A crypto analyst known for accurate Bitcoin predictions has shared his most bullish outlook for BTC. While Bitcoin is struggling to stay above $110,000, this analyst sees a bright future.
A Bullish Prediction
In a recent YouTube video, the analyst, known only as “Credible,” told his over 70,000 subscribers that he doesn’t expect Bitcoin to fall back to the crucial $100,000 support level if the current upward trend continues. He believes strong buying pressure will prevent a significant drop.
Expect a Pause, Not a Crash
However, Credible anticipates a period of consolidation, a sideways movement rather than a sharp price correction. He explained that this sideways trading could last for a while, but it’s a necessary pause before another big price jump. Even if Bitcoin makes slightly higher highs without significant momentum, he expects a temporary pullback before the next upward surge.
The Target: $140,000
According to Credible’s chart, his most bullish scenario sees Bitcoin reaching $140,000. At the time of writing, Bitcoin is trading around $105,226.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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