Cryptocurrency analyst CrediBULL Crypto shared a confident view on Bitcoin’s current market setup, describing the ability to read high time frame (HTF) structures as a superpower. His comments came at a time when Bitcoin witnessed significant fluctuations, It ranged between $106,000 and $111,000 in recent days.
According to the analyst, they are panicking due to short-term declines They overlook what It is a very healthy long-term structure and still supports an upward trajectory towards new Bitcoin price highs.
The greatest strength of the reading market structure
CrediPool Crypto He explained this understanding HTF inflection points and market structures separate confident traders from those who react emotionally to every correction. According to the analyst, Bitcoin’s current setup remains structurally bullish, and its broader uptrend is intact, even if the price… It was scheduled to fall below $100,000.
This view is a response of many cryptocurrency traders It started to turn downward Due to Bitcoin lacking strong upward momentum in recent weeks. In his view, many market participants rely too heavily on external factors such as macroeconomic data or political events rather than focusing on what the charts show.
He noted that chart knowledge gives traders the clarity needed to stay calm during uncertainty. “Our HTF trend is very sound and healthy at current levels,” he wrote, noting that this is visible to anyone who understands how to correctly identify market structure. For him, this ability is like a superpower, allowing traders to see beyond the hype and panic, focusing instead on trend integrity and higher time frame settings.
The path to the highest levels
CrediBULL Crypto’s comments were an extension of another post Where he made comparisons Show Bitcoin’s current market behavior and structure when it was trading at around $58,000 in 2024. At that time, the invalidation level was set at $38,000, and although Bitcoin fell briefly, it never broke below that level before rising above $100,000. He noted that the $74,000 level now holds the same importance as $38,000 did at the time, and serves as a decisive line confirming the continuation of the overall uptrend.
The analyst added that traders often misinterpret large invalidation ranges as weakness. However, he emphasized that these levels are a normal part of higher time frame analysis. Whether the gap between spot and void price is 5% or 20%, the important thing is to stay consistent with the structure and not let emotions overtake logic.
The CrediBULL Crypto chart shows a continuation of the fifth Elliott wave with a larger push for Bitcoin. This large impulse wave is divided into smaller sub-waves. The first sub-wave was successfully executed with a move of $37,500.
The model suggests that Bitcoin price could rise significantly once the current consolidation forms a confirmed upper low. The analyst expected the fifth wave with the greatest impulsion At a peak price target of $200,000. He also marked $74,445 as an HTF invalidation zone, This means no sustained move below That would negate the current bullish count.
At the time of writing, Bitcoin is trading at $111,120, up 1.5% in the past 24 hours.
Featured image from Pixabay, chart from Tradingview.com
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