Popular crypto analyst Credible believes that the rapid rally, which will end with the update of the historical maximum of the first cryptocurrency, has already begun.
Credible has assured its subscribers that bitcoin is in the midst of a true bull run following a long period of decline in price last year. According to the crypto blogger, the BTC price movement from June to December represents the longest period of consolidation in the last four years:
The analyst believes that any rally should be preceded by periods of low-volatility consolidation. He admits: such times “are boring”. However, in his opinion, this is part of a natural process. Credible believes: “the more boring the consolidation”, the more interesting the expansion. Now the fourth wave has been passed and bitcoin is inside the fifth:
DonAlt, who previously predicted the bottom of Bitcoin, assured that BTC would rise in price to $100,000.
Source: bitcoinlinux.com
