from Wave 2 to Wave 3 is rapid and is intended to drive capital on the sidelines and all bears into the market.

The Crypto Bill and an interest rate cut are just around the corner, the post goes on to say, along with the psychology of the wave 2-3 transition. Following the initial Wave 1 rally, Wave 2 often retraces a large portion of it (50%-85.4%). It feels like a reversal, causing fear that the previous gains were a ‘fake trend’ or ‘bear trap’. Market sentiment is gloomy, and the mainstream narrative is still bearish.

Initially, this is often treated with disbelief, as most investors are already scarred by the wave 2 drop. Wave 3 (Optimism/Institutional Buying): This is the strongest wave, representing the largest price movement. It often features a 161.8%-323.6% extension of Wave 1, driven by institutions and smart money buying in as news begins to turn positive. As prices rise rapidly, investors who missed the start of Wave 3 feel increasing pressure to join. By the time this fear drives them to buy, it is often moving into the later stages of Wave 3 or early Wave 4.