BTC Price May Soar to $100,000 Before Crashing, Predicts Analyst

IconCryptoNewsTerminal Staff18 Jul, 2024

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BTC Price May Soar to $100,000 Before Crashing, Predicts Analyst

Crypto analyst CredibleCrypto, with a large following on Twitter, has shared his analysis of Bitcoin's price movements. Using the Elliott Wave Theory, he predicts that the current cycle will peak around 2025, with BTC reaching at least $100,000. However, he also cautions that a sharp correction could follow, potentially dropping the price below $30,000 or even to $14,000.