The leading cryptocurrency, Bitcoin, fell hard and slid as high as $37,500 on Binance. At the time of writing, BTC is trying to hold above $ 38 thousand. So what levels are next in Bitcoin? Famous analyst Credible Crypto, who made successful predictions, analyzed the markets and shared the next levels. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Credible Crypto: Bitcoin could rise to $50,000 in the coming weeks!
Closely followed crypto strategist Credible Crypto states that Bitcoin’s recent correction below $40,000 sets the stage for BTC to surge to $50,000 in the coming weeks. The analyst highlights that BTC is currently trading within a triangle pattern while carving a bottom.
According to the analyst, the bullish thesis is based on the market structure when BTC was trading below $10,000 from September 2020 to October 2020. The crypto strategist says that the triangle pattern formed during this time preceded Bitcoin’s massive rally from $10,000 to $60,000.
Analyst: Our probability of breaking the $30,000 support has decreased!
The analyst expects Bitcoin to continue to consolidate in the coming days. Furthermore, the analyst underlines that the recent move of BTC has significantly reduced the probability of the king cryptocurrency breaking the $30,000 support. The analyst adds to his explanations:
A very strong close on BTC. This suggests that our chances of seeing $29,000 – $32,000 are much lower.
Here are the successful predictions of Credible Crypto
cryptocoin.com As we have previously reported, Credible Crypto, He said that XRP will pull back to around $0.20 and $0.168 before continuing higher. XRP acted exactly as the analyst stated and dropped to this low. In March of this year, Credible Crypto also correctly predicted that the XRP price would go on a massive uptrend after enduring a healthy correction.
At the time, the cryptocurrency was trading close to $0.5, and later in the month it started approaching $2 by April. The analyst also correctly predicted that in June, Bitcoin would surge above $50,000 before correcting steeply. On November 8, when Bitcoin broke above $67,000, the analyst said that the rally would be insufficient and BTC would pull back in the short term, and he predicted correctly.
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