A prominent crypto analyst predicts a significant surge in Bitcoin (BTC) within the next seven to ten days.
Potential Dip Before Breakout
The analyst, known as Credible, suggests that BTC may experience a brief dip to around $62,000 before triggering a parabolic rally. He believes this correction is necessary to clear out any remaining selling pressure.
Target: $100,000+
Credible’s target for the rally is set at $100,000 or higher. He anticipates that the surge will attract investors from altcoins, as they seek to capitalize on Bitcoin’s momentum.
Altcoin Outflow
As Bitcoin rallies, Credible expects traders to shift their holdings from altcoins into BTC. This outflow of liquidity will further fuel Bitcoin’s ascent.
Near-Term Price Action
Credible predicts one more rally above $70,000 in the near term, followed by a correction towards $64,000. He believes this will set the stage for a subsequent rally to new all-time highs.
Disclaimer
The analyst’s predictions are not intended as investment advice. Investors should conduct their own research before making any investment decisions.
