Tue Sep 17 07:04:47 UTC 2024: ## Bitcoin Strategist Predicts “Bear Slaughter” as BTC Sets Up for Massive Rally

**Crypto strategist Credible Crypto, known for his accurate Bitcoin predictions, has outlined two potential scenarios for BTC, both leading to new all-time highs.**

The analyst believes that Bitcoin’s recent lower highs are a deliberate strategy to lull bears into complacency. Bears, who have been shorting BTC, are unwittingly building up liquidity for a massive short squeeze, according to Credible Crypto.

This short squeeze could be triggered by a sudden surge in price, wiping out bear positions and propelling Bitcoin to new heights.

Credible Crypto’s analysis suggests two possible paths:

* **Scenario 1:** Bitcoin drops to around $45,000 before rallying to $80,000.
* **Scenario 2:** Bitcoin falls to $55,000 before a similar surge to $80,000.

The analyst compares this price action to a predator fattening up its prey before striking. “The bears are being fattened up for slaughter in one, swift, green candle of bear death,” Credible Crypto stated.

Bitcoin is currently trading at $57,840, down 1% for the day.

Credible Crypto’s insights have garnered significant attention, with his 419,300 followers eagerly awaiting the predicted bull run. Whether his analysis proves correct remains to be seen, but one thing is certain – the crypto market is poised for volatility as investors anticipate the next major move in Bitcoin.

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