Bitcoin cryptocurrency is predicted to grow by 150% this year

A popular cryptocurrency analyst under the pseudonym Credible Crypto believes that bitcoin may well update its price record this year.

According to the analyst, bitcoin can repeat the impulse waves of growth that were observed in previous bullish cycles. Credible Crypto recalled that in 2020, bitcoin also struggled to overcome a strong resistance level for a long time, but then quickly rose to new records.

«I hear all the time that it is unrealistic for bitcoin to update the price record this year. But I think we need to compare it with the last momentum in 2020. Remember that it took bitcoin about three months to overcome the $ 10,000 level. But over the next two, it grew by another 90%. And in another four months, it set a price record, growing 5 times from $ 10,000. So don’t tell me that something is impossible for bitcoin. We will see bitcoin reach new heights, most likely this year,» the analyst wrote.

At the same time, Credible Crypto admitted that bitcoin has not yet shown an «ideal» retest of the $ 25,000 level to push off from it and go to new heights. He also noted that assets do not always clearly repeat their previous behavior. Nevertheless, he is confident that the likelihood of a powerful growth impulse for bitcoin is quite high.