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Bitcoin Could Make a Big Break in 10 Days - What to Expect?

Bitcoin Could Make a Big Break in 10 Days - What to Expect?

Cryptodnes2024/06/10 15:13
By:Cryptodnes

A popular crypto analyst has given his take on the state of the Bitcoin market and believes that BTC is headed for an upward trajectory, but needs to ease slightly first.

The analyzer known as “CredibleCrypo" predicts , that the downside will be limited to the $60,000 range, he expects Bitcoin to make a significant move in about seven to ten days, expressing hope that the price will rise to $100,000.

READ MORE:
This altcoin is significantly undervalued according to a top crypto expert

Credible believes that this surge in Bitcoin will prompt crypto traders to liquidate their altcoin holdings for fear of missing out:

The analyst added:

BTC will likely emit a large momentum candle that will be so significant and strong that the collective focus of the crypto market will shift to BTC for a while and liquidity will move away from [altcoins including DOGE] towards BTC. as it will start moving vertically.

This prediction is supported by the movements of the big investors (whales) as according to Get in touch , provided by the founder of CryptoQuant, Bitcoin they have taken quite a long position around the $69,000 level, reflecting growing optimism.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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