Forecast of New Crypto Surges Primarily Driven by Bitcoin, Analyst Claims Bitcoin Showing Robust and Vibrant Trends
Ready for some savage crypto insights? Let's dive into today's hottest Bitcoin analysis, courtesy of the none-more-legendary pseudonymous trader, Credible. This razor-sharp analyst is well-known for his timely Bitcoin calls and is making waves again with his view that BTC is primed to lead the next big crypto rally!
Now, let's talk volume. According to Credible, Bitcoin's demand is meeting selling pressure above $90,000, and his cumulative volume delta (CVD)—a nifty order flow tool—is easing off, suggesting significant absorption of selling pressure. "Bitcoin is looking really healthy here," he notes, with funding also negative/neutral at the moment. So, what does this mean? Well, it looks like we might see some significant bullish momentum from the OG cryptocurrency.
But what about altcoins, you ask? Credible predicts that they'll likely be left in Bitcoin's dust during a rally. However, once BTC reaches a new all-time high, the presence of Bitcoin might pave the way for altcoins to follow. And when they do, we could see a so-called "capitulation" move, where altcoins start to catch up to Bitcoin.
So, what can we expect from BTC in the short-term? At the time of writing, BTC was trading for just under $94,200, eyeing that $100,000 prime bull target. If BTC continues its beast-mode bull run and breaches that all-time high, we could see it hit $125,000 to $135,000, giving altcoins the kick they need to get on board.
And here's the sickest part: if you're not already holding BTC, now might be the perfect time to get in! Don't let fear of missing out (FOMO) keep you from getting in on the ground floor. Stake your claim and watch the crypto world burn—in a good way, of course!
Join Credible and thousands of fellow enthusiasts on X, Facebook, and Telegram to stay on top of this exciting, ever-evolving market. And remember, always do your own research before making any high-risk investments. Safe trades, crypto clan!
Oh, and before we sign off—check out this week's HodlX section for the latest stories, FAQs, and opportunities to submit your own guest posts. We can't wait to see what you've got brewing!
Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Be sure to do your due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
- Cryptocurrency enthusiasts are anticipating BTC to lead the next big crypto rally, as suggested by the legendary pseudonymous trader, Credible.
- Credible also believes that altcoins might trail behind Bitcoin during a rally, but could potentially follow once BTC reaches a new all-time high.
- If Bitcoin breaches its all-time high, we could see it hitting $125,000 to $135,000, providing the needed momentum for altcoins.
- In order to get in on the potential bullish momentum, it might be wise for those who are not already holding BTC to consider investing now, battling fear of missing out (FOMO).
- Those interested in keeping up with the exciting cryptocurrency market can join Credible and fellow enthusiasts on various platforms like X, Facebook, and Telegram, while always doing their own research before making high-risk investments.
