A well-followed crypto strategist known for pinpointing Bitcoin’s turning points is now anticipating a major move that could lift the asset to uncharted highs.
Analyst Credible shared his outlook on how Bitcoin may break out of its current consolidation zone and resume its bullish trajectory. His forecast suggests that BTC is forming a classic setup consistent with Elliott Wave theory, which analyzes investor sentiment cycles to predict price action.
According to the analyst, Bitcoin is currently stabilizing just under resistance and may continue to trade in a compressed range for several more weeks. While a short-term rally above $110,000 is possible, Credible believes BTC is more likely to dip back toward $100,000 before building enough momentum for a sustained breakout.
He emphasizes that a period of low volatility and tighter consolidation could serve as the launchpad for a much larger upward expansion, potentially setting the stage for new all-time highs as July draws to a close.
Beyond Bitcoin, Credible is also bullish on the broader altcoin market. Despite concerns that capital may be lacking for major altcoin rallies, he argues that crypto remains a small fish in a massive ocean of global liquidity — and that the same doubts were raised before Bitcoin exploded past $100,000.
With Bitcoin’s structure intact and momentum building, market watchers are keeping a close eye on key support and resistance zones. If current patterns hold, July could mark the start of the next big phase in the bull cycle.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/top-analyst-predicts-btc-surge-after-short-term-pullback/