bt-crow.com
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Anonymous crypto strategist with the nickname Credible predicts a serious rebound in the bitcoin rate, but warns that the recovery will go immediately
In his opinion, bitcoin has reached a local bottom and is now ready for a consoling rally:
“The lows that I expected are being reached. Orders on Bitfinex at $ 45,000 have been filled and we are now ready for a consolation rally to $ 55,000. “
While Credible is bullish on Bitcoin over the long term, it predicts BTC will set a lower high at $ 55,000 ahead of another major correction:
“We will see a comforting rally in the next week or two, but then there will be another fall below $ 42,000, but above $ 30,000.”
The crypto-strategist in his work applies the Elliott wave theory, which predicts a change in course through crowd psychology, manifested in the form of waves. Bitcoin is still in the middle of the fourth wave, which is the corrective phase of a 5-wave uptrend, according to Credible. He believes that a move below $ 40,000 will complete the fourth wave and provide BTC with the opportunity to launch the fifth and final wave on its way to a $ 100,000 peak in July 2022.
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