Crypto News

BTC Primed for a Big Move The cryptocurrency market has been experiencing a lot of volatility lately, and Bitcoin is no exception. After reaching an all-time high of $64,000 in mid-April, the leading cryptocurrency has been trading in a sideways pattern, with some sharp drops and quick recoveries. But according to Credible, this is all part of a bigger picture. The Final Shakeout Before the Breakout Credible believes that Bitcoin is currently in its final shakeout phase before it makes a major move to the upside. This means that the recent drops and recoveries are just a way for the market to weed out weak hands and prepare for a big rally. In fact, Credible thinks that Bitcoin could see a 40% to 60% increase in price once this shakeout is over. Key Levels to Watch According to Credible, there are two key levels that traders should watch in order to determine when the breakout will happen. The first one is the $42,000 level, which has been a strong support level for Bitcoi...