Aggressive Bitcoin Price Move Is Here

Aggressive Bitcoin breakout is around the corner. Check out the latest bullish predictions about the price of the king coin.

It’s been just revealed that there is a popular crypto strategist and trader who is predicting a strong breakout for Bitcoin as BTC continues to flash signs of bullishness.

In a new strategy session, pseudonymous analyst Credible said that a Bitcoin eruption is in sight after the king crypto surged above its diagonal resistance.

“The market looks good. Bitcoin continues to grind up and climb up. [BTC] looks excellent. This is exactly what we wanted to see. We’ve now broken the upper trend line of this potential triangle…”

He continued and said:

“We keep seeing on the lower timeframe these smaller impulses… Now that we’re breaking out of this consolidation, the move-up should be aggressive. You could just explode at some point.”

It’s important that he notes that Bitcoin can still correct to the $40,000 price range.

He was also looking at the lower timeframes and Credible highlights that Bitcoin’s market structure is reminiscent of its price action back in March 2020 when BTC abruptly recovered from the pandemic-induced crash.

Credible also made sure to share BTC’s four-hour chart during the March 2020 recovery first followed by Bitcoin’s price action in the one-hour timeframe over the last few days to show the similarities.

“This PA is giving me $3,000 vertical accumulation vibes. When bullzooka candle?”

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $44,890.

Earlier, we reported that in a new interview with StockCharts, Brandt says Bitcoin is currently taking a breather after crypto assets surged by around 17 times since the crash of March 2020 that was triggered by the Covid-19 pandemic.

Stay tuned for more news and keep your eyes on the market.