Bitcoin (BTC) Will Hit a New All-Time High in the Coming Months, Says Credible Crypto

Credible Crypto believes that Bitcoin is currently trading within a broad range between $110,000 and $88,000.

A popular crypto strategist known for his accurate Bitcoin predictions is sharing his latest analysis, suggesting BTC will hit a new all-time high in the coming months.

Credible Crypto has observed Bitcoin consolidating within a broad range between $110,000 and $88,000. He anticipates this period of consolidation will conclude in Bitcoin’s favor; however, he predicts a brief drop into the low $80,000 range to shake out weaker traders before a potential parabolic rally.

According to Credible Crypto, this multi-month consolidation should ideally conclude with a clear base, setting the stage for the next major price surge. His analysis focuses on two ranges – one short-term (blue) and one long-term (black).

Credible Crypto’s chart analysis suggests that after this anticipated correction, Bitcoin could soar to a new all-time high of $126,000 by April.

While it’s unclear whether Bitcoin will first revisit the highs of the short-term range, he suggests that a deviation below the long-term range lows could trigger a reversal, leading to a sharp rally.

Credible Crypto’s analysis further indicates that if Bitcoin decisively breaks the $110,000 resistance level, it could invalidate his bearish short-term outlook.

Credible Crypto emphasizes the importance of this consolidation phase in creating a strong foundation for the anticipated surge. He advises investors to be patient during these periods of price corrections, as they often precede significant market moves.

For long-term holders, this could present an opportunity to buy at lower prices before Bitcoin eventually rallies past its previous all-time high.