The analyst’s insights on Bitcoin’s recent activities suggest that the downside risk may be less significant than previously anticipated, paving a bullish path for a massive upside for Bitcoin. Related Reading: Bitcoin Whales Spend $6.3 Billion In One Day As Historic BTC Buy Signal Appears Sharing a graphical chart of Bitcoin’s price actions from April to May 2024 in a YouTube video, Credibull Crypto predicted that Bitcoin could see its price rising above $100,000 in this projected ultra-bull scenario.
A crypto analyst has forecasted an "ultra bull scenario” for Bitcoin, highlighting key support levels and technical patterns that suggest a price rally above $80,000 in this market cycle. Bitcoin Could See Upside Above $80,000 In a recent X (formerly Twitter) post, a crypto analyst identified as CrediBullCrypto’ has doubled down on his previous prediction of an ultra-bull scenario for Bitcoin in the future.
This is because the 14,000 BTC difference typically indicates elevated market activities, which often precede volatile price movements. Additionally, the CrediBull Crypto revealed that a single unidentified Bitcoin whale was responsible for approximately 10,000 BTC of the increased 14,000 BTC Open Interest.
The story " Bitcoin Price Could Reach $80,000 Under "Ultra Bull" Scenario, Predicts Analyst" has 473 words across 64 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story " Bitcoin Price Could Reach $80,000 Under "Ultra Bull" Scenario, Predicts Analyst" was covered 3 weeks ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 3 news stories per day.
It's most recent story was published 13 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
