Projections of a Speedy Bitcoin Resurgence: Strategist Points to Accumulation Zone as Precursor to the Next Bull Run
Renowned cryptocurrency analyst Credible Crypto, with a substantial following of 353,400 on X, is optimistic about Bitcoin’s imminent upward surge.
According to the analyst, Bitcoin is presently situated within a significant re-accumulation zone. Spanning the price range of $38,000 to $34,800. Credible Crypto emphasizes that the recent sharp decline in Bitcoin’s value has brought it to the lower end of this zone. Termed the “demand zone.” If Bitcoin successfully holds within this demand zone, the analyst anticipates a substantial rally, projecting a surge all the way up to $40,000.
Credible Crypto notes that the recent dip aligned with his earlier predictions and highlights the critical demand level formed during this consolidation. Fellow analyst Kaleo, sharing the bullish sentiment, concurs with a chart for his 605,900 followers on X, affirming the potential for Bitcoin to rally to $40,000 and asserting, “And there’s your dip. Blood is for buying.”
Clever Robot News Desk 23rd November 2023
