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Bitcoin News Alerts | Daily BTC News

981: TOP CRYPTO TRADER SAYS MASSIVE UNEXPECTED BITCOIN RALLY TO TAKE PLACE THIS YEAR - HERE’S HIS TARGET!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 9 July 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

One crypto analyst maintains a contrarian bullish stance on Bitcoin for the rest of the year despite a dramatic drop from all-time highs. The closely followed cryptocurrency analyst Credible Crypto tells his 336,000 Twitter followers he foresees BTC hitting all-time highs (ATHs) in the next six months before the real bear market begins. “Still expecting a new ATH and six-figure BTC by 2023 and believe we are likely back on our way down in 2024-2025 and in the depths of a bigger bear market than most have ever seen at that point.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Oh, that's my prime delivery.

0:01.6

What, already?

0:02.6

Only one thing can match the buzz of Prime's fast delivery.

0:06.2

And that's the buzz of Prime's entertainment.

0:09.0

What are we watching?

0:09.7

Heads of state, that new action comedy with Idris Elbert as the Prime Minister,

0:13.3

John Cena as the president, and Prianka Chopra Jonas,

0:15.9

as their only hope.

0:17.0

It looks like a blast.

0:18.3

From fast delivery to explosive entertainment, it's on Prime.

0:22.5

For only 899 a month, join now. Content includes limited ads, subscription or to renews. For more

0:27.7

information, go to Amazon.com.com. U.K.S. Prime. In today's show, Bitcoin is cheap at $20,000, as

0:33.6

the Bitcoin price to wallet ratio, mimics 2013, quoting during Intimer, the director of global

0:39.0

macro at asset manager fidelity. It is the middle of summer, but for crypto, it is winter.

0:44.6

Bitcoin and crypto in general have not been spared from the widespread drawdowns this year,

0:48.7

and that's an understatement. I'll be sharing this Twitter thread and quoting James Labish.

0:53.1

At $20,000 Bitcoin.

0:54.7

If you believe that the downside risk is $10,000 and the upside potential is $250,000,

1:00.4

then at these prices, there is a 0.5x downside and 12.5x upside.

1:05.9

This is a 25 to 1 reward to risk profile.

1:09.0

This is compelling.

1:10.6

And quoting plan B, What if the bears were

...

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