A crypto strategist believes Bitcoin (BTC) is gearing up to mimic its strong rally earlier this year when the flagship crypto printed nearly 30% gains in about a month.
Pseudonymous analyst Credible Crypto tells his 346,700 followers on the social media platform X that Bitcoin’s current price action looks similar to its market structure in June when BTC surged from a low of around $25,000 to a 2023 high of $31,850.
According to the trader, Bitcoin is likely consolidating after its recent rally just like what happened about three months ago.
— CrediBULL Crypto (@CredibleCrypto) September 17, 2023
Credible Crypto’s prediction comes after BTC’s strong performance last week. According to the analyst, Bitcoin printed a bullish engulfing candle the previous