Crypto Strategist Predicts Big Bitcoin Breakout in Seven to 10 Days

A well-known analyst in the crypto community, known for making contrarian calls, suggests that Bitcoin (BTC) is on the verge of a significant upward movement. The pseudonymous analyst, Credible, shared insights with his 396,100 followers on the social media platform X, indicating that Bitcoin might experience a minor dip before a major breakout.

Credible predicts that BTC could drop to as low as $62,000 before initiating a parabolic rally to new highs. He elaborates:

"Downside now limited to $60,000 (invalidation) and realistically no lower than $62,000-$63,000 (if that) with a high likelihood that this level gets front run as well. I give it about seven-10 days before we absolutely giga-send BTC. Target: $100,000+"

According to the crypto trader, this anticipated Bitcoin rally will lead to a shift in the market dynamics, with traders moving their investments from altcoins to Bitcoin to avoid missing out on the expected surge:

"BTC prints an absolute chad of an impulse candle which is so big and strong that the collective attention of the space shifts to BTC for a period of time and liquidity begins to flow out of the 10,000,000 other alts (of which DOGE is one) and into BTC as it begins to go vertical."

In the short term, Credible foresees Bitcoin experiencing another rally above $70,000, followed by a correction toward $64,000 before ultimately reaching new all-time highs.

If these predictions hold true, the crypto market could see significant movements in the coming days, with Bitcoin potentially hitting the $100,000 mark.

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