An analyst known for making contrarian crypto calls thinks that Bitcoin (BTC<\/a>) is days away from igniting a big burst to the upside.<\/p>\n Pseudonymous analyst Credible tells his 396,100 followers on the social media platform X that Bitcoin is likely due for one last leg down before a huge breakout.<\/p>\n The crypto trader says<\/a> BTC may fall as low as $62,000 before triggering another parabolic rally to new highs.<\/p>\n \u201cDownside now limited to $60,000 (invalidation) and realistically no lower than $62,000-$63,000 (if that) with a high likelihood that this level gets front run as well. I give it about seven-10 days before we absolutely giga-send <\/span>BTC<\/span>. Target: $100,000+\u201d<\/span><\/em><\/p>\n According to Credible, the Bitcoin rally will drive crypto traders into unloading<\/a> their altcoin holdings out of fear of being left out.<\/p>\n \u201cBTC prints an absolute chad of an impulse candle which is so big and strong that the collective attention of the space shifts to BTC for a period of time and liquidity begins to flow out of the 10,000,000 other alts (of which DOGE is one) and into BTC as it begins to go vertical.\u201d<\/em><\/p>\n In the near term, Credible believes that Bitcoin will witness one more rally above $70,000 prior to a correction toward $64,000 and a rally to new all-time highs.<\/p>\n \u201cManifesting.\u201d\u00a0<\/em><\/p>\n At time of writing, Bitcoin is worth $69,577.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" An analyst known for making contrarian crypto calls thinks that Bitcoin (BTC) is days away from igniting a big burst to the upside. Pseudonymous analyst Credible tells his 396,100 followers on the social media platform X that Bitcoin is likely due for one last leg down before a huge breakout. The crypto trader says BTC […]<\/p>\n","protected":false},"author":2,"featured_media":244455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-320221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/320221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=320221"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/320221\/revisions"}],"predecessor-version":[{"id":320228,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/320221\/revisions\/320228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/244455"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=320221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=320221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=320221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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