In the ever-evolving world of cryptocurrency, a prominent strategist known as Credible Crypto is stirring excitement among followers with predictions of a potential Bitcoin (BTC) rally.
He suggests that Bitcoin could surge to $68,000 in the near future, sparking a wave of optimism across the altcoin market. However, he cautions that this upswing may be fleeting, as he anticipates a return to bearish trends shortly after.
Credible Crypto, who boasts a following of over 423,300 on social media platform X, emphasizes that while a relief rally seems imminent, it is merely a part of a larger downward correction. Currently, Bitcoin is trading at approximately $61,919, and the analyst’s charts indicate a possible dip below $48,000 after the anticipated rally.
Turning to Ethereum (ETH), Credible highlights a robust order book that supports his bullish outlook for a market bounce. He notes that spot investors are actively placing buy orders, which could help stabilize ETH prices for the time being.
With a mix of caution and optimism, Credible Crypto paints a dynamic picture of the crypto landscape, suggesting that while opportunities may arise.
