According to a well-known analyst, Bitcoin is poised for a significant upward movement. The analyst, known as Credible Crypto, has a large following on social media and believes that Bitcoin is currently in a re-accumulation zone between $38,000 and $34,800. This range is referred to as the 'demand zone' and if Bitcoin holds this level, Credible Crypto predicts that the cryptocurrency could surge to $40,000. Another analyst, Kaleo, also shares this bullish sentiment and believes that Bitcoin will rally to $40,000. At the time of writing, Bitcoin is trading at $36,113.
In conclusion, both Credible Crypto and Kaleo are optimistic about Bitcoin's future price movement. Investors should keep an eye on the demand zone and consider buying during any dips. However, it is important to conduct thorough research and exercise caution when investing in Bitcoin or any other cryptocurrencies.
