Credible has assured its subscribers that bitcoin is in the midst of a true bull run following a long period of decline in price last year. According to the crypto blogger, the BTC price movement from June to December represents the longest period of consolidation in the last four years:
The expansion has begun. If you think the rallies in 2019 and 2020 were strong, wait until you see something new.”
The analyst believes that any rally should be preceded by periods of low-volatility consolidation. He admits: such times “are boring”. However,
in his opinion, it’s part of a natural process. Credible believes: “the more boring the consolidation”, the more interesting the expansion. Now the fourth wave has been passed and bitcoin is inside the fifth:
“Now that our fourth wave is over, I am updating the chart. We can see it again, $14,000 was never reached and our big fifth wave has begun.”
DonAlt, who previously predicted the bottom of Bitcoin, assured that BTC would rise in price to $100,000.
Source: Bits
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