A popular crypto analyst is predicting that Bitcoin (BTC) could be on the verge of a major bullish breakout.
$64,000: The Key Level
According to analyst Cred, a weekly close above $64,000 would signal a shift in the market structure from bearish to bullish. He believes this is the last stand for Bitcoin bears, and if they can’t hold the line, things could get interesting.
Two Possible Scenarios
Cred outlines two potential scenarios if Bitcoin breaks through $64,000:
- Straight Up:
A massive rally with no pullback.
- Pullback and Rebound: A slight retracement followed by a bullish higher-low setup.
Other Analysts Agree
Another crypto strategist, DonAlt, also believes that Bitcoin bears are about to be “wiped out.”
What to Do?
Cred advises investors to have a plan in place, as a bullish breakout could lead to significant market movement.
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
