Credible Crypto Who Called $52K BTC Rejection: “We Are Not In A Bear Market”
According to a prominent cryptocurrency analyst and trader, known in the industry as Credible Crypto, Bitcoin is ready to regain its bullish momentum after the market took a slight fall earlier this week.
The analyst shares his views with his 236.5K Twitter followers that Bitcoin is not suddenly in a bear market even after the a drop to a 30-day low of $43,285. Instead he advices to zoom out.
“No, we aren’t magically in a bear market now lol. This was just the region from which we were “most likely to see a mid-term rejection.”We’ve had this level on our radar for nearly two months now. Relax, zoom out, and stack sats (buy btc in small amounts).”
No, we aren’t magically in a bear market now lol. This was just the region from which we were “most likely to see a mid-term rejection”. We’ve had this level on our radar for nearly two months now. Relax, zoom out, and #stacksats. $BTChttps://t.co/SVRimBwz10
Credible Crypto points out to his earlier forecast that he shared in June this year where he accurately predicted that Bitcoin will climb above $50,000 then go through a correction, before continuing its rise.
According to the analyst’s prediction, Bitcoin is forming a large symmetrical triangle. The largest digital asset is likely to revisit $50,000 and then drop to $45,000 before launching a rally to a new all-time high, if the prediction holds.
With the mid-term rejection looming, The trader is looking to buy altcoins as he believes the worst of the correction is over.
“Considering most of my [altcoins] just hit their buy zones, I’m inclined to think the worst of the carnage is over.”
Considering most of my alts just hit their buy zones, I'm inclined to think the worst of the carnage is over. $BTC$ETH$XRP$CVX$STAK$HBAR
Credible Crypto has been closely following XRP, which he says has bounced after hitting his buy area.
“This was just a buy-the-dip opportunity. Those who watched my last Youtube video on $XRP will remember the ‘wick zone.’ Clearly, it did its job.”
This was just a buy the dip opp. Those who watched my last Youtube video on $XRP will remember the "wick zone". Clearly, it did it's job ? pic.twitter.com/yClDtygYbu
