Social media phenomenon and analyst CredibleCrypto suggested that Bitcoin (BTC) has started its move for a massive rise after a long process of consolidation.
CredibleCrypto, which has been on the agenda with its correct predictions and has been trading in the crypto money market for many years, included statements that excited investors in a recent post. about 6 months ago shared and Bitcoin in the coming months. declaring that it will consolidate this as a response to your post He stated that the process was completed.. In the graph presented by the analyst 122 thousand dollars pointing to the band, implying that the upcoming period may witness unexpected rises.
Arguing that the longer the consolidation lasts, the more admirable it will be in its rise, the analyst said that the last consolidation is compared to the previous one. 30% longer He kept his expectations high.
The ascension has begun. This time around, we had a consolidation period of around 30% longer than our last major rallies in 2019 and 2020. If you think past bull seasons have been strong, wait until you see the next one.
The current structure is BTC with $8-10k in 2020 looks incredibly similar to consolidation. Therefore, as long as the green zone remains below, I will look bullish. It would be ideal to touch the green one more time before reaching higher levels.
According to CoinGecko data, in the last 24 hours 1.3% BTC gaining value, at the time of writing at $28,418 is being traded.
