Bitcoin’s Path to a New All-Time High: Strategist Predicts $126,000 by April

A well-known crypto strategist who has a history of making accurate Bitcoin predictions is confident that BTC will hit a new all-time high in the coming months.

Credible Crypto believes that Bitcoin is currently trading within a broad range between $110,000 and $88,000. While he expects this period of consolidation to resolve in Bitcoin’s favor, he forecasts a drop into the low $80,000 range first, to shake out weaker traders before a potential parabolic rally.

He explains that it would be ideal for this multi-month consolidation to end with a clear base, setting the stage for the next major price surge. According to his analysis, the focus is on two ranges—one short-term (blue) and one long-term (black).

While it’s uncertain whether Bitcoin will first revisit the highs of the short-term range, he suggests that a deviation below the long-term range lows could trigger a reversal, leading to a sharp rally. Credible Crypto’s chart analysis shows that after this expected correction, Bitcoin could soar to a new all-time high of $126,000 by April.

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However, he also pointed out that if Bitcoin decisively breaks the $110,000 resistance level, it could invalidate his bearish short-term outlook. He further explained that this consolidation phase is crucial, as it helps to create a strong foundation for the anticipated surge.

He encouraged investors to remain patient during these periods of price corrections, as they often precede significant market moves. For long-term holders, this could present an opportunity to buy at lower prices before Bitcoin eventually rallies past its previous all-time high.

Alexander Stefanov