According to pseudonymous analyst Credible Crypto, Bitcoin is currently in a corrective wave two within a five-wave rally, based on the Elliott Wave theory. While Bitcoin may retrace to below $80,000, it is expected to experience a violent burst to the upside, with a potential rally to at least $150,000 and a maximum target of $230,000. The analyst believes this final surge will be the most aggressive move of the current cycle. At the time of writing, Bitcoin is trading at $97,987.



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