An analyst known as 'Credible' predicts that Bitcoin will rally to reach its all-time high of $74,000 soon. However, this rally is expected to be a fakeout, potentially trapping bullish investors who anticipate continued upward momentum.
Once Bitcoin hits this high, a larger correction phase is anticipated. Despite the short-term setback, 'Credible' forecasts that Bitcoin will eventually surpass the $100,000 mark after this correction has taken place.
The analyst suggests that the anticipated bull market for Bitcoin is likely to begin in 2024, indicating potential long-term growth despite possible near-term volatility.
