• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12
  • Videos

    Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

    2025-05-21

    OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

    2025-05-20

    ALL IN! 10X Bitcoin leverage RIGHT NOW!!

    2025-05-19

    Bitcoin: Buy Now, 10X Leverage!!!!!

    2025-05-19

    Bitcoin’s Highest Weekly Close Signals Bigger Moves Ahead

    2025-05-19
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Bitcoin Setting Up for One More Rally To Bait BTC Bulls, According to Crypto Analyst – Here’s His Outlook
Analysis

Bitcoin Setting Up for One More Rally To Bait BTC Bulls, According to Crypto Analyst – Here’s His Outlook

2023-11-30No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

A widely followed crypto analyst says that Bitcoin (BTC) is gearing up to bait BTC bulls with another rally to the upside before eventually retracing.

In a new strategy session, pseudonymous crypto trader Credible Crypto tells his 354,400 followers on the social media platform X that he would not be surprised if the king crypto has another surge before it is flushed out.

“Initial rejection here but would not be surprised to see us push back up one more time to take those equal highs before the ‘real’ flush down begins.”

Source: Credible Crypto/X

In an accompanying video update, Credible Crypto further explains his stance, saying that traders should be watching for BTC bursts to the upside that aren’t caused by short squeezes.

According to the trader, the top crypto asset by market cap’s recent rise to $38,000 was the result of a short squeeze that has since finished, setting the stage up for an upcoming dip.

“What we want to see on these moves to the upside that we can take more seriously, not necessarily short squeezes but rather spot-driven moves to the upside. Moves to the upside that doesn’t necessarily require shorts being forced to close to get that type of momentum.”

The analyst then says that he eventually envisions BTC losing momentum and coming back down due to traders with long positions panicking and liquidating.

“For the first time in a long time, we’ve had a significant rise in open interest from our lows. The last time we had this sort of rise off the lows, what happened? We saw a squeeze right back down…

So again, we have a rise in open interest on the move up, which is primarily long [traders] jumping in…

What that means is if [BTC’s] price can be forced back down… we’re probably going to see some of these longs start to panic and start to close and that forces [the] price down even faster.”

Bitcoin is trading for $37,752 at time of writing, a fractional decrease during the last 24 hours.

See also  Whales Abruptly Move Nearly $400,000,000 in Ethereum As Crypto Markets Plunge – Here’s Where the Crypto Is Going

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

Analyst Bait Bitcoin BTC Bulls Crypto Heres Outlook rally Setting
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ALL IN! 10X Bitcoin leverage RIGHT NOW!!

2025-05-19

Bitcoin: Buy Now, 10X Leverage!!!!!

2025-05-19

Bitcoin ATH Countdown: Record Price Breakout Imminent

2025-05-18

They Want To Make Sure NO Bitcoin Is Left For You

2025-05-17
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Chainlink: Are early signs of a promising macro rally on the horizon?

2023-10-13

LINK showed multiple signs of the ongoing shift in favor of the long-term. LINK’s on-chain…

DeFi

What DeFi Must Sacrifice to Appease Regulators

2023-04-17

DeFi Decentralized Finance (DeFi) has emerged as a revolutionary force in the financial industry. When…

Analysis

Shiba Inu Whale Abruptly Moves 4,113,777,233,445 SHIB in Massive Transaction – Here’s Where the Crypto’s Headed

2023-07-16

An unknown crypto whale is suddenly moving trillions of Shiba Inu (SHIB) tokens as the…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

2025-05-20
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 111,561.89
ethereum
Ethereum (ETH) $ 2,653.98
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.43
bnb
BNB (BNB) $ 685.57
solana
Solana (SOL) $ 180.39
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.245335
cardano
Cardano (ADA) $ 0.811153
tron
TRON (TRX) $ 0.274348
bitcoin
Bitcoin (BTC) $ 111,561.89
ethereum
Ethereum (ETH) $ 2,653.98
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.43
bnb
BNB (BNB) $ 685.57
solana
Solana (SOL) $ 180.39
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.245335
cardano
Cardano (ADA) $ 0.811153
tron
TRON (TRX) $ 0.274348