A crypto strategist known for making timely Bitcoin calls believes that BTC will print a new all-time high in a couple of months. Pseudonymous analyst Credible Crypto tells his 462,900 followers on the social media platform X that he thinks Bitcoin is trading in a wide range between $110,000 and $88,000. While the analyst believes that Bitcoin’s consolidation will eventually resolve to the upside, he predicts that BTC will first drop to the low $80,000 price range to shake out paper-handed traders before kicking off a parabolic surge. “On the higher time frame for BTC, it would be nice to have this multi-month consolidation complete with a clean base as pictured before the next impulse begins. Focus right now is on two ranges – one low time frame (blue) and one high time frame (black). We may or may not visit the highs of the low time frame range first (blue arrow) but ideally would love to see a deviation below the higher time frame range lows before a reversal, reclaim and impulsive move to the upside.” Source: Credible/X Looking at the trader’s chart, he seems to predict that after the correction, Bitcoin will soar to a new all-time of $126,000 by April of this year. The chart also appears to suggest that his short-term bearish outlook for Bitcoin will be invalidated if BTC convincingly takes out its resistance at $110,000. At time of writing, Bitcoin is trading for $96,616, a fractional increase on the day. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Analyst Unveils Path Toward New Bitcoin (BTC) All-Time High by April of This Year – Here’s His Outlook appeared first on The Daily Hodl .
