A crypto strategist known for making timely Bitcoin and altcoin calls outlines a possible path for BTC to end the current bull market with a bang.
Pseudonymous analyst Credible Crypto tells his 65,900 YouTube subscribers that Bitcoin appears to be in the fifth and final phase of its secular bull market that began about six years ago.
The trader practices the Elliott Wave Theory, which states that a bullish asset tends to experience five-wave rallies, with wave five acting as the final uptrend before a correction.
According to Credible, Bitcoin could experience a parabolic rise in the coming months and complete its fifth and final wave.
“So in my opinion we are in the final phase of the cycle that started here in 2018 at $3,000 Bitcoin. Within this latest fifth wave, again, the idea is that once this latest fifth uptrend has begun, which it appears to have at this point, it should be quite aggressive…
The idea is that this fifth wave should generally be a blow-off top.”
The trader also reveals his bull market price targets for Bitcoin, predicting that BTC could realistically rise by almost 60%…
