CredibleCrypto shares insights on Bitcoin’s recent drop and potential reversal points. His message? Don't panic, this correction was expected.
1. Bitcoin’s Key Levels – Are We Nearing a Bottom?
🔹 Bitcoin has been ranging between local supply (~$80K) and high-timeframe demand (~$66K to $74K)
🔹 The most logical place for a reversal is within this demand zone
🔹 Losing this level? BTC could see further downside to $50K, but he believes this is unlikely
What Needs to Happen for a Reversal?
✅ BTC needs to hold high-timeframe demand (currently testing it)
✅ An impulsive move reclaiming local supply (~$80K and above) is necessary
✅ If BTC consolidates and pushes higher, alts will rally hard
2. Market Sentiment – Maximum Fear Equals Maximum Opportunity?
🛑 Twitter sentiment is at its worst in months, many think the top is in
✅ But historically, reversals happen when fear peaks
✅ Many altcoins are approaching key support zones, creating a strong buying opportunity
3. Ethereum – Major Demand Zone Holding
📌 ETH has now swept key lows (~$1,850) and entered high-timeframe support
📌 A base is expected to form here before a move higher
📌 If Bitcoin bounces, ETH should recover quickly
4. Altcoin Analysis – The Best Buying Zones
- CRV: Testing monthly demand (~$0.30 to $0.37) where risk versus reward heavily favors upside
- XRP: Approaching high-timeframe support (~$1.60 to $1.76), watch for a reversal
- HBAR: Not ready to pump yet, likely more downside before reversal (~$0.12 to $0.13)
- Litecoin (LTC): Ideal buy zone just under $80, expecting a move to $185 and beyond
- Cardano (ADA): Looking for a sweep of $0.50 lows before a possible bounce
5. High-Interest Community Coins – Quick Takes
- Ondo (ONDO): Holding key demand at $2.15, losing it could send price to $1
- SUI: Testing major support (~$2.15), if lost, next stop around $1
- Tao (TAO): Repeated tests of support (~$229) could lead to a break lower
- DAG: Approaching strong demand (~$0.02), watch for reversal
Final Take – A Reversal is Close, But Wait for Confirmation
💡 CredibleCrypto remains bullish long-term but emphasizes patience. He expects Bitcoin and alts to bottom in their current support zones and warns against panic selling.
🚀 Best strategy? Look for confirmations before making moves. If BTC holds and breaks above local supply (~$80K), the market should resume its bullish trend.
