Bitcoin (BTC), the most prominent digital asset, established in 2009 and created by the enigmatic Satoshi Nakamoto, is setting up for an explosive move to the upside, according to the famous analyst Credible. The prominent trader and analyst has recently tweeted his views and foresight of the popular cryptocurrency as he believes that Bitcoin is ready for a rally that sets it far beyond the unpredictable $30,000 level.

The expensive and volatile digital asset has seen a sharp drop from $30,000 and is presently trading at $27,416. Credible sees it as an opportunity for people to reinvest in alts and get ready for the upcoming leg of its anticipated rally. He believes that the current or desired level of BTC should be the resistance point after which the cryptocurrency could rally much further. Additionally, he has expressed his dire opinion about BTC displaying a market structure that is paving the way for its next leg. On the other side, he made sure to explain that alt season is not in sight, but altcoin holders have a chance to play some short-term pumps before the BTC start its next leg.

Credible has also expressed that Bitcoin is on the way to new all-time highs in the next year or two, an outlook that is in contrast with the commonly shared perspective that the halving cycle would lead to extended accumulation ranging anywhere from $30,000 -$40,000 over the next six months. He also claims that this necessary pullback has been triggered due to a high wave of unanticipated black swan effects which were followed by mass-liquidation and extreme panic selling.

Furthermore, Credible notes that the extensive dip of BTC to the beneath the $30,000 level has made it easier for its investors to calmly and steadily stock up Bitcoin prior to its upcoming sudden rally. All in all, Credible is upbeat about the immediate Bitcoin rate, expressing a medium-term target of about $45,000 by mid-July.



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