Credible, a popular cryptocurrency analyst, has recently expressed his opinion that the first cryptocurrency, Bitcoin, is in the midst of a true bull run that will culminate in the update of its historical maximum.
According to Credible, the BTC price movement from June to December last year represents the longest period of consolidation in the last four years, and it is a precursor to a rapid rally that has already begun.
While acknowledging that periods of consolidation can be boring, the analyst believes they are part of a natural process that sets the stage for an interesting expansion.
Credible went on to say that Bitcoin has already passed its fourth wave and is now in the fifth wave, which will take it to new heights.
DonAlt, another well-known analyst who previously predicted the bottom of Bitcoin, has also expressed confidence that BTC will continue to rise in price and reach $100,000.