A well-known market analyst is doubling down on bullish expectations for Bitcoin, even after the world’s largest cryptocurrency endured a sharp pullback in recent days.
The trader, known in crypto circles as Credible Crypto, believes that the correction is only a pause before another explosive leg higher.
He predicts Bitcoin could enter a phase of rapid upside momentum over the coming weeks, provided it holds a crucial support level around $105,000.
“Losing that zone would delay the cycle and surprise me at this point,” the analyst suggested, adding that current conditions still favor continuation rather than collapse. Bitcoin is trading near $113,300 at press time, comfortably above the line in question.
Beyond Bitcoin, Credible Crypto has also turned his attention to XRP. According to his latest chart analysis, the XRP/BTC pair appears to be carving out an inverse head-and-shoulders formation on lower timeframes – a pattern traditionally viewed as bullish.
If confirmed, he believes XRP could climb at least 28% against Bitcoin, revisiting levels not seen since July.
“If Bitcoin stabilizes here, XRP is in a strong position for a breakout,” he noted, pointing to a potential rally once the market leader finds solid footing.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-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 approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/explosive-bitcoin-rally-ahead-xrp-could-be-the-surprise-winner/