Trader Predicts ‘Aggressive’ Upside Rally for Bitcoin, Unveils ‘Realistic’ Bull Market Price Target for BTC

A crypto strategist identified for his well timed Bitcoin and altcoin calls outlines a possible path for BTC to finish the present bull market with a bang.

Pseudonymous analyst Credible Crypto tells his 65,900 YouTube subscribers that Bitcoin seems to be within the fifth and last leg of its secular bull market that began about six years in the past.

The dealer applies the Elliott Wave principle, which states {that a} bullish asset tends to witness five-wave rallies, with wave 5 appearing as the ultimate leg earlier than a correction.

In response to Credible, Bitcoin might witness a parabolic wave within the coming months to finish its fifth and last wave.

“So we’re, for my part, within the last leg of the ultimate leg of the cycle that began right here in 2018 at $3,000 Bitcoin. Inside this last fifth wave, the concept once more is that after this last fifth stage has begun, which appears to have occurred in the meanwhile, it must be fairly aggressive…

The thought is that this fifth wave ought to typically be a blow-off prime.”

The dealer additionally reveals his Bitcoin bull market worth targets, predicting that BTC might realistically rise practically 60% from present ranges earlier than shifting to a brand new development.

“We might see this motion rising very aggressively. And the longer it takes us to go up, the upper we go. So once more, I stated above $100,000 earlier… $150,000 is sensible primarily based on what we have seen thus far. However we might go as much as $200,000.

We might even go to $250,000, with my absolute most for this cycle being $300,000. I do not assume we’ll get near $300,000, however we might see $200,000 to $220,000.

All of it relies on how aggressively we go up and the period of time we take to go up. The longer we take to finish this step, the upper we go.”

On the time of writing, Bitcoin is value $95,075.

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