2025-02-07 12:00:16 by cryptodnes

07.02.2025 14:00 1 min. read Alexander Stefanov SHARE: 0 SHARES A well-known crypto analyst anticipates a major Bitcoin surge once its current period of sideways movement concludes. In a recent update, Credible Crypto, a trader who applies Elliott Wave theory to market trends, suggests that Bitcoin is gearing up for a powerful rally. He predicts a potential price increase of at least 52% in the coming weeks, marking the final stage of a long-term bullish cycle that began in 2018 when Bitcoin was priced at $3,000. According to Elliott Wave theory, asset prices move in a structured five-wave pattern during an uptrend, followed by a three-wave correction. The analyst believes Bitcoin is entering the final, most intense phase of this cycle, with a minimum target of $150,000. He expects an initial breakout, a brief period of consolidation, and then a final push that could take Bitcoin close to $300,000. However, he also warns that short-term pullbacks are possible, with Bitcoin potentially dipping as low as $80,000—or even $70,000—before resuming its upward trajectory. Despite this, he remains confident that the overall market structure remains bullish and that any such retracement would be a normal part of Bitcoin’s path toward new highs.  SHARE: 0 SHARES QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: