A popular crypto analyst is expressing confidence that Bitcoin (BTC) could print new all-time highs this year.
Pseudonymous analyst Credible Crypto tells his 340,600 Twitter followers that Bitcoin could hit a fresh all-time high this year based on historical precedence.
According to Credible Crypto, Bitcoin can replicate previous impulse waves such as the one witnessed in 2020 when BTC struggled for many months to climb above a key resistance level prior to hitting new all-time highs.
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“Keep hearing, ‘How can we reach (a) new all-time high before the end of the year? It’s impossible.’
About where I think we are now compared to our last impulse [of 2020]. Note that the support/resistance flip and retest at $10,000 took about three months to complete.
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