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Renowned cryptocurrency expert Credible Crypto has indicated that Bitcoin 
$104,014 is poised for a strong upward trend after its recent short-term correction. The analyst highlighted a triple-bottom formation clearly visible on the four-hour chart, suggesting a positive technical outlook for the market. If this formation holds, it could signify that Bitcoin has established a crucial support base, which the expert emphasized should be closely monitored by traders.
Critical Support Level for Bitcoin Under Scrutiny
According to Credible Crypto, Bitcoin’s recent price movement indicates that a support level tested three times may now serve as a permanent floor. This technical formation implies that the price is gaining strength within a specific range, preparing for its next leap. The analyst mentioned, “If this triple test holds, it could represent the most legendary bottom level in history,” serving as a strong signal for both professional traders and cautious individual participants in the market.
However, if Bitcoin fails to maintain the $78,264 level as support, there is a risk of a pullback of approximately 13% from its current price. This decline may prompt traders to reassess their stop-loss strategies. Given the current prices, transactions executed below these support levels could lead to significant short-term fluctuations.
Warning Signs for Ethereum and XRP
The critical technical outlook for Bitcoin is creating similar pressures in other major cryptocurrencies. Credible Crypto suggested that Ethereum 
$2,481 could slip to $1,100 in the event of a BTC decline. The analyst pointed out that ETH struggles to break through expected support levels, posing additional risks for investors. Caution is particularly warranted for short-term trades.
Ethereum’s horizontal support around $1,800 remains valid until the end of the month. However, the analyst argues that if prices dip below this level, spot purchases at lower levels, referred to as the “orange zone,” could be considered. This region may present opportunities for long-term investors, as the analyst stated, “Spot positions acquired from this area won’t incur losses in the medium to long term.”
Evaluations for XRP suggest that while the price may temporarily dip below $1.80, this won’t indicate a permanent break. The analyst believes this movement could be a “false breakout,” potentially leading to a new wave of upward momentum. Thus, XRP’s dip below $1.80 could represent a maneuver before a resurgence rather than a sign of weakness.
