A popular crypto analyst, Credible Crypto, predicts a massive Bitcoin price surge. He believes Bitcoin is entering the final stages of a bullish trend, potentially leading to a huge price jump.
A Big Price Prediction
Credible Crypto, who uses the Elliott Wave theory, forecasts a minimum 52% increase from the current price. This means Bitcoin could reach $150,000 or even higher. He suggests this move could be the most dramatic price increase in Bitcoin’s history, building on a seven-year trend. His most optimistic prediction puts the price under $300,000.
But First, a Dip?
Despite this bullish outlook, Credible Crypto acknowledges the possibility of a temporary price drop. He suggests a fall to around $80,000, or even $70,000, wouldn’t necessarily invalidate his overall prediction. He sees this potential dip as a healthy correction before the main price surge. This potential dip could happen before a breakout sometime in November 2024.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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