Pseudonymous Analyst Credible Crypto Believes Bitcoin (BTC) Will Print a New All-Time High in a Couple of Months

Credible Crypto tells his 462,900 followers on the social media platform X that he thinks Bitcoin is trading in a wide range between $110,000 and $88,000.

A crypto strategist who is known for his precise Bitcoin predictions believes that BTC will reach a new all-time high in a couple of months.

The pseudonymous analyst, Credible Crypto, told his 462,900 followers on the social media platform X that Bitcoin is most likely trading in a wide range between $110,000 and $88,000.

The analyst thinks that Bitcoin’s consolidation will lead to gains, but he predicts that BTC will first drop to the low $80,000 price range to shake out traders who are quick to sell at a loss before kicking off a parabolic surge.

“On the higher time frame for BTC, it would be nice to have this multi-month consolidation complete with a clean base as pictured before the next impulse begins.

Focus right now is on two ranges – one low time frame (blue) and one high time frame (black).

We may or may not visit the highs of the low time frame range first (blue arrow) but ideally would love to see a deviation below the higher time frame range lows before a reversal, reclaim and impulsive move to the upside.”

The trader’s chart seems to predict that after the correction, Bitcoin will climb to a new all-time of $126,000 by April of this year. The chart also appears to suggest that his short-term bearish outlook for Bitcoin will be invalidated if BTC convincingly breaks through its resistance at $110,000.

At the time of writing, Bitcoin is trading at $96,616, a fractional increase on the day.