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A closely followed crypto strategist believes that the recent Bitcoin (BTC) rally is setting up the crypto king for a much larger upswing.
In a new video, Credible Crypto tells his 346,500 followers on the social media platform X that he’s expecting bullish continuation for Bitcoin.
This is probably going to be the start of a much larger move to the upside. We’re talking about a multi-thousand-dollar move to the upside – $5,000 to $10,000 within a couple of weeks. That gets confirmed officially by a break of $28,000.”
The analyst says that while it’s logical for Bitcoin to witness a corrective move after its latest surge, he highlights that it’s possible for BTC to just rally and leave traders on the sidelines.
Max pain or what no one would be expecting or probably catch many off-guard is just continuation up without a significant pullback… We’ve seen this happen during parabolic advances or very aggressive moves to the upside when Bitcoin begins to trend very hard.
Credible Crypto also says that Bitcoin has broken out of an ascending triangle formation on the low timeframe and is likely headed above $28,000.
I have shared with you what I learned from reviewingHenry Kanapi.
The #BTC Crypto market is being affected by several factors, which can lead to a bad situation. First, the crypto market is highly volatile and volatile. The main reasons could be the salutation of the original property, the distressed policies, the unprofessionalism of the construction and the mismatch between our conditions. In addition, our situation may be situated in the midst of social and political change, which adds further complexity.
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I assume that the price will soon grow by at least 30%, although there are experts who expect the price to grow by over 100% by the end of 2023, because there are only 210 days left until the Bitcoin halving.