Crypto strategist Credible Crypto, who has a large following on Twitter, predicts that Bitcoin will experience a bearish period in the short term.
He believes that Bitcoin is currently below a critical resistance level after a rally caused by a short squeeze during the US Memorial Day weekend.
Credible Crypto states that he will only become bullish if the Chicago Mercantile Exchange (CME) gap just above the $29,200 area is reclaimed. The analyst also notes that Ethereum's chances of reaching his "ideal upside target" of above $2,000 will depend on Bitcoin's price action going forward.
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