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Bitcoin’s Wild Ride: Will It Soar or Crash? Find Out Now!

BBG News

In the dusty corners of the crypto world, where dreams are spun like cotton candy and fortunes rise and fall like the tide, a certain trader, known only as Credible, has taken to the digital stage. With a following that grows faster than a weed in a garden, he’s convinced that Bitcoin is on the brink of a glorious ascent to heights unseen. But hold your horses, folks! There’s a catch lurking in the shadows, like a cat waiting to pounce on an unsuspecting mouse. 🐱

In a recent strategy session, Credible, with his 70,500 YouTube subscribers hanging on his every word, proclaimed that if the demand for Bitcoin picks up like a runaway train, it might just manage to cozy up above the $100,000 mark before launching into the stratosphere. 🚀

But wait! Before you start planning your yacht party, he also mentioned that even if Bitcoin takes a nosedive down to $92,000, its bullish spirit would remain unscathed. Talk about resilience! 💪

“In the most bullish scenario… this green zone ($100,000 to $105,000) would hold and we’d form a tightening consolidation and then rip to the upside in the impulse…

So in this scenario, Bitcoin basically really just does go sideways here. And in case, a lot of the altcoins that I’m looking at have little leg down left to hit the ideal buy zones across the board on a number of alts that I’m looking at.

And that’s why I think that Bitcoin could make one more lower low, potentially in the zone here ($92,000 to $95,000), or in the most bullish case, just go sideways while alts bleed a little bit.”

While Credible is busy dreaming of Bitcoin rallies that could make even the most stoic investor weep with joy, he also warns that the dark clouds of possibility loom overhead. Yes, folks, BTC could very well plunge below $90,000 or even dip its toes into the murky waters of $80,000, all thanks to the mystical principles of Elliott Wave Theory. 🌊

This theory, as convoluted as a soap opera plot, suggests that a bullish asset typically experiences a five-wave rally, with waves one, three, and five soaring high, while waves two and four are like that awkward pause in a conversation. 😅

Says Credible,

“The correction isn’t complete, and so we’re not quite ready yet to take off… If the correction isn’t complete, it doesn’t mean that if we break this low here at $100,000, that all of a sudden things have changed and it’s terrible.

No. 

Again, since we’ve completed this impulse (from $74,000 to $112,000), the correction that follows, which we’re in right now, can go down to $97,000. It can go down to $91,000. It can even go down to $85,000. It doesn’t make a difference as long as it’s above the origin ($74,000).” 

Peering into the crystal ball of his charts, Credible seems to suggest that Bitcoin is caught in the throes of a major wave three rally, a journey that began when Bitcoin plummeted to $74,000 back in April, with dreams of reaching a staggering new all-time high of $238,000. But beware! If Bitcoin dares to dip below $74,000, his wave three dreams will shatter like glass. 🥴

As of now, Bitcoin is trading at a cool $105,379, a number that could make anyone’s heart race faster than a jackrabbit on a hot summer day.

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2025-06-16 10:24

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