Analyst Credible predicts intriguing changes in Bitcoin's dynamics, noting that its current consolidation may herald significant market movements.
Current Situation of Bitcoin
According to the analyst, Bitcoin is currently stabilizing just below resistance and may continue to trade in a compressed range for several weeks. Forecasts suggest a possible short-term rally above $110,000, but it's more likely that BTC will dip back toward $100,000 before building enough momentum for a sustained breakout.
Future Scenario
Credible emphasizes that a period of low volatility and tighter consolidation could serve as a launchpad for a much larger upward expansion, potentially setting the stage for new all-time highs by the end of July.
Outlook on Altcoin Market
The analyst is also bullish on the broader altcoin market. Despite concerns that capital may be lacking for major altcoin rallies, he argues that crypto remains a small fish in a massive ocean of global liquidity.
With Bitcoin's structure intact and momentum building, market watchers are keeping a close eye on key support and resistance zones. If current patterns hold, July could mark the start of the next big phase in the bull cycle.
