Crypto Strategist Forecasts Bitcoin’s Final Bull Market Surge

A crypto strategist known for timely Bitcoin and altcoin calls outlines a potential end for BTC’s current bull market.

Pseudonymous analyst Credible Crypto tells his 65,900 YouTube subscribers that Bitcoin appears to be in the fifth and final leg of its secular bull market, which began about six years ago.

The trader follows the Elliott Wave theory, which suggests that a bullish asset tends to experience five-wave rallies, with the fifth wave acting as the final leg before a correction.

According to Credible, Bitcoin could witness a parabolic surge in the coming months to complete this fifth and final wave.

> “So we’re in the final leg of the final leg, in my opinion, of the cycle that started back here in 2018 at $3,000 Bitcoin. Within this final fifth wave, the idea is that if this final fifth leg up has started, which seems likely, it should be rather aggressive… the idea is that this fifth wave should generally be a blow-off top.”

Credible is also revealing his bull market price targets for Bitcoin, predicting that it could realistically surge by nearly 60% from current levels before transitioning to a new trend.

> “We could see this move up very aggressively. The longer we take down here to move up, the higher we’re going to go. Again, I previously said above $100,000… $150,000 is realistic based on what we’ve seen so far. We could push up to $200,000 or even $250,000 with my absolute max for this cycle being $300,000. I don’t think we’ll get close to $300,000 but we could see $200,000 to $220,000. It all depends on how aggressively we move up and the amount of time we take to move up. The longer we take to finish this move, the higher we will go.”

At the time of writing, Bitcoin is valued at $95,075.