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.
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