Crypto Strategist Predicts Aggressive Bitcoin Breakout, Says Top Crypto Giving March 2020 Vibes

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A popular crypto strategist and trader is forecasting a strong breakout for Bitcoin as BTC continues to flash indications of bullishness.

In a brand-new technique session, pseudonymous expert Credible informs his 318,400 Twitter fans that a Bitcoin eruption remains in sight after the king crypto rose above its diagonal resistance.

“The market looks great. Bitcoin continues to grind up and go up. [BTC] looks outstanding. This is precisely what we wished to see. We’ve now broken the upper pattern line of this possible triangle …

We keep seeing on the lower timeframe these smaller sized impulses … Now that we’re breaking out of this combination, the move-up ought to be aggressive. You might simply take off eventually.”

Source: Credible/Twitter

According to Credible, the breakout from the triangle structure practically removes the chances of Bitcoin drawing back to as low as $36,000. However, he keeps in mind that Bitcoin can still fix to the $40,000 rate variety.

Looking at the lower timeframes, Credible highlights that Bitcoin’s market structure is similar to its rate action back in March 2020 when BTC suddenly recuperated from the pandemic-induced crash. Credible shares BTC’s four-hour chart throughout the March 2020 healing very first followed by Bitcoin’s rate action in the one-hour timeframe over the last couple of days to reveal the resemblances.

“This PA is giving me $3,000 vertical accumulation vibes. When bullzooka candle?”

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Source: Credible/Twitter
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Source: Credible/Twitter

At time of composing, Bitcoin is exchanging hands for $44,791.

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Featured Image: Shutterstock/Sergey Nivens/Fotomay

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