Closely followed crypto strategist Credible is keeping an eye out for a technical formation that could trigger a big move in Bitcoin price. pulled.
Credible says BTC is forming a bullish pattern on the hourly chart, which could push Bitcoin price above $33,000 in the near term.
Some call it ‘cup and handle’. I call this the ‘moon bucket’. It’s literally possible to see it on the chart.
With Bitcoin trading above $30,000, the analyst believes BTC will move “much higher, much faster” than most market participants could have imagined, leading to a rally towards its medium-term target.
BTC tested the $30,000 level for the 3rd time. How many more tests will we do until we get past this and beam to $40,000?
NEWS CONTINUES BELOW
Credible Crypto thinks that in the long run, Bitcoin price could reach a six-figure price tag.
BTC ideally close to $100,000+, ETH not sure but they will likely hit new highs.
Although the analyst seems extremely bullish on BTC, he notes that there is still a possibility for the price to retest the support near $28,700.
