Bitcoin
Crypto Strategist Predicts Major Bitcoin Breakout in Seven to 10 Days – Here’s His Target
An analyst known for making contrarian calls on crypto thinks Bitcoin (Bitcoin) is just days away from triggering a big positive explosion.
Pseudonymous analyst Credible tells his 396,100 followers on social media platform X that Bitcoin will likely have one last drop before a major breakout.
The Crypto Trader it says BTC could fall as low as $62,000 before triggering another parabolic rally to new highs.
“Downside now limited to $60,000 (invalidation) and realistically no less than $62,000-$63,000 (if that), with a high probability that this level will also be the first. I wait about seven to 10 days before we send absolutely gigabytes of BTC. Goal: $100,000+”
According to Credible, Bitcoin’s rally will lead crypto traders to unloading their holdings in altcoins for fear of being left out.
“BTC prints an absolute chad of a momentum candle that is so large and strong that the collective attention of the space shifts to BTC for a period of time and liquidity begins to flow from the other 10,000,000 alts (of which DOGE is one) and in BTC as it starts to go vertical.”
In the near term, Credible believes Bitcoin will witness one more rally above $70,000 before a correction to $64,000 and a recovery to new all-time highs.
“Manifesting.”
Source: Credible/X
At the time of writing, Bitcoin is worth $69,577.
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