Bitcoins next surge may propel BTC to 100K within a month
Bitcoin (BTC) has been stuck in a four-month consolidation range since February 28 causing uncertainty among investors. Despite this, well-known trader Credible Crypto is confident that Bitcoin surge to $100,000 within 30 days of the next market impulse.
Ren for his bullish stance, Credible Crypto, now going by the name CrediULL Crypto, continues to predict a positive future for Bitcoin. In a recent post on, he reiterated his optimism and made an audacious price forecast.
Specifically spotlighting Bitcoin’s previous market impulse when its price surged from $38,514 to73, over 50 days between January 23 and March 13—gaining an impressive 91%—Credible Crypto emphasized that subsequent impulses are anticipated to be moreful. With Bitcoin currently trading at $64,260 and another rally potentially propelling it to $100K within a month according him. The basis of Credible Crypto’s forecast lies in the Elliott Waves theory among technical analysts for trend analysis. This theory posits that bull markets consist of five waves with three “ulse” waves; typically the third wave exhibits aggressive upward movement yielding substantial gains in a compressed timeframe.
Despite the for Bitcoin’s value increasing by about 55% if it reaches this milestone from its current level—a lower than anticipated—the psychological of reaching this threshold cannot be understated as many traders eagerly anticipate it as well as selling pressure potentially emerging around these levels due to profit-taking tactics.
Interestingly enough competing traders have already devised their exit strategies with eyes set on an initial target of $130K while others like Alan Santana foresee BTC continuing its upward trajectory towards $150K per coin.
someats must be considered; inherent signals of weakness have emerged from fundamental perspectives such as increased selling by who were previously operating at a loss all indicating that projections made by these analysts hinge on developments and fundamental improvements for Bitcoin which faces formidable competition.
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