📉 Bitcoin Pulls Back After New All-Time High, But Structure Remains Bullish
CredibleCrypto shares a quick but crucial update before heading out for a short break. Despite the recent dip after Bitcoin's all-time high, he's confident this is just another healthy step in the bigger uptrend. Here's what matters most:
TLDR:
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Recent pullback is expected and healthy, not a trend reversal
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Structure is bullish with clear impulsive price action
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Correction targets include 102K and 93K, but 74K is key high-timeframe support
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Even deeper dips won’t change long-term outlook
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Alts may offer better ROI, focus remains on them during the next leg
Bitcoin Structure: Why This Isn’t 2021
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Some fear a repeat of the 2021 double top, but Credible disagrees
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The 2021 move was corrective and weak, this one is impulsive and structurally sound
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Higher highs and higher lows are forming cleanly, confirming a true uptrend
Downside Levels: What to Watch
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As long as Bitcoin stays above 74K, high-timeframe structure remains intact
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First support zone is 102K to 104K
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If lost, next zone is 93K to 97K
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Even dips into the low 90Ks are normal in this context
Impulsive vs. Corrective: The Key Difference
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Past bearish phases followed corrective three-leg structures
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This move features clear impulsive waves with shallow, sideways pullbacks
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Corrections may drag out in form, but they’re setups for the next leg higher
Altcoins: Still the Best Risk-Reward
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Levels for CRV, XRP, and ETH remain unchanged
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If Bitcoin dips further, altcoin buy zones will likely be hit
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Credible prefers alt exposure here for higher upside potential
Credible’s Take:
This dip is just noise. The structure is intact, the setup is clean, and the rally to 150K is still on track. As long as we hold above 74K, there’s nothing to worry about. Dips are for buying, especially in altcoins, which should catch up hard once Bitcoin resumes its run.
