A popular crypto analyst, known as Credible Crypto, believes Bitcoin is nearing the end of its recent slump and is about to take off again.
Bitcoin’s Bottom?
He thinks Bitcoin could dip as low as $50,000 before bouncing back. According to his charts, Bitcoin will trade around this level for a few weeks before launching into a massive rally. He predicts this surge will push Bitcoin to new record highs, potentially reaching $100,000 by the end of September.
A Bigger Picture
Credible Crypto says the recent sideways movement of Bitcoin is just a minor correction, a “re-accumulation” phase before the next big jump. He believes the short-term fluctuations don’t matter in the grand scheme of things.
Bitcoin’s Future
The analyst believes Bitcoin will start forming a new peak once it crosses the $100,000 mark. While he sees a bright future for Bitcoin, it’s important to remember that crypto markets are volatile and unpredictable.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before making any investment decisions.
/p>
