There is an exciting development for cryptocurrency enthusiasts. Accordingly, there are comments that a Bitcoin price increase is at the door. A prominent crypto strategist known as Credible Crypto expresses strong confidence in the near-term prospects of Bitcoin (BTC). On the other hand, it suggests that the latest rally may be just the beginning of a much larger rise.
The rise is expected to continue
Credible Crypto shares information with its significant 346,500 followers on the X social media platform. In a new video he shared, he expresses his expectation that the upward trend in Bitcoin BTC will continue. He believes the current rally has the potential to turn into something much more significant.
Credible Crypto said, “This will likely be the beginning of a much larger move to the upside. There is significant movement in the next few weeks. We’re talking about a several thousand dollar upward move between Bitcoin $5,000 and $10,000. “This will be officially confirmed when $ 28,000 is exceeded.” says.
Typical market behavior for Bitcoin
The analyst acknowledges the possibility of a corrective move following Bitcoin BTC’s recent surge. On the other hand, he treats such a situation as typical market behavior. However, he emphasizes that there is a chance for Bitcoin to defy expectations and continue its rally without a significant pullback. He states that such scenarios occur during parabolic advances or when Bitcoin is experiencing intense upward momentum.
Credible Crypto points to a key technical indicator supporting the bullish outlook for Bitcoin. It highlights that Bitcoin recently broke out of an ascending triangle formation on lower timeframes. This breakout is an important signal in technical analysis. It also indicates there is potential for further price increases.
Upward move for Bitcoin
Credible Crypto for Bitcoin: “It makes sense to see a move down here, but we can only go up.” says. At the time of writing, the price of Bitcoin is at $26,530. Credible Crypto’s views are creating anticipation and excitement among crypto traders and investors who are eagerly awaiting Bitcoin’s next moves in the market.
When we look at Kriptokoin.com, Credible Crypto has an optimistic perspective for Bitcoin. On the other hand, it paints a potentially lucrative picture for investors. There is an expectation of a significant rally in the near future. Additionally, Bitcoin’s performance continues to be a subject of great interest and speculation within the cryptocurrency community. Traders and investors have already started to take positions with the expectation of an increase in the following periods.
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