Crypto Strategist Predicts Bitcoin Will Hit New All-Time High in Coming Months
A well-known crypto strategist, Credible Crypto, who has a track record of accurate Bitcoin predictions, has recently shared his insights on the future price movement of BTC. With a significant following of over 462,900 on X, the analyst believes that Bitcoin is currently in a wide trading range between $110,000 and $88,000.
Despite the current consolidation phase, Credible Crypto foresees a new all-time high for Bitcoin in the near future. He suggests that BTC may experience a temporary drop to the low $80,000 range to shake out weak-handed traders before embarking on a parabolic surge.
According to the analyst, the ideal scenario would involve a multi-month consolidation period followed by a breakout to the upside. He emphasizes the importance of two key ranges – a low timeframe range (blue) and a high timeframe range (black) – in determining Bitcoin’s next move.
Based on Credible Crypto’s chart analysis, he anticipates that Bitcoin could reach a new peak of $126,000 by April of this year. The chart also suggests that a bullish breakout above the $110,000 resistance level would invalidate the short-term bearish outlook for BTC.
As of the latest update, Bitcoin is currently trading at $96,616, showing a slight increase for the day.
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