Cryptocurrency analyst believes that bitcoin will break the historical record in the near future

Credible, a popular crypto analyst, believes that a rapid rally that will end with a new all-time high for the first cryptocurrency has already begun.

Credible assured his subscribers that bitcoin is near the beginning of a real bullish trend, which follows a period of prolonged price decline that occurred last year. According to the crypto blogger, the movement of BTC’s value from June to December represents the longest period of consolidation in the last four years:

«The expansion has begun. If you think that the rallies in 2019 and 2020 were strong, wait until you see what’s coming.»

The analyst believes that any rally should be preceded by periods of low-volatility consolidation. He admits that such times are «boring.» However, in his opinion, this is part of the natural process. Credible believes: «the more boring the consolidation, the more interesting the expansion. Now the fourth wave has been passed and bitcoin is in the middle of the fifth.