The Daily Hodl - Cryptocurrency analyst Credible Crypto warns that a potential 22% drop in Bitcoin to around $53,000 could severely impact altcoins, presenting a buying opportunity as he expects Bitcoin to eventually surge above $100,000

https://dailyhodl.com/2024/07/27/analyst-issues-crypto-alert-says-one-catalyst-could-trigger-an-aggressive-move-down-for-altcoins/

Cryptocurrency analyst Credible Crypto warns his 404,000 followers on X that Bitcoin (BTC) could drop by about 22%, potentially causing a significant downturn for altcoins.

He suggests that if Bitcoin falls to around $53,000, altcoins may experience an aggressive decline, although some might recover strongly while others could face a prolonged downturn.

Despite his bearish outlook, he sees this potential drop as a major buying opportunity, predicting Bitcoin could eventually rise above $100,000, while being more bearish on Ethereum (ETH), expecting it might see new local lows below $2,800.

What do you think?