Renowned for his unconventional predictions in the world of cryptocurrency, an analyst believes that Bitcoin (
BTC
) is on the brink of a significant upward surge.
Using the pseudonym Credible, the analyst shared his insights with his 396,100 followers on the social media platform X, suggesting that Bitcoin may experience a slight decline before embarking on a major rally.
Credible speculates that BTC could dip to around $62,000 before launching into a parabolic rally towards new record highs.
With a confident tone, Credible states, “The downside risk is now limited to $60,000 (invalidation) and realistically not likely to fall below $62,000-$63,000 (if at all). I anticipate a massive surge in BTC within the next seven to 10 days. Target price: $100,000+.”
The analyst predicts that the impending Bitcoin rally will prompt crypto traders to offload their alternative coin holdings out of fear of missing out.
Describing the potential scenario, Credible envisions, “BTC will produce a significant surge in value, drawing the attention of the entire market, causing liquidity to flow out of the numerous altcoins (including DOGE) and into BTC as it starts to skyrocket.”
Looking ahead, Credible anticipates another rally pushing Bitcoin above $70,000 before a slight correction back to $64,000, followed by a surge to new all-time highs.
Excited by the possibilities, Credible simply states, “Manifesting.”


As of the time of writing, Bitcoin is valued at $69,577.
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