A popular crypto analyst is predicting that Bitcoin (BTC) might be about to take a tumble after hitting a recent high of $69,000.
Short-Term Bearish Outlook
The analyst, known as Credible Crypto, believes that Bitcoin has already reached its peak for now. He’s expecting a dip to around $61,000 in the next week, with a possible further correction down to $49,000.
“I think Bitcoin’s top is in,” he said on social media. “We might see a bit more bouncing around before it starts heading down.”
Long-Term Bullish Sentiment
Despite his short-term bearish outlook, Credible Crypto remains optimistic about Bitcoin’s long-term prospects. He believes that the recent price action is a setup for a larger move upwards later on.
“They’re saving the real breakout for later,” he explained. “When it happens, it’s going to be huge.”
Bitcoin’s Current Price
Bitcoin is currently trading at around $66,455, down about 2% in the last 24 hours.
Disclaimer: This is just one analyst’s opinion. It’s important to do your own research before making any investment decisions.
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