Top Trader Predicts That BTC May Be Undergo Final Flush

After dropping a key price level, a crypto strategist that many people pay attention to says Bitcoin (BTC) looks like it could be in danger of a sell-off.

Credible Crypto, tells his 340,700 Twitter followers that he thinks Bitcoin could have one more leg down as long as it keeps trading below $27,000, which is a level of resistance.

The trader said that Bitcoin’s recent weakness could lead to a bankruptcy event in which BTC trades for less than $25,000.

“A little more neutral now in terms of direction on BTC now – the RED level holds the key, in my opinion.

Reclaim it, bottom may be in.

If we don’t reclaim, we’ll probably see a flush of our lows into the GREEN line at $25,000, with some wicks going lower based on how the market is moving and how many people are selling. This would be the final flush under $25,000 I have been mentioning in previous posts and vids that we haven’t been able to rule out yet.

Remember – a final flush is HEALTHY as long as we stay above $20,000-ish.”

At the time this was written, Bitcoin was selling for $26,883, which is still below the key price range for traders.

Credible Crypto thinks, against the grain, that Bitcoin will probably see a huge rise this year and reach a new all-time high. In April, the investor said that Bitcoin’s price would go over $100,000 by the end of 2023.