Credibull Crypto, a crypto analyst on Twitter, believes that the current Bitcoin price rise is unlikely to lead to a significant rise to $33,000. They believe that the asset’s price will rise to a marginally higher or higher level than the previous high point. This could potentially lead to a local high point, which would complete the upward movement from the previous low point.

There are many questions about my thoughts on the pump we are seeing. Is this the beginning of our move towards 30k+? Is the dip over? Made a quick 4 minute vid on $BTC to answer these questions and more https://t.co/NBhFc328to https://t.co/CZuAQ3EmGf

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CrediBULL Crypto (@CredibleCrypto), February 15, 2023
https://www.loom.com/share/871cc768018342448ac12a429505073a
Bitcoin will soon surpass the 30k mark.
He also said that prices may move within a narrow range during consolidation. This is when buyers and sellers decide the direction of the market’s future. Analysts expect that the market will revert to an upward trend following consolidation, and that the asset’s price will rise to at minimum $33,000. The analyst also mentioned $40,000 as a possible target. Analysts believe that the asset’s price will eventually surpass its all-time high. This means it will be worth more than ever before.
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Today’s BTC Price

Bitcoin, the world’s most popular crypto, has seen its market cap increase by 8.08% over the past 24 hours. It now stands at 476.69 trillion USD. Each BTC trades at 24,474 USD. This is the first time that the token has crossed 24k since August 2022, a mark that was reached 6 months ago. To maintain the upward trend, Bitcoin must have a daily closing price of at least $25,000. Source: coinmarketcap
The trading volume has increased by 17.77% in the last 24 hour. The dominance of Bitcoin has increased 1.10% compared to the previous days and now stands at 42.65%.

The global crypto market cap is 1.12 trillion USD. This represents an increase of 8.54% in the last day. The total volume of crypto market transactions in the last 24 hours has increased by 25.01% to 73.49 Billion USD.
Also read: Whales make billions in DOGE after Elon Musk’s tweet, Is $0.1 Next for You?

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