Bitcoin News
By James Thorp
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Long-Term Holders Turn Buyers Again. Credible, who has garnered a large following for his accurate Bitcoin market calls, points out…
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Bullish Outlook: 200% Potential Upside. With long-term holders returning to the market, Credible believes that Bitcoin is preparing for…
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Short-Term Predictions: Another Leg Up Before a Dip. In the immediate term, Credible sees Bitcoin fueling one more leg up before facing a potential…
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What’s Next for Bitcoin?. The return of long-term holders to the market is a key signal for Bitcoin's price action in the…
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Final Thoughts: A 200% Rally on the Horizon?. Credible’s analysis suggests that Bitcoin is in the early stages of a powerful rally, fueled by…
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Bitcoin (BTC) may be gearing up for a massive rally, according to prominent crypto strategist Credible.
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Credible, who has garnered a large following for his accurate Bitcoin market calls, points out that long-term holders—defined as entities holding BTC for at least 155 days—are…
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"It’s been three to four months since the last post I made on long-term holder supply, in which I showed that long-term holders had been net distributing on the rise from…
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The selling momentum continued well into March, but as of April, a noticeable shift occurred.
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"For the last seven months, long-term holders sold into the rip. Now, they’re buying the dip," Credible said, signaling a change in behavior among those who typically hold onto…
11 / 15
“On something like BTC, however, the time to buy spot was much, much lower. Sure, we can go higher this cycle, but upside this cycle is relatively limited (and by that I mean…
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Credible's target for Bitcoin suggests that it could see an increase of up to 200%, potentially reaching levels far higher than where it is currently trading.
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"Liquidity taken from the upside and approaching the first area of interest at $86,000+," he added, indicating that Bitcoin could experience some upward momentum before reaching…
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At the time of writing, Bitcoin is trading at $87,377, showing signs of resilience despite recent market corrections.
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If Bitcoin continues to follow this trend and breaks past the short-term resistance levels identified by Credible, it could be poised for a significant rally, possibly reaching…
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