Crypto Guru Foresees Bitcoin Soaring: A Bullish Outlook
A well-known cryptocurrency strategist suggests that the recent surge in Bitcoin (BTC) is laying the foundation for a significant upward trajectory.
In a recent video, Credible Crypto expressed optimism about Bitcoin‘s bullish momentum.
He believes this could begin a substantial increase, ranging from $5,000 to $10,000 over the next few weeks, with confirmation upon breaching the $28,000 level.
The analyst acknowledges the possibility of a corrective Bitcoin pullback after its recent surge. However, he emphasizes that there’s also a chance for BTC to continue its ascent, surprising traders.
Credible Crypto points out that, unexpectedly, Bitcoin might defy expectations and continue its upward trajectory without a substantial retracement. This scenario has occurred during previous parabolic surges or when Bitcoin exhibits intense upward momentum.
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Credible Crypto additionally notes that Bitcoin has broken free from an ascending triangle pattern on shorter timeframes, potentially signaling an ascent beyond $28,000.
While a downward movement is conceivable at this point, it’s equally plausible that we might witness a direct ascent.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
