A popular cryptocurrency strategist and trader says that despite Bitcoin (BTC) failing to maintain its bullish momentum, BTC is still bullish. It also draws attention to a whale’s buy orders. Here are Credible Crypto’s comments on the largest cryptocurrency with its market capitalization…
Credible Crypto: Nothing has changed for Bitcoin
The analyst, known as Credible, has 323,100 Twitter followers, the latest price action on the weekdays. He says that “nothing has changed” for Bitcoin, noting that it could be considered “noise”. The analyst uses the following expressions for BTC, which came to the fore with its decline:
Nothing has changed. The green last 2 and the last red circle are examples of weekday action above/below our weekly level, but mean nothing without a close to confirm. I might change my view if it goes below the blue level, but for now there is no reason to do so.
Analyst: Bulls need to take action
As we have also reported on Kriptokoin.com, on April 1, Bitcoin was trading close to $ 47,000, while Credible, before continuing its rally He had predicted he would withdraw to $40,000. The crypto strategist says that as BTC fell to $39,788 the other day, Bitcoin bulls should make a move soon to sustain any momentum, using the following expressions:
Weekly candle closed at our weekly level, so level held on closing basis , but has not seen much bullish reaction and is currently trading below. It must bounce between $38-39k to continue the short/medium-term uptrend and break above the weekly zone for the next close.
Credible, in addition to its technical analysis, also closely monitors the order books on the exchanges. Earlier this month, the crypto analyst said that a large investor, namely a whale, placed large buy orders between $40,000 and $44,000. Credible now suggests that all the orders of the deep-pocketed investor have been filled and a rally may be on the horizon. The analyst comments on this issue as “All bids are filled”.
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