Bitcoin Forecast Reveals Anticipated Gain of up to 200%, suggesting Long-Term Investors Commence Buying BTC again
Here's the rewritten article:
In the ever-evolving world of crypto, a well-known analyst with a growing fanbase is making waves with timely Bitcoin predictions. This dude goes by the pseudonym Credible, and he reckons that BTC's bull market is far from seeing the Holiday Inn express.
Credible keeps a close eye on long-term Bitcoin holders (LTHs), the individuals who hold their coins for a mind-blowing 155 days or more. He's spotted some tantalizing signs that LTHs are now devouring BTC after months of offloading their stash.
In his words, "It's been triple-decker milkshakes without straws since the last time I talked about LTH supply. I showed 'em back then that LTHs had been net distributing between $68,000 and $110,000. This usually happens during wild price spikes as LTHs sell high. It's standard procedure in a bull market. We witnessed this distribution continuing aggressively to $110,000 but then it started to mellow (still happening) in March."
But here's the dealio: as of April, LTHs have begun amassing BTC again.
In the recent history of Bitcoin, these cats have been flogging their coins for the past seven months. However, as they say, every dog has its day, and now, they're buying that dip.
Credible reckons that as LTHs take advantage of the current market correction, we might be gearing up for a rally that could propel BTC to previously uncharted heights before the bull run comes to an end.
Now, he admits that the best time to grab spot Bitcoin was a whole lotta lower. Even so, he believes there's room for some upside during this cycle, and the high-risk/reward level for swing longs on Bitcoin is at approximately $69,000 to $74,000.
But what about the short term, dawg? Credible predicts another swift leg up before we're hit with another downtown.
As of penning this piece, Bitcoin is trading at $87,377.
Keep up with us on X, Facebook, and Telegram, and remember: Don't Miss a Beat – Subscribe to get email alerts right in your inbox. Check Price Action and The Daily Hodl Mix for all the deets.
Disclaimer: The opinions expressed at The Daily Hodl are not financial advice. It's crucial to do your due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are your responsibility, and any losses you may incur are solely on your head. The Daily Hodl isn’t an investment advisor, nor does it recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl participates in affiliate marketing.
Industry Announcements
- Saison Capital, BRI Ventures, and Coinvestasi Launch Tokenize Indonesia – A Startup Accelerator for RWA April 24, 2025
- FLock.io Partners With Alibaba Cloud for Advanced AI Model Co-Creation April 24, 2025
- Binance Blockchain Week 2025 Returns to Dubai April 24, 2025
- Keycard Launches Pre-Sale for Shell – The Most Open and Modular Hardware Wallet Yet April 23, 2025
- BC.GAME Hosts 'Untamed Arena' at TOKEN2049 Dubai, Featuring Web 3.0 Culture and Influencer Appearances April 23, 2025
- Falcon Finance Integrates sUSDf with Pendle for Enhanced Onchain Yield Generation April 23, 2025
- Paydify Launches To Enable Businesses Worldwide to Accept Crypto Payments April 22, 2025
- $$$94,058.201.78%$$$1,785.162.26%$$$606.551.41%$$$153.914.93%$$$2.202.55% *
Spotlight
- Bitcoin To Keep Kicking Altcoins' Butts Until This Happens, According to Analyst Benjamin Cowen April 18, 2025
- Trader Predicts Altcoin Still Got Room to Run After Ripping 222% in a Month, Updates Outlook on SOL-Based Memecoin April 18, 2025
- The Bearish Structure's Crumbling: Analytics Firm Says Historically Bullish Signal for Bitcoin Is Flashing April 18, 2025
- Macro Guru Lyn Alden Predicts 'Pretty Good Performance' for Bitcoin Over Coming Months – But There's a Catch April 18, 2025
Coverage of future finance, including macro, bitcoin, ethereum, crypto, and web 3.
Categories
- Bitcoin
- Ethereum
- Trading
- Altcoins
- Financeflux
- Blockchain
- Futuremash
- Regulators
- Scams
- HodlX
- Press Releases
About Us | Editorial Policy | Privacy Policy | Terms and Conditions | Contact | Advertise
Join us on Telegram, X, and Facebook
COPYRIGHT © 2017-2025 THE DAILY HODL
- A trader has identified an altcoin that's surged by 222% within a month and speculates that there's still room for more gains. This trader has updated their stance on a SOL-based memecoin.
- Historically bullish indicators for Bitcoin are exhibiting, suggesting that the bearish structure is crumbling.
- Macro Guru Lyn Alden anticipates 'pretty good performance' for Bitcoin over the coming months, but with a catch.
Bitcoin continues to outperform altcoins, with veteran analyst Benjamin Cowen forecasting this trend to persist until a specific event happens.
Categories
- Bitcoin
- Ethereum
- Trading
- Altcoins
- Financeflux
- Blockchain
- Futuremash
- Regulators
- Scams
- HodlX
- Press Releases
- In the world of cryptocurrency, stories about Bitcoin's performance are eliciting strong interest, particularly as analysts like Credible point to signs that long-term Bitcoin holders are resuming their purchase of BTC.
- Credible's observations suggest that the current market correction is providing an opportunity for LTHs to accumulate more Bitcoin, potentially setting the stage for a rally that could surpass previous highs before the bull run ends.
- As the industry continues to evolve, the integration of advanced technologies such as AI, blockchain, and smart contracts could enable greater utility and adoption of cryptocurrencies in finance, particularly within sectors like investing and finance.
- A recent announcement by Falcon Finance integrating sUSDf with Pendle for enhanced onchain yield generation is an example of such innovation, showcasing the potential for increased returns for crypto holders.
- Meanwhile, alternative coins, or altcoins, such as Ethereum, continue to face competition from Bitcoin, with Benjamin Cowen predicting that this trend may persist until a specific event occurs.
