Bitcoin trader foresees further rallies ascending to never-before-seen peaks, surpassing $110,000, yet a significant caveat exists.
Bitcoin Soars to New Heights: Crypto Strategist Reveals Bullish Predictions
Listen up, crypto enthusiasts! Credible, a well-respected cryptocurrency analyst with a growing fanbase, believes Bitcoin is primed for a monstrous surge toward unprecedented highs.
In his latest analysis session, Credible spotlights his 70,500 YouTube followers, suggesting that if Bitcoin demand skyrockets, it might consolidate above the six-figure mark before rocketing to new heights.
The trader also reveals that Bitcoin's bullish market structure remains robust, even if prices drop as low as $92,000.
"In the best-case scenario, this range ($100,000 to $105,000) would hold, and we'd form a tight consolidation, primed to catapult upward in the ensuing rally...
So here's the deal, Bitcoin basically just needs to tread water here if bulls keep pushing. And guess what? Altcoins that I'm monitoring have little legs left to hit their ideal buy zones across the board.
This is why I'm confident that Bitcoin could make one more pullback, potentially reaching the zone here ($92,000 to $95,000), or, in the most optimistic scenario, just tread water while altcoins take a little breather."
Interestingly, Credible predicts that Bitcoin may plummet even lower than $90,000 or possibly $80,000, depending on the principles of Elliott Wave Theory. This Theory proposes that a bullish asset experiences a five-wave pattern, where waves one, three, and five trend upwards, while waves two and four are corrective periods.
Credible continues,
"The correction isn't complete, which implies we're not just about ready to take off... If the correction isn't complete, it doesn't mean that if we sink here below $100,000, all of a sudden, everything has changed, and it's doomed. No. Once more, since we've wrapped up this impulse (from $74,000 to $112,000), the correction that follows can still reach $97,000. It might even plummet to $91,000. It could even dip down to $85,000. As long as it's above the starting point - $74,000."
Intriguingly, Credible's chart analysis suggests that Bitcoin is currently experiencing a consolidation phase within a major wave three rally that started when Bitcoin bottomed out at $74,000 in April. This wave is propelling Bitcoin toward a dazzling new all-time high of $238,000. However, it's important to note that this wave three projection will be invalidated if Bitcoin slips below the $74,000 starting point.
At the moment, Bitcoin is trading at $105,379.
Stay tuned on X, Facebook, and Telegram*Zero In - Subscribe to score live alerts in your inbox Dive into Price Action.Feast on the Daily Hodl Mix*.
Disclaimer: Opinions expressed on The Daily Hodl are not financial advice. Do your homework before making any high-risk investments in cryptocurrencies, Bitcoin, or digital assets. Please note that The Daily Hodl participates in affiliate marketing.
Source: The Daily Hodl, Elliott Wave Theory
Industry Updates
- Meta Earth Network 2.0: Launching Web3 Innovation with Rewards and Worldwide Events
- Perceptron Network Merges with BlockMesh: Crafting the First Decentralized AI Data Ecosystem
- Bubblemaps Integrates with TON, Amplifying Transparency in Telegram's Native Blockchain Landscape
- NATIX Network Debuts DePAI Initiative: Merging DePIN Infrastructure with AI Power
- BitVault Secures $2 Million Funding from GSR, Gemini, and Auros: Launching BTC-Backed Currency
- TAC Raises $11.5 Million: Bringing DeFi to Telegram's Billion-User Ecosystem
- Falcon Finance Launches Falcon Miles: Rewarding Ecosystem Participants
$106,107.43 ⏫ 1.38%*$2,556.58* ⏫ 1.44%$648.62 ⏫ 1.05%*$147.78* ⏫ 1.96%$2.18 ⏫ 1.24%
Spotlight
- Hackers Breach Mortgage Firm: Looting Information of 30,453 Victims, Including Security Numbers, Names, and Account Details
- $190,000 for Bitcoin, According to Analyst Kevin Svenson - His Forecast
- Trump Slams Jerome Powell: Calls Fed Chair a 'Numbskull,' Blames Rate Cuts for Costing $600 Billion
- Possible Bearish Targets for Bitcoin: Analyst's Predictions If BTC Fails to Break Above Crucial Level
Focusing on the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.
Categories
Bitcoin • Ethereum • Trading • Altcoins • Futuremash • Financeflux • Blockchain • Regulators • Scams & Hacks • HodlX • Press Releases
ABOUT US | EDITORIAL POLICY | PRIVACY POLICY | TERMS AND CONDITIONS | CONTACT | ADVERTISE
JOIN US ON TELEGRAM
JOIN US ON X
JOIN US ON FACEBOOK
© 2017-2025 The Daily Hodl
- As the bullish sentiment around Bitcoin continues, investors might also be eyeing opportunities in the altcoin market, hoping for a surge similar to that of the primary cryptocurrency.
- Credible's analysis further suggests that the robust market structure of Bitcoin could lead to a consolidation phase, with altcoins potentially taking a breather, making it an interesting time for those investors seeking diversification in the cryptocurrency landscape.
