Trader expects parabolic watch rally in two months A Credib | Global CRYPTO News
Trader expects parabolic watch rally in two months
A Credible analyst is confident that the recent decline in the price of bitcoin (BTC) is setting the stage for a parabolic rise in the main cryptocurrency.
According to the expert, the price of BTC may correct up to $25,000, but this only delays, but does not cancel a powerful upward rally.
The biggest consolidations, the slowest upward moves occur at the bottom of these parabolas. It is unlikely that we will notice them if we start moving to $30,000, $40,000 or $50,000. Everything will happen quickly and aggressively. Many will be taken by surprise.
Credible expects bitcoin to consolidate in a tight trading range for another two months before the price explodes to new all-time highs.
Now we have May. By July, two months at the most, we should be back up again… This should take us to $40,000. Again, don't expect deep consolidation during this period.
By the time we reach $40,000 or $50,000… nothing will stop us from hitting new all-time highs. In my opinion, this situation will last until 2024.
Today, the price of bitcoin exceeded $28,000 and rose to $28,200.
