Credible Crypto Projects A Strong Bitcoin Rally – Here Are The Key Levels
According to a top crypto analyst and trader, known as Credible Crypto, Bitcoin (BTC) is likely to see a strong rally in the next coming days.
In a recent video update, the analyst shared with his 307.5K followers on Twitter followers that Bitcoin could well be going through a high timeframe reversal.
Credible Crypto noted that if a larger scale reversal is really happening, the leading digital asset will ignite rallies with little to no pullback.
“It’s not easy to tell where we started a new impulse until it’s already very, very apparent. And what I mean by that is we get a small impulse, we get a small consolidation. We get another small impulse ($47,000). We get some consolidation.
And at this point, people are thinking, ‘Okay, we’re at supply ($47,000). We’re going to head down from here.’ But realistically, what sometimes happens and what will typically happen if we’re already working on the next impulse is we’ll consolidate. And then, we’ll just lift off and continue up and get these aggressive impulsive moves followed by shallow consolidations and then more and more aggressive moves.”
Shared this on Twitter 3 days ago, but not many seem to have watched it. It's only 8 min long- if you want to understand the current $BTC PA and what we need to see in the coming days to confirm this is the start of a massive run, I recommend watching: https://t.co/4b1FDIc9gH
The crypto analyst projects Bitcoin to soar all the way above $60K levels.
According to Credible Crypto so far Bitcoin is following his prediction. A move above $44,000 could increase the confidence that it’s happening.
“Would have liked to have seen a pullback to around $39,000-$40,000, but the pullback was even more shallow/sideways than I was expecting… Now up against monthly supply so let’s see how BTC handles this.”
Would have liked to have seen a pullback to around 39-40k but the pullback was even more shallow/sideways than I was expecting ? Welcome to the 1-2, 1-2 🙂 Now up against monthly supply so let's see how $BTC handles this. https://t.co/KKFWM1cWH9pic.twitter.com/ttR6uLZZzh
