Bitcoin and altcoin markets have been the talk of the town lately, with a well-known crypto strategist making some bold predictions for the future of BTC. The analyst, known as Credible Crypto, has a track record of accurately predicting market movements and is now outlining a potential path for Bitcoin to end the current bull market with a bang.
Credible Crypto, who has a following of over 65,900 subscribers on YouTube, believes that Bitcoin is currently in the fifth and final leg of its long-running bull market that started around six years ago. Using the Elliott Wave theory, which suggests that bullish assets tend to see five-wave rallies before a correction, the analyst predicts that Bitcoin could be gearing up for a parabolic surge in the coming months to complete its fifth and final wave.
In a recent video, Credible Crypto stated, “So we’re in the final leg of the final leg, in my opinion, of the cycle that started back here in 2018 at $3,000 Bitcoin. Within this final fifth wave, again the idea is that if this final fifth leg up has started, which at this point it seems like it has, it should be rather aggressive… The idea is that this fifth wave should generally be a blow-off top.”
The trader also shared his price targets for Bitcoin during this bull market, suggesting that BTC could realistically surge by nearly 60% from its current levels before entering a new trend. He mentioned, “We could see this move up very aggressively. And the longer that we take down here to move up, that means the higher we’re going to go. So again, I previously said above $100,000… $150,000 is realistic based on what we’ve seen so far. But we could push up to $200,000. We could even push up to $250,000 with my absolute max for this cycle being $300,000.”
With Bitcoin currently valued at $95,075, these predictions are certainly catching the attention of investors and crypto enthusiasts alike. As the market continues to evolve, it will be interesting to see if Credible Crypto’s forecasts come to fruition and how Bitcoin’s price will ultimately play out in the coming months.
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