A well-known crypto analyst, operating under the pseudonym Credible Crypto, believes Bitcoin is on the brink of a major breakout.
Credible points to a critical resistance level around $88,000, suggesting that a successful breach could set the stage for Bitcoin to climb toward the $100,000 mark.
According to the analyst, Bitcoin’s recent price movements indicate growing bullish momentum. The fact that BTC tested this key resistance level before pulling back is seen as a positive signal.
If Bitcoin holds support near $78,000 after a rejection, he predicts the next upward move could be explosive, breaking not just this resistance but also a higher supply zone that previously triggered a selloff.
Bitcoin recently touched $87,000 before dipping to around $84,000, a move that, in the analyst’s view, keeps it on track for a significant rally. He describes the latest rejection as a textbook response, reinforcing the idea that BTC remains positioned for a long-term uptrend.
Dan Tapiero, a seasoned macro investor and hedge fund manager, sees potential for a significant Bitcoin surge if the U.S. economy hits a downturn that pushes the Federal Reserve toward aggressive rate cuts.
Bitcoin rose steadily in April, breaking through the psychological barrier of $100,000.
As global crypto companies reconsider their U.S. strategies due to rising geopolitical tensions, Hive Digital Technologies is betting on Latin America — specifically Paraguay — as its next growth frontier.
Bitcoin is on the verge of regaining its psychological threshold of $100,000, and analysts at CryptoQuant explain some of the reasons behind the rise.