A widely followed crypto analyst and trader is predicting a triple-digit rally for Bitcoin (BTC) over the coming months.
Pseudonymous analyst CredibleCrypto tells his 343,800 Twitter followers that he expects Bitcoin to surge to a price of over $70,000 this year, an increase of approximately 135% from the current level.
“$70,000+ this year, in case I wasn’t clear before.”
According to CredibleCrypto, Bitcoin could, however, trade in a range before the major rally he expects kicks off.
“We got that strength and our green zone held [around the $29,000 price level]! That may very well have been our bottom- that being said this move up so far still looks corrective and we have a sharp rejection on lower time frames so do not be surprised if we chop around for a bit longer before the mega move up starts. Don’t lose sight of the big picture here and don’t flip bearish if we move down a bit from here either- anything above $25,000 is a gift.”
After rallying past the November 2021 all-time high of slightly above $69,000, the pseudonymous analyst says he expects Bitcoin to meet the first resistance at a price of over $100,000.
“$100,000+ is what I’m expecting for the end of the move that breaks prior all-time high. It will come a few months after we break the all-time high. If we break the all-time high this year, that could mean $100,000 this year or early next.”
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney