Crypto strategist Credible Crypto anticipates that Bitcoin’s current bull market will continue strongly and has entered the fifth and final phase of a six-year bull cycle. During this period, Bitcoin 
$93,696 is projected to experience an aggressive rise, potentially reaching $200,000.
Bitcoin’s Fifth Wave Rise Begins
Based on Elliott Wave Theory, Credible Crypto states that Bitcoin is in the final phase of a five-wave rise. According to this theory, prices typically undergo a correction before exhibiting a parabolic increase.
Credible Crypto indicates that Bitcoin could complete this fifth wave in the coming months, entering a strong upward trend with an approximate 60% increase from current levels.
Price Targets and Expectations
Credible Crypto suggests that Bitcoin could fluctuate between $150,000 and $200,000 at its peak. However, achieving a higher target requires the market to behave aggressively.
The analyst believes that it is more likely for Bitcoin to reach $200,000. If a longer-term rise occurs, prices might reach as high as $220,000. However, the target of $300,000 is considered less probable.
In conclusion, as Bitcoin’s fifth wave rises sharply, speed and duration factors will play critical roles in determining price targets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
