Reading time: ~2 m
Cryptocurrency strategist with the nickname Credible has indicated the nearest target rate for BTC, which will challenge the current downward trend
According to the analyst, one day he will change the mood for bitcoin to bearish, but not earlier than BTC overcomes the level of $ 100,000 and completes a long bull cycle:
“I will change my mood to bearish after btc hike above $ 100,000 and the end of the cycle. Looking at the sentiment during the current mid-cycle correction, I believe that a correction that will correct the entire bull cycle from $3,000 to $100,000 will be extremely tight.”
Credible also spoke out about the predictors of BTC falling below $15,000, stating that similar last year’s gloomy forecasts overlooked BTC’s march to a series of new historical highs in late summer and autumn:
“The argument in favor of BTC falling to the range of $ 13,000 – $ 14,000, which is based on the thesis that past large bear markets led to an 80% drop from the maximum, emphasizes that the level of $ 65,000 was the top of the cycle. They made a similar assumption in June 2021 at $30,000, and three months later BTC soared to a new high of $65,000.
#Crypto #strategist #predicts #BTC #grandiose #rally