Analyst expects Bitcoin to rise above $ 100,000 soon

Bitcoin is preparing to come out of the consolidation stage and move to a rapid rally.This was stated by the well-knowncryptocurrency trader and analyst under the nickname Credible Crypto.

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He noted that the last 896 days sinceBitcoin collapse in 2017 became a stage of asset redistribution for cryptocurrency. This period is coming to an end, and soon the market value of BTC will exceed $ 100,000.

The analyst added that Bitcoin was able to fully recover after a sharp collapse in March, despite price fluctuations during the halving period.

Source: Twitter

As you can see on the chart, the collapse of market valueBitcoin on Black Thursday has led to a record surge in trading volumes over the past three years. The analyst believes that these outbursts, starting in December 2018, indicate an impending Bitcoin rally.

The bullish spirit of Credible Crypto is shared by a number of well-known analysts. In early May, Pantera Capital CEO predicted Bitcoin to grow to $ 115,000 after halving.

In mid-May, well-known businessman Robert Kiosaki predicted a rise in bitcoin to $ 75,000 in three years.

At the same time, the research company Glassnode believes that bitcoin may continue to fall due to the deterioration of fundamental indicators.