A popular crypto strategist and trader, Credible Crypto argues that Bitcoin will regain its bullish momentum.
The pseudonymous trader, known in the industry as Credible Crypto, told his 235,800 followers that Bitcoin is not in a bear market even after the decline to a 30-day low of $43,285.
The analyst referred to a forecast that he posted in June about a steep correction for bitcoin after touching $50,000.
The trader’s chart shows that BTC is forming a large symmetrical triangle. Credible’s Chart says BTC could ultimately revisit $50,000 and then retrace to $45,000 before making anothe rally to a new all-time high.
Credible said that the worst correction is over for altcoins and he wants to buy more.
Credible Crypto
“Considering most of my [altcoins] just hit their buy zones, I’m inclined to think the worst of the carnage is over.”
Altcoin, XRP has Credible’s attention, which he says has bounced after hitting his buy area.
“This was just a buy-the-dip opportunity. Those who watched my last Youtube video on $XRP will remember the ‘wick zone.’ Clearly, it did its job.”
