Wednesday, September 27, 2023
HomeBitcoinCredible Crypto Outlines How Bitcoin (BTC) Could Initiate Fresh Price Reversal to...

Credible Crypto Outlines How Bitcoin (BTC) Could Initiate Fresh Price Reversal to New All-Time High

Credible Crypto, a closely followed crypto analyst has recently outlined how Bitcoin (BTC), the largest cryptocurrency by market cap, could initiate a fresh price reversal toward a new price all-time high.

According to the popular pseudonymous crypto strategist in a tweet, Bitcoin (BTC) bulls have successfully defended the $25,000 critical support level following the Monday price correction.

Read Also: Analyst Known for Nailing Bottoms, Predicts Bitcoin Bounce Before a Fresh Decline. Here’s the Timeline

Credible Crypto stated that a drop below $25,000 support could result in a huge liquidation, which could end up being a blessing in disguise for long-term Bitcoin bulls.

Credible Crypto tweeted, “I consider the 1st target met at this point – which means anything lower is a ‘bonus.’ Will only be driven by forced liquidations and the minute we manage to reclaim $27,500, we probably squeeze up and see a full-on reversal.” 

The top trader says he’s currently accumulating Bitcoin as he predicts a move above $27,500 could send BTC skyrocketing to a new all-time high.

“I’ve started buying spot BTC as per the plan. Haven’t hit ‘sub-$25,000’ yet but took our lows at $25,800-ish… Keeping it simple: Can fish for liquidations into $22,000-$23,000. Downwide capped at $20,000, in my opinion. Reclaim $27,500 and we are ready for continuation to new all-time highs.”

Read Also: Bitcoin (BTC) at $7,000? Bloomberg Strategist Warns of Possible Crash Before Recovery

According to Credible Crypto, Bitcoin’s latest move down to $25,000 is “logical and healthy” as he holds the contrarian view that BTC will print a fresh all-time high in 2023, leaving many traders on the sidelines.


At the time of filing this report, BTC is trading at $26,722, with a relatively 4% price upsurge in the last 24 hours, according to CoinMarketCap.

Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Latest News & Articles