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Reading: Credible Crypto Predicts Bitcoin’s Fifth Wave of Price Surge
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COINTURK NEWS > Bitcoin (BTC) > Credible Crypto Predicts Bitcoin’s Fifth Wave of Price Surge
Bitcoin (BTC)

Credible Crypto Predicts Bitcoin’s Fifth Wave of Price Surge

In Brief

  • Credible Crypto projects Bitcoin could rise to $200,000 in the current cycle.

  • Price targets depend on the market's speed and duration of the upward trend.

  • A potential for prices to reach between $150,000 and $220,000 exists.

İlayda Peker
İlayda Peker 5 months ago
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Crypto strategist Credible Crypto anticipates that Bitcoin’s current bull market will continue strongly and has entered the fifth and final phase of a six-year bull cycle. During this period, Bitcoin $104,568 is projected to experience an aggressive rise, potentially reaching $200,000.

Contents
Bitcoin’s Fifth Wave Rise BeginsPrice Targets and Expectations

Bitcoin’s Fifth Wave Rise Begins

Based on Elliott Wave Theory, Credible Crypto states that Bitcoin is in the final phase of a five-wave rise. According to this theory, prices typically undergo a correction before exhibiting a parabolic increase.

Credible Crypto indicates that Bitcoin could complete this fifth wave in the coming months, entering a strong upward trend with an approximate 60% increase from current levels.

Price Targets and Expectations

Credible Crypto suggests that Bitcoin could fluctuate between $150,000 and $200,000 at its peak. However, achieving a higher target requires the market to behave aggressively.

The analyst believes that it is more likely for Bitcoin to reach $200,000. If a longer-term rise occurs, prices might reach as high as $220,000. However, the target of $300,000 is considered less probable.

In conclusion, as Bitcoin’s fifth wave rises sharply, speed and duration factors will play critical roles in determining price targets.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 30 December, 2024 - 12:44 pm 30 December, 2024 - 12:44 pm
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By İlayda Peker
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