Crypto Analyst Predicts Abrupt Bitcoin Rally, Says BTC Still in Massive Uptrend Despite Recent Corrective Move

Henry Kanapi

An analyst who’s been making timely Bitcoin (BTC) calls recently believes that the crypto king is still poised for a big surge despite yesterday’s drop.

In a new video update, Credible Crypto tells his 351,400 followers on the social media platform X that Bitcoin may be in the latter stages of a wave four corrective move after dropping to a 24-hour low of about $35,266.

According to the trader, Bitcoin is gearing up to end its major wave four structure by forming an ascending triangle pattern on the lower time frame.

“More likely, I think it’s probably going to end up like [an ascending triangle]. That makes a lot of sense to me. Because again, triangles are often found in wave fours… That would look something like [a consolidation] here like an ascending triangle and then rip to the upside. That may be what we’re getting here at the moment…

It can take different shapes and forms but that makes a lot of sense here and then just continuation.”