Credible Crypto, one of the leading analysts of the cryptocurrency market, believes that the recent rise of Bitcoin (BTC) is just the beginning. While many people expected a corrective move after Bitcoin recorded its recent rise, Credible Crypto points out that this situation may just be a break and Bitcoin is preparing for a bigger rise.
Bitcoin’s recent rise has attracted the attention of the cryptocurrency world and excited many investors. Credible Crypto is a new in the video He told his 346,500 followers that he expects the rise for Bitcoin to continue.
“This will probably be the beginning of a much larger move upwards. We’re talking about an upward move of thousands of dollars – a move that will take you from $5,000 to $10,000 in a matter of weeks. “This is officially confirmed by breaking the $28,000 level.”
On the other hand, Credible Crypto reminds us that we should not forget that the market is always volatile and sudden declines may occur. According to the analyst, it is possible that Bitcoin will witness a corrective move after its recent rally but it is more likely that BTC will recover and leave investors on the sidelines.
So Credible Crypto believes in the long-term potential of Bitcoin and therefore argues that we should not focus on short-term fluctuations.
“The maximum pain, or what no one would expect or possibly catch many people off guard, is the continuation of the uptrend without a significant pullback… We have seen this happen during parabolic advances or very aggressive moves upwards when Bitcoin starts to trend very hard.”
Credible Crypto also says that Bitcoin broke the ascending triangle formation on the low timeframe and is likely moving above $28,000.
You can follow the current price movement here.