Despite the fact that Bitcoin (BTC) has been stuck in a consolidation range for the past four months, well-known trader Credible Crypto predicts that the cryptocurrency could reach $100,000 in the next 30 days once it regains momentum.
He brought attention to Bitcoin's prior surge, when the leading cryptocurrency's price increased from $38,514 to $73,805. This initial surge was particularly noteworthy because it persisted for fifty days and saw a 91% increase between January 23 and March 13.
Elliott Wave theory, widely used by technical analysts for trend analysis, is the foundation of Credible Crypto's forecast. Three of the five waves that make up a bull market are considered "impulses" in the theory. In most cases, the third wave is the busiest and yields higher profits with less effort.
