A well-known crypto trader believes Bitcoin (BTC) is poised for another price jump. This analyst, known as Credible Crypto, shared their perspective with over 460,000 followers on X. They argue that the current market isn’t acting like it’s at its peak.
Why This Trader Sees a Healthy Market
Credible Crypto points out that typical market tops see altcoins (alternative cryptocurrencies) booming, with widespread excitement and a feeling of easy profits. Right now, the opposite is happening. Many altcoins are struggling while Bitcoin comfortably sits above $100,000. The trader views this as a “very healthy consolidation,” a period of sideways trading before a potential surge.
Their advice? Stay calm. They suggest waiting for altcoins to show signs of strength before buying more Bitcoin. Alternatively, those willing to weather potential dips can gradually buy Bitcoin at lower support levels. The key takeaway is to avoid emotional reactions.
Bitcoin’s Recent Performance
At the time of writing, Bitcoin is trading around $104,035, up almost 2.5% in the last 24 hours. While it’s traded sideways over the past week, it’s still up over 12.5% in the last month.
Disclaimer
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
