Credible Crypto, one of the names closely followed in the cryptocurrency markets, predicts that the upward trend may continue despite $BTC losing the $ 60,000 level.
In its analysis shared with more than 400 thousand followers on the social media platform However, the analyst also warns that it may take some time for this new uptrend to start.
Credible Crypto emphasizes that $BTC investors should not worry about current fluctuations and that it is important to maintain a long-term perspective. According to the analyst's predictions, it is possible for Bitcoin to initiate a new upward move towards the $ 100,000 level after the current correction.
Credible Crypto also warns that the increase in open interest in the market could further deepen the current correction. He states that high open interest levels could lead to a longer-term downtrend if Bitcoin holders sell their coins in the spot market.
Credible Crypto, which also makes evaluations about the altcoin markets, states that the decline in Bitcoin is likely to affect altcoins, but some altcoins may be less affected by this decline. He states that altcoins, which have made significant gains recently, have a higher risk of giving back these gains.
These analyzes by Credible Crypto are an important guide for cryptocurrency investors. However, it is always important for investors to do their own research and make decisions considering their risk tolerance.
