A prominent crypto analyst, known as Credible Crypto, believes Bitcoin (BTC) is poised for a significant price surge. With a large following on X (formerly Twitter), Credible Crypto shared their bullish outlook.
Bitcoin’s Breakout Potential
Credible Crypto highlighted Bitcoin’s recent price action as a positive sign. The analyst suggests that if Bitcoin can break through the $88,000 resistance level, a move towards $100,000 is highly likely. The recent dip to around $84,000 after briefly touching $87,000 is seen as a healthy correction, strengthening the case for a subsequent breakout. The analyst emphasizes the importance of holding above support levels around $78,000.
At the time of writing, Bitcoin is trading at approximately $84,427, down slightly for the day.
XRP’s Predicted Dip and Rise
Credible Crypto also shared their predictions for XRP, suggesting a potential dip below $2.00 before a rally to its all-time high near $3.40. However, the analyst expressed a preference for waiting for a better entry point rather than buying at current prices.
XRP is currently trading around $2.45, also experiencing a slight daily decline.
Disclaimer: This information is for general knowledge and discussion purposes only and does not constitute investment advice. Always conduct thorough research and consider your own risk tolerance before making any investment decisions.
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